PEAK6 Investments L.P. raised its position in John Bean Technologies Corp (NYSE:JBT) by 203.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,106 shares of the industrial products company’s stock after buying an additional 6,104 shares during the quarter. PEAK6 Investments L.P.’s holdings in John Bean Technologies were worth $276,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Yorktown Management & Research Co Inc acquired a new stake in John Bean Technologies during the 2nd quarter worth approximately $249,000. Diversified Trust Co acquired a new position in shares of John Bean Technologies in the 2nd quarter worth approximately $289,000. First Midwest Bank Trust Division lifted its position in shares of John Bean Technologies by 11.9% in the 2nd quarter. First Midwest Bank Trust Division now owns 4,662 shares of the industrial products company’s stock worth $414,000 after purchasing an additional 494 shares during the period. Xact Kapitalforvaltning AB lifted its position in shares of John Bean Technologies by 14.1% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 4,851 shares of the industrial products company’s stock worth $431,000 after purchasing an additional 600 shares during the period. Finally, Amalgamated Bank lifted its position in shares of John Bean Technologies by 13.0% in the 2nd quarter. Amalgamated Bank now owns 5,117 shares of the industrial products company’s stock worth $455,000 after purchasing an additional 588 shares during the period.
Shares of NYSE JBT traded down $2.10 during trading on Friday, hitting $109.60. The stock had a trading volume of 243,839 shares, compared to its average volume of 198,388. John Bean Technologies Corp has a 12 month low of $84.81 and a 12 month high of $123.90. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.33 and a quick ratio of 0.80. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of 35.35, a PEG ratio of 1.84 and a beta of 1.18.
John Bean Technologies (NYSE:JBT) last posted its earnings results on Wednesday, July 25th. The industrial products company reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.19. John Bean Technologies had a net margin of 4.43% and a return on equity of 26.58%. The firm had revenue of $491.30 million during the quarter, compared to analyst estimates of $474.59 million. During the same quarter in the prior year, the business posted $0.58 EPS. The business’s revenue was up 27.2% compared to the same quarter last year. On average, research analysts anticipate that John Bean Technologies Corp will post 4.03 EPS for the current fiscal year.
A number of research analysts have recently issued reports on the stock. ValuEngine upgraded shares of John Bean Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, July 26th. TheStreet upgraded shares of John Bean Technologies from a “c+” rating to an “a-” rating in a research note on Thursday, July 26th. Zacks Investment Research lowered shares of John Bean Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, August 16th. BMO Capital Markets lifted their price objective on shares of John Bean Technologies from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, July 31st. Finally, JPMorgan Chase & Co. lowered shares of John Bean Technologies from a “neutral” rating to an “underweight” rating and set a $88.00 price target for the company. in a research note on Friday, September 21st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. John Bean Technologies has an average rating of “Hold” and an average target price of $106.14.
John Bean Technologies Company Profile
John Bean Technologies Corporation designs, manufactures, tests, installs, and services products and systems for the food and beverage, and 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 solutions, 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.
Featured Story: Using the New Google Finance Tool
Receive News & Ratings for John Bean Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for John Bean Technologies and related companies with MarketBeat.com's FREE daily email newsletter.