Navellier & Associates Inc Has $829,000 Stake in John Bean Technologies Corporation (JBT)

Navellier & Associates Inc lessened its position in John Bean Technologies Corporation (NYSE:JBT) by 11.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,456 shares of the industrial products company’s stock after selling 1,054 shares during the period. Navellier & Associates Inc’s holdings in John Bean Technologies Corporation were worth $829,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of John Bean Technologies Corporation by 30,340.7% in the first quarter. BlackRock Inc. now owns 3,715,900 shares of the industrial products company’s stock worth $326,813,000 after buying an additional 3,703,693 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in shares of John Bean Technologies Corporation by 25.0% in the second quarter. Neuberger Berman Group LLC now owns 12,500 shares of the industrial products company’s stock worth $1,225,000 after buying an additional 2,500 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of John Bean Technologies Corporation by 10.1% in the second quarter. Legal & General Group Plc now owns 61,134 shares of the industrial products company’s stock worth $5,987,000 after buying an additional 5,607 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of John Bean Technologies Corporation by 14.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 126,853 shares of the industrial products company’s stock worth $11,157,000 after buying an additional 16,417 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of John Bean Technologies Corporation by 18.7% in the second quarter. BNP Paribas Arbitrage SA now owns 11,291 shares of the industrial products company’s stock worth $1,107,000 after buying an additional 1,780 shares in the last quarter. Hedge funds and other institutional investors own 99.25% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Navellier & Associates Inc Has $829,000 Stake in John Bean Technologies Corporation (JBT)” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. 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://ledgergazette.com/2017/10/18/navellier-associates-inc-has-829000-stake-in-john-bean-technologies-corporation-jbt.html.

Several research analysts have recently issued reports on JBT shares. BidaskClub upgraded shares of John Bean Technologies Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Robert W. Baird set a $101.00 target price on shares of John Bean Technologies Corporation and gave the stock a “buy” rating in a research note on Thursday, August 24th. Finally, Zacks Investment Research downgraded shares of John Bean Technologies Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $99.33.

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 ninety days, insiders sold 15,103 shares of company stock worth $1,314,919. Insiders own 1.81% of the company’s stock.

Shares of John Bean Technologies Corporation (JBT) traded down 0.19% on Wednesday, hitting $103.00. 33,539 shares of the stock traded hands. John Bean Technologies Corporation has a 52-week low of $71.85 and a 52-week high of $103.85. The stock has a market cap of $3.26 billion, a P/E ratio of 39.89 and a beta of 1.35. The stock’s 50 day moving average price is $95.88 and its 200 day moving average price is $91.22.

John Bean Technologies Corporation (NYSE:JBT) last issued its quarterly earnings data on Monday, July 31st. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, topp

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of John Bean Technologies Corporation by 30,340.7% in the first quarter. BlackRock Inc. now owns 3,715,900 shares of the industrial products company’s stock worth $326,813,000 after buying an additional 3,703,693 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in shares of John Bean Technologies Corporation by 25.0% in the second quarter. Neuberger Berman Group LLC now owns 12,500 shares of the industrial products company’s stock worth $1,225,000 after buying an additional 2,500 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of John Bean Technologies Corporation by 10.1% in the second quarter. Legal & General Group Plc now owns 61,134 shares of the industrial products company’s stock worth $5,987,000 after buying an additional 5,607 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of John Bean Technologies Corporation by 14.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 126,853 shares of the industrial products company’s stock worth $11,157,000 after buying an additional 16,417 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of John Bean Technologies Corporation by 18.7% in the second quarter. BNP Paribas Arbitrage SA now owns 11,291 shares of the industrial products company’s stock worth $1,107,000 after buying an additional 1,780 shares in the last quarter. Hedge funds and other institutional investors own 99.25% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Navellier & Associates Inc Has $829,000 Stake in John Bean Technologies Corporation (JBT)” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. 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://ledgergazette.com/2017/10/18/navellier-associates-inc-has-829000-stake-in-john-bean-technologies-corporation-jbt.html.

Several research analysts have recently issued reports on JBT shares. BidaskClub upgraded shares of John Bean Technologies Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Robert W. Baird set a $101.00 target price on shares of John Bean Technologies Corporation and gave the stock a “buy” rating in a research note on Thursday, August 24th. Finally, Zacks Investment Research downgraded shares of John Bean Technologies Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $99.33.

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 ninety days, insiders sold 15,103 shares of company stock worth $1,314,919. Insiders own 1.81% of the company’s stock.

Shares of John Bean Technologies Corporation (JBT) traded down 0.19% on Wednesday, hitting $103.00. 33,539 shares of the stock traded hands. John Bean Technologies Corporation has a 52-week low of $71.85 and a 52-week high of $103.85. The stock has a market cap of $3.26 billion, a P/E ratio of 39.89 and a beta of 1.35. The stock’s 50 day moving average price is $95.88 and its 200 day moving average price is $91.22.

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

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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