The stock of John Bean Technologies Corp (NYSE:JBT) is a huge mover today! About 259,463 shares traded hands or 95.52% up from the average. John Bean Technologies Corp (NYSE:JBT) has risen 34.13% since February 29, 2016 and is uptrending. It has outperformed by 21.91% the S&P500.
The move comes after 6 months positive chart setup for the $2.18 billion company. It was reported on Oct, 4 by Barchart.com. We have $113.03 PT which if reached, will make NYSE:JBT worth $1.20B more.
Analysts await John Bean Technologies Corp (NYSE:JBT) to report earnings on October, 25. They expect $0.53 EPS, up 23.26% or $0.10 from last year’s $0.43 per share. JBT’s profit will be $15.84 million for 34.40 P/E if the $0.53 EPS becomes a reality. After $0.67 actual EPS reported by John Bean Technologies Corp for the previous quarter, Wall Street now forecasts -20.90% negative EPS growth.
John Bean Technologies Corp (NYSE:JBT) Ratings Coverage
Out of 2 analysts covering John Bean Technologies Corporation (NYSE:JBT), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. John Bean Technologies Corporation has been the topic of 2 analyst reports since April 19, 2016 according to StockzIntelligence Inc. The company was initiated on Tuesday, April 19 by William Blair. On Friday, June 17 the stock rating was initiated by BB&T Capital with “Buy”.
According to Zacks Investment Research, “JOHN BEAN TECHNOLOGIES CORPORATION is a leading global solutions provider to the food processing and air transportation industries. The Company designs, manufactures, tests and services technologically sophisticated systems and products for regional and multi-national industrial food processing customers through its JBT FoodTech segment and for domestic and international air transportation customers through its JBT AeroTech segments.”
Insitutional Activity: The institutional sentiment increased to 1.37 in Q2 2016. Its up 0.40, from 0.97 in 2016Q1. The ratio is positive, as 17 funds sold all John Bean Technologies Corp shares owned while 64 reduced positions. 37 funds bought stakes while 74 increased positions. They now own 28.58 million shares or 3.13% less from 29.50 million shares in 2016Q1.
Westfield Capital Mngmt Com Lp, a Massachusetts-based fund reported 628,965 shares. Columbus Circle owns 394,884 shares or 0.24% of their US portfolio. Stifel Financial accumulated 0% or 6,677 shares. Public Employees Retirement Association Of Colorado accumulated 0% or 8,561 shares. American Century Incorporated has 81,088 shares for 0.01% of their US portfolio. Blackrock Fund Advisors accumulated 1.84M shares or 0.02% of the stock. Prescott Gp Cap Mgmt Limited Co, a Oklahoma-based fund reported 10,233 shares. Louisiana State Employees Retirement Sys last reported 0.04% of its portfolio in the stock. Castleark Mngmt Limited Liability Corp has invested 0.28% of its portfolio in John Bean Technologies Corp (NYSE:JBT). The Illinois-based Hightower Advisors Ltd Llc has invested 0.01% in John Bean Technologies Corp (NYSE:JBT). Cubist Systematic Strategies Limited Liability accumulated 3,786 shares or 0.01% of the stock. Moreover, Kcg Hldg has 0% invested in John Bean Technologies Corp (NYSE:JBT) for 3,532 shares. Systematic Financial Mngmt Ltd Partnership owns 5,765 shares or 0% of their US portfolio. Profit Invest Llc accumulated 37,092 shares or 1.84% of the stock. State Board Of Administration Of Florida Retirement, a Florida-based fund reported 19,869 shares.
Insider Transactions: Since August 2, 2016, the stock had 0 insider buys, and 1 insider sale for $199,500 net activity. Another trade for 3,000 shares valued at $199,500 was sold by Smith Steven R.
More recent John Bean Technologies Corp (NYSE:JBT) news were published by: Quotes.Wsj.com which released: “News John Bean Technologies Corp.JBT” on February 11, 2011. Also Twst.com published the news titled: “JBT – John Bean Technologies Corporation: JBT Corporation Signs Definitive …” on October 03, 2016. Prnewswire.com‘s news article titled: “JBT Corporation Declares Quarterly Dividend” with publication date: August 23, 2016 was also an interesting one.
JBT Company Profile
John Bean Technologies Corporation (JBT), incorporated on May 12, 1994, is a technology solutions well-known provider to the divisions of the food processing and air transportation industries. The Firm designs, makes, tests and services technological systems and products. The Firm operates through two divisions: JBT FoodTech and JBT AeroTech. JBT FoodTech markets its solutions and services to multinational and regional industrial food and beverage companies. The product offerings of its FoodTech businesses include Protein, Liquid Foods and Automated Systems. JBT AeroTech markets its solutions and services to domestic and international airport authorities, passenger airlines, airfreight and ground handling companies, military forces and defense contractors. The product offerings of its AeroTech businesses include Mobile Equipment, Fixed Equipment and Airport Services.
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