Everence Capital Management Inc. Uplifts Stake in John Bean Technologies Corp (JBT)

Everence Capital Management Inc. Uplifts Stake in John Bean Technologies Corp (JBT)

Everence Capital Management Inc. boosted its position in shares of John Bean Technologies Corp (NYSE:JBT) by 76.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,685 shares of the industrial products company’s stock after buying an additional 1,600 shares during the period. Everence Capital Management Inc.’s holdings in John Bean Technologies were worth $265,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Renaissance Group LLC increased its holdings in John Bean Technologies by 28.0% in the fourth quarter. Renaissance Group LLC now owns 4,183 shares of the industrial products company’s stock valued at $300,000 after buying an additional 915 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of John Bean Technologies by 787.9% during the fourth quarter. SG Americas Securities LLC now owns 7,725 shares of the industrial products company’s stock worth $555,000 after purchasing an additional 6,855 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of John Bean Technologies by 20.9% during the fourth quarter. Rhumbline Advisers now owns 92,311 shares of the industrial products company’s stock worth $6,629,000 after purchasing an additional 15,958 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of John Bean Technologies by 5.0% during the fourth quarter. Advisors Asset Management Inc. now owns 5,379 shares of the industrial products company’s stock worth $386,000 after purchasing an additional 256 shares during the last quarter. Finally, Xact Kapitalforvaltning AB grew its holdings in shares of John Bean Technologies by 16.5% during the fourth quarter. Xact Kapitalforvaltning AB now owns 5,651 shares of the industrial products company’s stock worth $406,000 after purchasing an additional 800 shares during the last quarter.

NYSE JBT opened at $77.71 on Tuesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.87 and a current ratio of 1.38. John Bean Technologies Corp has a 52-week low of $66.28 and a 52-week high of $123.90. The stock has a market cap of $2.50 billion, a P/E ratio of 25.07, a P/E/G ratio of 1.17 and a beta of 1.32.

Several equities analysts have issued reports on JBT shares. TheStreet lowered John Bean Technologies from a “b-” rating to a “c+” rating in a report on Monday, December 24th. Robert W. Baird dropped their price objective on John Bean Technologies from $119.00 to $95.00 and set a “hold” rating on the stock in a report on Friday, November 2nd. Zacks Investment Research raised John Bean Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, January 8th. Wells Fargo & Co lowered their price target on John Bean Technologies from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, December 7th. Finally, BMO Capital Markets lowered their price target on John Bean Technologies to $105.00 and set an “outperform” rating on the stock in a report on Thursday, November 29th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $96.71.

In related news, EVP Carlos Fernandez sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $80.56, for a total transaction of $80,560.00. Following the transaction, the executive vice president now owns 16,212 shares of the company’s stock, valued at $1,306,038.72. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.24% of the company’s stock.

John Bean Technologies Company Profile

John Bean Technologies Corporation designs, manufactures, tests, installs, and services products and systems for the food and beverage, and air transportation industries. The company operates through JBT FoodTech and JBT AeroTech segments. It provides chilling, mixing/grinding, injecting, marinating, tumbling, portioning, packaging, coating, frying, freezing, weighing solutions, X-ray food inspection, and packaging systems 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.

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