John Bean Technologies Corp (NYSE:JBT): Institutional Investors Aren’t Crazy About It

May 17, 2018 - By Christine McCrea

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Sentiment for John Bean Technologies Corp (NYSE:JBT)

John Bean Technologies Corp (NYSE:JBT) institutional sentiment decreased to 1.01 in Q4 2017. Its down -0.39, from 1.4 in 2017Q3. The ratio turned negative, as 95 investment professionals opened new or increased holdings, while 94 sold and trimmed stakes in John Bean Technologies Corp. The investment professionals in our partner’s database now own: 32.20 million shares, down from 32.65 million shares in 2017Q3. Also, the number of investment professionals holding John Bean Technologies Corp in their top 10 holdings was flat from 1 to 1 for the same number . Sold All: 8 Reduced: 86 Increased: 64 New Position: 31.

John Bean Technologies Corporation designs, makes, tests, installs, and services products and systems for the food and beverage, and air transportation industries. The company has market cap of $2.78 billion. The firm operates through JBT FoodTech and JBT AeroTech divisions. It has a 34.66 P/E ratio. It provides chilling, mixing/grinding, injecting, marinating, tumbling, portioning, packaging, coating, frying, freezing, and weighing solutions 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.

The stock increased 0.57% or $0.5 during the last trading session, reaching $87.7. About 264,653 shares traded or 14.53% up from the average. John Bean Technologies Corporation (NYSE:JBT) has risen 29.20% since May 17, 2017 and is uptrending. It has outperformed by 17.65% the S&P500.

Analysts await John Bean Technologies Corporation (NYSE:JBT) to report earnings on July, 30. They expect $1.05 EPS, up 81.03 % or $0.47 from last year’s $0.58 per share. JBT’s profit will be $33.32 million for 20.88 P/E if the $1.05 EPS becomes a reality. After $0.34 actual EPS reported by John Bean Technologies Corporation for the previous quarter, Wall Street now forecasts 208.82 % EPS growth.

Profit Investment Management Llc holds 2.41% of its portfolio in John Bean Technologies Corporation for 28,486 shares. Rk Capital Management Llc owns 60,973 shares or 1.42% of their US portfolio. Moreover, Conestoga Capital Advisors Llc has 1.4% invested in the company for 329,535 shares. The New Hampshire-based D L Carlson Investment Group Inc has invested 1.23% in the stock. Cortina Asset Management Llc, a Wisconsin-based fund reported 221,611 shares.

Since January 1, 0001, it had 1 buy, and 0 selling transactions for $25,933 activity.

John Bean Technologies Corporation (NYSE:JBT) Ratings Coverage

Ratings analysis reveals 40% of John Bean Technologies’s analysts are positive. Out of 5 Wall Street analysts rating John Bean Technologies, 2 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $84 while the high is $130. The stock’s average target of $102 is 16.31% above today’s ($87.7) share price. JBT was included in 9 notes of analysts from December 8, 2017. The firm earned “Underperform” rating on Friday, May 4 by Bank of America. The rating was maintained by Wells Fargo on Thursday, May 3 with “Buy”. The stock of John Bean Technologies Corporation (NYSE:JBT) has “Hold” rating given on Monday, April 23 by Robert W. Baird. The stock has “Outperform” rating by BMO Capital Markets on Monday, March 5. Wells Fargo maintained it with “Outperform” rating and $130 target in Wednesday, February 28 report. The firm earned “Buy” rating on Thursday, January 18 by Wells Fargo. The stock has “Outperform” rating by BMO Capital Markets on Wednesday, May 9. Seaport Global downgraded it to “Hold” rating and $9400 target in Thursday, May 3 report. The rating was downgraded by Bank of America to “Underperform” on Friday, December 8.

More important recent John Bean Technologies Corporation (NYSE:JBT) news were published by: Seekingalpha.com which released: “John Bean Technologies’ (JBT) CEO Tom Giacomini on Q1 2018 Results – Earnings Call Transcript” on May 05, 2018, also Twst.com published article titled: “JBT – John Bean Technologies Corporation: JBT Corporation Declares Quarterly Dividend”, Fool.com published: “What JBT’s Doing to Accelerate Growth” on May 02, 2018. More interesting news about John Bean Technologies Corporation (NYSE:JBT) was released by: Prnewswire.com and their article: “JBT Corporation Reports First-Quarter 2018 Results” with publication date: May 01, 2018.

John Bean Technologies Corporation (NYSE:JBT) Institutional Positions Chart

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