First Midwest Bank Trust Division decreased its position in shares of John Bean Technologies Corporation (NYSE:JBT) by 45.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,990 shares of the industrial products company’s stock after selling 5,076 shares during the quarter. First Midwest Bank Trust Division’s holdings in John Bean Technologies Corporation were worth $606,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of JBT. UBS Asset Management Americas Inc. grew its holdings in shares of John Bean Technologies Corporation by 19.1% during the first quarter. UBS Asset Management Americas Inc. now owns 17,254 shares of the industrial products company’s stock valued at $1,517,000 after buying an additional 2,773 shares during the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of John Bean Technologies Corporation by 20.7% during the first quarter. TIAA CREF Investment Management LLC now owns 101,539 shares of the industrial products company’s stock valued at $8,930,000 after buying an additional 17,389 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of John Bean Technologies Corporation by 16.5% during the first quarter. Vanguard Group Inc. now owns 2,757,581 shares of the industrial products company’s stock valued at $242,529,000 after buying an additional 390,070 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of John Bean Technologies Corporation by 14.7% during the first quarter. Geode Capital Management LLC now owns 237,804 shares of the industrial products company’s stock valued at $20,914,000 after buying an additional 30,562 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new stake in shares of John Bean Technologies Corporation during the first quarter valued at approximately $423,000. Hedge funds and other institutional investors own 99.25% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “John Bean Technologies Corporation (JBT) Stake Lowered by First Midwest Bank Trust Division” was published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this article on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this article can be viewed at https://theolympiareport.com/2017/10/31/john-bean-technologies-corporation-jbt-stake-lowered-by-first-midwest-bank-trust-division.html.

A number of brokerages recently weighed in on JBT. Robert W. Baird increased their price objective on shares of John Bean Technologies Corporation from $107.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. BidaskClub downgraded shares of John Bean Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, Zacks Investment Research upgraded shares of John Bean Technologies Corporation from a “hold” rating to a “buy” rating and set a $124.00 price objective on the stock in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $104.86.

In other John Bean Technologies Corporation news, Director Caroline Maury Devine sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $88.16, for a total transaction of $176,320.00. Following the sale, the director now owns 48,592 shares of the company’s stock, valued at approximately $4,283,870.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Steven R. Smith sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $86.78, for a total transaction of $867,800.00. Following the sale, the executive vice president now directly owns 50,811 shares in the company, valued at approximately $4,409,378.58. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,103 shares of company stock worth $1,314,919. 1.81% of the stock is owned by insiders.

Shares of John Bean Technologies Corporation (NYSE JBT) traded up 0.61% on Tuesday, reaching $107.00. 40,171 shares of the company were exchanged. The firm’s 50 day moving average price is $100.80 and its 200 day moving average price is $92.84. The stock has a market capitalization of $3.38 billion, a price-to-earnings ratio of 41.44 and a beta of 1.35. John Bean Technologies Corporation has a 52 week low of $76.20 and a 52 week high of $115.20.

John Bean Technologies Corporation (NYSE:JBT) last released its earnings results on Monday, October 23rd. The industrial products company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.04. The company had revenue of $420.80 million for the quarter, compared to the consensus estimate of $414.17 million. John Bean Technologies Corporation had a net margin of 5.41% and a return on equity of 25.51%. John Bean Technologies Corporation’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.69 EPS. Equities research analysts anticipate that John Bean Technologies Corporation will post $3.05 EPS for the current year.

John Bean Technologies Corporation 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)

Receive News & Ratings for John Bean Technologies Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for John Bean Technologies Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.