9,140 Shares in John Bean Technologies Corp (JBT) Purchased by Municipal Employees Retirement System of Michigan

Municipal Employees Retirement System of Michigan bought a new position in John Bean Technologies Corp (NYSE:JBT) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 9,140 shares of the industrial products company’s stock, valued at approximately $656,000.

Other large investors have also added to or reduced their stakes in the company. Royce & Associates LP boosted its stake in John Bean Technologies by 198.2% in the 4th quarter. Royce & Associates LP now owns 770,943 shares of the industrial products company’s stock worth $55,361,000 after purchasing an additional 512,402 shares in the last quarter. Conestoga Capital Advisors LLC lifted its stake in John Bean Technologies by 40.9% during the 4th quarter. Conestoga Capital Advisors LLC now owns 712,015 shares of the industrial products company’s stock valued at $51,130,000 after acquiring an additional 206,598 shares during the period. BlackRock Inc. increased its position in shares of John Bean Technologies by 3.2% during the 3rd quarter. BlackRock Inc. now owns 4,505,576 shares of the industrial products company’s stock valued at $537,514,000 after purchasing an additional 139,054 shares during the last quarter. Vanguard Group Inc increased its position in shares of John Bean Technologies by 1.8% during the 3rd quarter. Vanguard Group Inc now owns 3,148,909 shares of the industrial products company’s stock valued at $375,664,000 after purchasing an additional 56,258 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of John Bean Technologies by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 3,148,909 shares of the industrial products company’s stock valued at $375,664,000 after purchasing an additional 56,258 shares during the last quarter.

JBT has been the subject of several research reports. TheStreet raised shares of John Bean Technologies from a “c+” rating to a “b” rating in a research report on Tuesday, February 26th. Zacks Investment Research lowered shares of John Bean Technologies from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. ValuEngine raised shares of John Bean Technologies from a “sell” rating to a “hold” rating in a report on Thursday, February 28th. Wellington Shields raised shares of John Bean Technologies from a “hold” rating to a “gradually accumulate” rating in a report on Tuesday, February 12th. Finally, Robert W. Baird set a $83.00 target price on shares of John Bean Technologies and gave the stock a “hold” rating in a report on Friday, January 25th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $95.57.

In related news, EVP James L. Marvin sold 1,500 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $92.53, for a total value of $138,795.00. Following the completion of the sale, the executive vice president now directly owns 24,679 shares in the company, valued at $2,283,547.87. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.23% of the stock is owned by company insiders.

JBT traded down $1.07 during trading on Wednesday, reaching $102.00. 192,641 shares of the company traded hands, compared to its average volume of 192,382. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.27 and a quick ratio of 0.85. The firm has a market cap of $3.27 billion, a P/E ratio of 23.83, a price-to-earnings-growth ratio of 2.24 and a beta of 1.41. John Bean Technologies Corp has a 12-month low of $66.28 and a 12-month high of $123.90.

John Bean Technologies (NYSE:JBT) last posted its earnings results on Monday, February 25th. The industrial products company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.27. The firm had revenue of $537.30 million during the quarter, compared to the consensus estimate of $536.33 million. John Bean Technologies had a return on equity of 32.09% and a net margin of 5.42%. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.10 EPS. On average, sell-side analysts anticipate that John Bean Technologies Corp will post 4.32 earnings per share for the current year.

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John Bean Technologies Profile

John Bean Technologies Corporation provides technology solutions to food and beverage industry and equipment and services to air transportation industries. The company operates through JBT FoodTech and JBT AeroTech segments. It provides chilling, mixing/grinding, injecting, marinating, tumbling, portioning, packaging, coating, frying, freezing, weighing, X-ray food inspection, and packaging systems for poultry, beef, pork, and seafood, as well as ready-to-eat meals, fruits, vegetables, dairy, and bakery products; solutions to extract, concentrate, and aseptically process citrus, tomato and other fruits, vegetables, and juices; and solutions for the filling, closing, and preservation of fruits, vegetables, soups, sauces, and dairy and pet food products, as well as ready-to-eat meals.

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Institutional Ownership by Quarter for John Bean Technologies (NYSE:JBT)

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