The stock of John Bean Technologies Corp (NYSE:JBT) reached all time high today, Nov, 14 and still has $133.55 target or 61.00% above today’s $82.95 share price. This indicates more upside for the $2.43 billion company. This technical setup was reported by Barchart.com. If the $133.55 PT is reached, the company will be worth $1.48 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 174,063 shares traded hands. John Bean Technologies Corp (NYSE:JBT) has risen 52.80% since April 12, 2016 and is uptrending. It has outperformed by 47.82% the S&P500.
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 firm has “Outperform” rating given on Tuesday, April 19 by William Blair. The firm has “Buy” rating given on Friday, June 17 by BB&T Capital.
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.
Virginia Retirement Et Al holds 0% or 3,700 shares in its portfolio. Peak6 Invs L P has invested 0% of its portfolio in John Bean Technologies Corp (NYSE:JBT). Moreover, Ubs Asset Mngmt Americas Inc has 0% invested in John Bean Technologies Corp (NYSE:JBT) for 20,904 shares. Arizona State Retirement Systems holds 0.01% or 15,133 shares in its portfolio. Blackrock Mgmt Ltd Co last reported 121,073 shares in the company. First Tru Advisors L P has 36,203 shares for 0.01% of their US portfolio. Royal Comml Bank Of Canada accumulated 0% or 754 shares. Td Asset Management holds 0% of its portfolio in John Bean Technologies Corp (NYSE:JBT) for 25,200 shares. Keeley Asset Mngmt Corp, a Illinois-based fund reported 765,058 shares. Moreover, Panagora Asset Mgmt Inc has 0% invested in John Bean Technologies Corp (NYSE:JBT) for 3,805 shares. Moreover, Granahan Invest Mngmt Ma has 1.1% invested in John Bean Technologies Corp (NYSE:JBT) for 493,267 shares. British Columbia Invest Management Corporation holds 0.02% or 40,000 shares in its portfolio. Baker Ellis Asset Mngmt Ltd Liability Co reported 38,638 shares or 0.74% of all its holdings. Blackrock accumulated 6,788 shares or 0% of the stock. Employees Retirement Association Of Colorado has invested 0% of its portfolio in John Bean Technologies Corp (NYSE:JBT).
Insider Transactions: Since August 2, 2016, the stock had 0 insider buys, and 3 sales for $785,688 net activity. Shares for $197,180 were sold by Montague Mark K on Monday, November 7. The insider Smith Steven R sold $199,500.
Another recent and important John Bean Technologies Corp (NYSE:JBT) news was published by Forbes.com which published an article titled: “Ex-Dividend Reminder: NVIDIA Corp, CA and John Bean Technologies Corp” on May 20, 2016.
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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