John Bean Technologies Corp (JBT) Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. cut its holdings in John Bean Technologies Corp (NYSE:JBT) by 44.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,052 shares of the industrial products company’s stock after selling 8,143 shares during the period. Stanley Laman Group Ltd.’s holdings in John Bean Technologies were worth $1,114,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp boosted its position in shares of John Bean Technologies by 7.2% in the 2nd quarter. State Street Corp now owns 776,821 shares of the industrial products company’s stock worth $76,130,000 after buying an additional 51,939 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of John Bean Technologies by 7.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,014 shares of the industrial products company’s stock worth $2,354,000 after buying an additional 1,736 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of John Bean Technologies by 6.1% in the 3rd quarter. California Public Employees Retirement System now owns 74,245 shares of the industrial products company’s stock worth $7,506,000 after buying an additional 4,245 shares in the last quarter. American Century Companies Inc. boosted its position in shares of John Bean Technologies by 13.6% in the 3rd quarter. American Century Companies Inc. now owns 589,764 shares of the industrial products company’s stock worth $59,625,000 after buying an additional 70,721 shares in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC boosted its position in shares of John Bean Technologies by 1.4% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 163,790 shares of the industrial products company’s stock worth $16,559,000 after buying an additional 2,280 shares in the last quarter.

Several research firms recently commented on JBT. Zacks Investment Research lowered shares of John Bean Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Wells Fargo & Co set a $125.00 price objective on shares of John Bean Technologies and gave the stock a “buy” rating in a research report on Thursday, January 18th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $107.25.

John Bean Technologies Corp (JBT) opened at $118.85 on Monday. John Bean Technologies Corp has a one year low of $80.70 and a one year high of $120.55. The firm has a market cap of $3,751.83, a PE ratio of 41.85, a P/E/G ratio of 2.16 and a beta of 1.32. The company has a quick ratio of 0.82, a current ratio of 1.28 and a debt-to-equity ratio of 0.91.

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John Bean Technologies Profile

John Bean Technologies Corporation (JBT) is a technology solutions provider to the segments of the food and beverage industry with focus on proteins, liquid foods and automated system solutions. It operates through two segments: JBT FoodTech and JBT AeroTech. The JBT FoodTech segment designs, manufactures and services technologically food processing systems used for fruit juice production, frozen food production, in-container food production, automated systems and convenience food preparation by the food industry.

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

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