Russell Investments Group Ltd. increased its position in shares of John Bean Technologies Corporation (NYSE:JBT) by 113.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,412 shares of the industrial products company’s stock after buying an additional 68,689 shares during the period. Russell Investments Group Ltd. owned 0.41% of John Bean Technologies Corporation worth $12,683,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Norges Bank bought a new stake in John Bean Technologies Corporation during the fourth quarter worth about $17,171,000. Bank of Montreal Can raised its stake in John Bean Technologies Corporation by 1.8% in the first quarter. Bank of Montreal Can now owns 10,309 shares of the industrial products company’s stock worth $907,000 after buying an additional 187 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in John Bean Technologies Corporation by 9.4% in the first quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the industrial products company’s stock worth $1,126,000 after buying an additional 1,100 shares in the last quarter. Conestoga Capital Advisors LLC raised its stake in John Bean Technologies Corporation by 86.3% in the first quarter. Conestoga Capital Advisors LLC now owns 240,846 shares of the industrial products company’s stock worth $21,182,000 after buying an additional 111,586 shares in the last quarter. Finally, Columbus Circle Investors raised its stake in John Bean Technologies Corporation by 153.8% in the first quarter. Columbus Circle Investors now owns 392,705 shares of the industrial products company’s stock worth $34,538,000 after buying an additional 237,968 shares in the last quarter. 99.25% of the stock is currently owned by institutional investors.

Shares of John Bean Technologies Corporation (NYSE JBT) traded up 1.40% during midday trading on Friday, hitting $90.45. The stock had a trading volume of 145,718 shares. The stock has a 50 day moving average of $92.92 and a 200-day moving average of $89.06. John Bean Technologies Corporation has a one year low of $64.28 and a one year high of $99.20. The company has a market cap of $2.86 billion, a P/E ratio of 35.03 and a beta of 1.32.

John Bean Technologies Corporation (NYSE:JBT) last issued its earnings results on Monday, July 31st. The industrial products company reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.07. John Bean Technologies Corporation had a return on equity of 29.18% and a net margin of 5.32%. The company had revenue of $386.10 million during the quarter, compared to the consensus estimate of $381.49 million. During the same quarter in the prior year, the business earned $0.67 earnings per share. The company’s revenue was up 17.4% compared to the same quarter last year. Analysts forecast that John Bean Technologies Corporation will post $3.03 EPS for the current fiscal year.

The firm also recently declared a dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 21st will be paid a $0.10 dividend. This is a boost from John Bean Technologies Corporation’s previous dividend of $0.09. The ex-dividend date of this dividend is Thursday, August 17th. John Bean Technologies Corporation’s payout ratio is 15.44%.

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A number of equities research analysts have issued reports on JBT shares. Zacks Investment Research lowered John Bean Technologies Corporation from a “strong-buy” rating to a “sell” rating in a research report on Wednesday, May 3rd. Bank of America Corporation started coverage on John Bean Technologies Corporation in a research report on Thursday, May 18th. They issued a “neutral” rating and a $89.00 price target on the stock. J P Morgan Chase & Co started coverage on John Bean Technologies Corporation in a research report on Friday, June 2nd. They issued a “neutral” rating and a $88.00 price target on the stock. Finally, BidaskClub raised John Bean Technologies Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $99.86.

John Bean Technologies Corporation Company Profile

John Bean Technologies Corporation (JBT) is a technology solutions provider to the segments of the food and beverage industry with focus on proteins, liquid foods and automated system solutions. It operates through two segments: JBT FoodTech and JBT AeroTech. The JBT FoodTech segment designs, manufactures and services technologically food processing systems used for fruit juice production, frozen food production, in-container food production, automated systems and convenience food preparation by the food industry.

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

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