John Bean Technologies (JBT) Upgraded by Zacks Investment Research to "Buy"

Elias Hubbard
December 18, 2017

Moody Aldrich Partners LLC now owns 11,949 shares of the industrial products company's stock valued at $1,208,000 after purchasing an additional 4,329 shares in the last quarter. John Bean Technologies's payout ratio is presently 14.81%.

John Bean Technologies (NYSE:JBT) traded up $2.35 during midday trading on Tuesday, reaching $112.35. About 168,413 shares traded or 1.67% up from the average. John Bean Technologies Corporation (NYSE:JBT) has risen 40.52% since December 14, 2016 and is uptrending. It has outperformed by 23.82% the S&P500. Capstone Asset Management holds 0.02% or 7,627 shares in its portfolio. Facebook Inc now has $523.57 billion valuation. The stock increased 2.24% or $1.11 during the last trading session, reaching $50.68. About 494,889 shares traded or 252.29% up from the average. Bank Mutual Corporation (NASDAQ:BKMU) has risen 16.23% since December 16, 2016 and is uptrending.

Investors sentiment decreased to 1.05 in Q2 2017. Its up 0.10, from 0.81 in 2017Q1. Comerica Bankshares invested in 33,263 shares. Sold All: 24 Reduced: 47 Increased: 97 New Position: 36. The institutional investor held 264,791 shares of the industrial machinery and components company at the end of 2017Q2, valued at $25.95M, up from 240,846 at the end of the previous reported quarter. Headinvest Ltd Liability Company reported 45,967 shares.

Investors sentiment decreased to 1.15 in 2017 Q2. Gsa Prns Llp stated it has 103,697 shares or 0.18% of all its holdings. Hl Svcs Ltd Limited Liability Company reported 7,812 shares. (NASDAQ:FB). 20,061 were accumulated by Strategic Ltd Liability Company. Moreover, Country Club Tru Na has 2.21% invested in General Electric Company (NYSE:GE) for 560,075 shares. The New York-based First Long Island Ltd has invested 3.1% in Facebook, Inc. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,330 shares of the industrial products company's stock worth $130,000 after purchasing an additional 114 shares in the last quarter. The industrial products company reported $0.82 EPS for the quarter, topping the Zacks' consensus estimate of $0.78 by $0.04.

JBT has been the topic of a number of recent analyst reports. It also reduced Jpmorgan Chase & Co (NYSE:JPM) stake by 32,532 shares and now owns 1.26 million shares. Navellier Assocs Incorporated owns 8,456 shares for 0.12% of their portfolio. GE's profit will be $2.43 billion for 15.91 P/E if the $0.28 EPS becomes a reality. After $1.33 actual EPS reported by AmerisourceBergen Corporation for the previous quarter, Wall Street now forecasts -0.75% negative EPS growth. The stock of John Bean Technologies Corporation (NYSE:JBT) has "Buy" rating given on Friday, June 17 by BB&T Capital. Therefore 40% are positive. 3M had 69 analyst reports since July 24, 2015 according to SRatingsIntel.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. On Thursday, May 12 the stock rating was initiated by JP Morgan with "Underweight". On Thursday, November 5 the stock rating was maintained by Jefferies with "Buy". As per Monday, July 17, the company rating was maintained by Cowen & Co. The company was maintained on Monday, September 11 by Deutsche Bank. The stock has "Sell" rating by Goldman Sachs on Wednesday, October 11. Barclays Capital maintained the shares of GE in report on Monday, October 5 with "Overweight" rating. The firm earned "Buy" rating on Thursday, April 28 by Jefferies. Texas Permanent School Fund has 0% invested in Bank Mutual Corporation (NASDAQ:BKMU) for 30,852 shares. Zions Bancorp (NASDAQ:ZION) was raised too. On Friday, August 18 the insider Rattigan Megan J sold $270,789. $2.66M worth of stock was bought by Flannery John Leonard on Tuesday, August 8.

Conestoga Capital Advisors Llc increased its stake in John Bean Technologies Corp (JBT) by 9.94% based on its latest 2017Q2 regulatory filing with the SEC. Therefore 53% are positive. John Bean Technologies Corporation has a 12 month low of $80.70 and a 12 month high of $120.55. Zacks Investment Research's target price would indicate a potential upside of 14.82% from the stock's current price. The rating was initiated by William Blair with "Outperform" on Tuesday, April 19. The stock of AmerisourceBergen Corporation (NYSE:ABC) earned "Neutral" rating by UBS on Friday, August 4.

Receive News & Ratings for John Bean Technologies Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for John Bean Technologies Corporation and related companies with's FREE daily email newsletter. Robert W. Baird maintained it with "Buy" rating and $101.0 target in Thursday, August 24 report. The firm earned "Buy" rating on Wednesday, April 12 by CL King. The firm now has a $129.00 target price on the industrial products company's stock. The stock of John Bean Technologies Corporation (NYSE:JBT) earned "Buy" rating by Robert W. Baird on Friday, October 13. The rating was maintained by Robert W. Baird with "Outperform" on Wednesday, October 25. The stock has "Underperform" rating by Bank of America on Friday, December 8. Two analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company.

Since August 2, 2017, it had 0 insider purchases, and 14 insider sales for $7.93 million activity. Westfield Capital Mgmt Lp has 0.44% invested in John Bean Technologies Corporation (NYSE:JBT) for 529,963 shares.

John Bean Technologies Corporation (NYSE:JBT) is expected to pay $0.10 on Dec 29, 2017.

Braun Stacey Associates Inc decreased Valmont Inds Inc Com (NYSE:VMI) stake by 5,205 shares to 2,640 valued at $395,000 in 2017Q2. It also upped Malibu Boats Inc (NASDAQ:MBUU) stake by 112,442 shares and now owns 300,046 shares. Taylor Morrison Home Corp (NYSE:TMHC) was raised too.

TRADEMARK VIOLATION WARNING: "John Bean Technologies (JBT) Upgraded by Zacks Investment Research to "Buy" was reported by The Lincolnian Online and is the property of of The Lincolnian Online. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.04. 387.02 million shares or 0.60% more from 384.71 million shares in 2017Q1 were reported.

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