Baird Financial Group Inc. Sells 290 Shares of John Bean Technologies Co. (NYSE:JBT)

Baird Financial Group Inc. lowered its holdings in John Bean Technologies Co. (NYSE:JBTGet Rating) by 5.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,401 shares of the industrial products company’s stock after selling 290 shares during the period. Baird Financial Group Inc.’s holdings in John Bean Technologies were worth $596,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group bought a new stake in John Bean Technologies in the 1st quarter valued at about $30,000. Private Capital Group LLC raised its position in shares of John Bean Technologies by 154.1% in the 2nd quarter. Private Capital Group LLC now owns 282 shares of the industrial products company’s stock valued at $31,000 after buying an additional 171 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of John Bean Technologies by 49.0% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 292 shares of the industrial products company’s stock valued at $35,000 after buying an additional 96 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of John Bean Technologies in the 1st quarter valued at approximately $59,000. Finally, Quadrant Capital Group LLC raised its position in shares of John Bean Technologies by 25.3% in the 1st quarter. Quadrant Capital Group LLC now owns 698 shares of the industrial products company’s stock valued at $83,000 after buying an additional 141 shares in the last quarter.

John Bean Technologies Price Performance

JBT stock opened at $92.27 on Monday. The company has a 50 day simple moving average of $91.85 and a 200 day simple moving average of $105.53. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 23.66, a P/E/G ratio of 1.50 and a beta of 1.39. John Bean Technologies Co. has a 1 year low of $81.59 and a 1 year high of $177.56. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.41 and a quick ratio of 0.85.

John Bean Technologies (NYSE:JBTGet Rating) last posted its earnings results on Thursday, October 27th. The industrial products company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.08. John Bean Technologies had a net margin of 6.05% and a return on equity of 17.16%. The firm had revenue of $555.40 million for the quarter, compared to analyst estimates of $557.57 million. During the same period in the previous year, the firm posted $1.02 EPS. The company’s revenue for the quarter was up 16.3% compared to the same quarter last year. Research analysts anticipate that John Bean Technologies Co. will post 4.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other John Bean Technologies news, CEO Brian A. Deck bought 1,500 shares of John Bean Technologies stock in a transaction on Friday, October 28th. The shares were purchased at an average cost of $90.91 per share, with a total value of $136,365.00. Following the acquisition, the chief executive officer now directly owns 73,154 shares of the company’s stock, valued at approximately $6,650,430.14. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Brian A. Deck acquired 1,500 shares of John Bean Technologies stock in a transaction dated Friday, October 28th. The shares were bought at an average cost of $90.91 per share, with a total value of $136,365.00. Following the purchase, the chief executive officer now owns 73,154 shares in the company, valued at approximately $6,650,430.14. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Caroline Maury Devine sold 300 shares of the company’s stock in a transaction on Tuesday, October 18th. The shares were sold at an average price of $97.35, for a total transaction of $29,205.00. Following the completion of the sale, the director now directly owns 46,749 shares in the company, valued at $4,551,015.15. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on JBT shares. StockNews.com started coverage on shares of John Bean Technologies in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Robert W. Baird lowered their price objective on shares of John Bean Technologies from $117.00 to $110.00 in a research report on Thursday, October 27th. William Blair cut shares of John Bean Technologies from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 27th. Finally, BMO Capital Markets lowered their price objective on shares of John Bean Technologies from $135.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, November 2nd. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $123.33.

John Bean Technologies Company Profile

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John Bean Technologies Corporation provides technology solutions to food and beverage industry and equipment and services to air transportation industries. The company operates through two segments: JBT FoodTech and JBT AeroTech. It offers poultry processing, mixing/grinding, injecting, marinating, tumbling, portioning, packaging, coating, cooking, frying, freezing, weighing, X-ray food inspection, and food safety solutions.

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

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