Campbell & CO Investment Adviser LLC Makes New $936,000 Investment in John Bean Technologies Corp (NYSE:JBT)

Campbell & CO Investment Adviser LLC bought a new position in shares of John Bean Technologies Corp (NYSE:JBT) in the 3rd quarter, HoldingsChannel.com reports. The fund bought 9,414 shares of the industrial products company’s stock, valued at approximately $936,000.

A number of other hedge funds have also bought and sold shares of the business. Diversified Trust Co increased its stake in John Bean Technologies by 16.4% during the third quarter. Diversified Trust Co now owns 4,802 shares of the industrial products company’s stock worth $477,000 after acquiring an additional 675 shares during the last quarter. Roubaix Capital LLC acquired a new stake in John Bean Technologies during the third quarter worth $1,603,000. State of Alaska Department of Revenue increased its stake in John Bean Technologies by 126.7% during the third quarter. State of Alaska Department of Revenue now owns 24,416 shares of the industrial products company’s stock worth $2,427,000 after acquiring an additional 13,648 shares during the last quarter. BlackRock Inc. increased its stake in John Bean Technologies by 4.5% during the second quarter. BlackRock Inc. now owns 4,728,466 shares of the industrial products company’s stock worth $572,760,000 after acquiring an additional 205,371 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in John Bean Technologies by 12.2% during the second quarter. Royal Bank of Canada now owns 21,145 shares of the industrial products company’s stock worth $2,562,000 after acquiring an additional 2,307 shares during the last quarter.

JBT has been the subject of several research analyst reports. ValuEngine lowered John Bean Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. raised their price target on John Bean Technologies from $90.00 to $96.00 and gave the stock an “underweight” rating in a research report on Thursday, October 10th. Finally, Wells Fargo & Co raised their price target on John Bean Technologies from $125.00 to $140.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. John Bean Technologies currently has a consensus rating of “Hold” and an average target price of $108.20.

In other news, Director Caroline Maury Devine sold 300 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $109.19, for a total transaction of $32,757.00. Following the completion of the transaction, the director now directly owns 49,946 shares in the company, valued at $5,453,603.74. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP James L. Marvin sold 1,500 shares of John Bean Technologies stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $100.12, for a total value of $150,180.00. Following the completion of the transaction, the executive vice president now owns 18,313 shares of the company’s stock, valued at $1,833,497.56. The disclosure for this sale can be found here. Company insiders own 2.23% of the company’s stock.

Shares of JBT traded up $2.11 during midday trading on Wednesday, hitting $107.08. 70,545 shares of the stock were exchanged, compared to its average volume of 203,100. John Bean Technologies Corp has a 52-week low of $66.28 and a 52-week high of $127.97. The stock has a fifty day simple moving average of $102.47 and a 200 day simple moving average of $107.83. The firm has a market cap of $3.21 billion, a P/E ratio of 25.02, a P/E/G ratio of 2.87 and a beta of 1.47. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.94 and a current ratio of 1.48.

John Bean Technologies (NYSE:JBT) last released its quarterly earnings results on Monday, July 29th. The industrial products company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.07 by $0.35. John Bean Technologies had a return on equity of 33.68% and a net margin of 6.36%. The business had revenue of $493.30 million during the quarter, compared to analyst estimates of $481.04 million. During the same period last year, the business posted $1.24 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. As a group, equities research analysts forecast that John Bean Technologies Corp will post 4.83 EPS for the current fiscal year.

About John Bean Technologies

John Bean Technologies Corporation provides technology solutions to food and beverage industry and equipment and services to 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, 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.

Read More: How to execute a trade ex-dividend strategy?

Want to see what other hedge funds are holding JBT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for John Bean Technologies Corp (NYSE:JBT).

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

Receive News & Ratings for John Bean Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for John Bean Technologies and related companies with MarketBeat.com's FREE daily email newsletter.