John Bean Technologies Corp (JBT) Holdings Increased by Global X Management Co. LLC

Global X Management Co. LLC raised its position in shares of John Bean Technologies Corp (NYSE:JBT) by 128.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 351,418 shares of the industrial products company’s stock after purchasing an additional 197,270 shares during the quarter. John Bean Technologies makes up approximately 0.9% of Global X Management Co. LLC’s investment portfolio, making the stock its 22nd largest holding. Global X Management Co. LLC owned approximately 1.11% of John Bean Technologies worth $38,937,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. increased its position in John Bean Technologies by 4.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,758 shares of the industrial products company’s stock valued at $270,000 after purchasing an additional 122 shares during the period. Advisor Group Inc. increased its position in John Bean Technologies by 27.4% during the 2nd quarter. Advisor Group Inc. now owns 1,381 shares of the industrial products company’s stock valued at $129,000 after purchasing an additional 297 shares during the period. Nisa Investment Advisors LLC increased its position in John Bean Technologies by 4.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 11,212 shares of the industrial products company’s stock valued at $1,242,000 after purchasing an additional 500 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in John Bean Technologies by 43.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,911 shares of the industrial products company’s stock valued at $212,000 after purchasing an additional 581 shares during the period. Finally, Victory Capital Management Inc. increased its position in John Bean Technologies by 31.6% during the 3rd quarter. Victory Capital Management Inc. now owns 2,530 shares of the industrial products company’s stock valued at $256,000 after purchasing an additional 608 shares during the period.

A number of research firms have weighed in on JBT. Zacks Investment Research raised shares of John Bean Technologies from a “hold” rating to a “buy” rating and set a $129.00 target price for the company in a research report on Tuesday, November 28th. Bank of America downgraded shares of John Bean Technologies from a “neutral” rating to an “underperform” rating in a research report on Friday, December 8th. Robert W. Baird increased their target price on shares of John Bean Technologies from $107.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Finally, Wells Fargo & Co set a $125.00 target price on shares of John Bean Technologies and gave the company a “buy” rating in a research report on Thursday, January 18th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $107.25.

Shares of John Bean Technologies Corp (NYSE JBT) opened at $112.65 on Wednesday. The company has a market cap of $3,513.49, a P/E ratio of 39.19, a PEG ratio of 2.03 and a beta of 1.32. John Bean Technologies Corp has a 52-week low of $80.70 and a 52-week high of $120.55. The company has a current ratio of 1.28, a quick ratio of 0.82 and a debt-to-equity ratio of 0.91.

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John Bean Technologies 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.

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

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