John Bean Tech Corporation (NYSE:JBT) Has Increase in Shorts

January 14, 2018 - By marketbeat

 John Bean Tech Corporation (NYSE:JBT) Has Increase in Shorts

Investors sentiment decreased to 1.4 in Q3 2017. Its down 0.47, from 1.87 in 2017Q2. It fall, as 11 investors sold John Bean Technologies Corporation shares while 62 reduced holdings. 21 funds opened positions while 81 raised stakes. 32.65 million shares or 5.07% more from 31.08 million shares in 2017Q2 were reported.
Metropolitan Life Insur Ny holds 21,259 shares. Dupont Capital Corporation holds 0.01% or 4,095 shares. Alabama-based Stanley has invested 0.49% in John Bean Technologies Corporation (NYSE:JBT). Bamco Incorporated, New York-based fund reported 773,300 shares. Sg Americas Secs Ltd Liability Co invested in 0.01% or 7,448 shares. Zacks Investment Mngmt holds 0.02% or 8,247 shares in its portfolio. Confluence Management Limited Liability Corp, a Missouri-based fund reported 27,540 shares. Amalgamated Comml Bank holds 4,323 shares. Parametric Portfolio Associate Limited Liability accumulated 115,080 shares. Glenmede Tru Communication Na holds 0% or 1,223 shares in its portfolio. Howe & Rusling stated it has 0.01% in John Bean Technologies Corporation (NYSE:JBT). Intrust Financial Bank Na has invested 0.09% in John Bean Technologies Corporation (NYSE:JBT). Hightower Advisors Ltd Llc holds 0% or 4,708 shares. Chesley Taft & Assocs Limited Co owns 5,275 shares. Braun Stacey Associates invested in 0.76% or 109,812 shares.

Since August 18, 2017, it had 0 insider buys, and 3 selling transactions for $1.31 million activity. 10,000 shares were sold by Smith Steven R, worth $867,795. $176,320 worth of John Bean Technologies Corporation (NYSE:JBT) shares were sold by DEVINE CAROLINE MAURY.

The stock of John Bean Tech Corporation (NYSE:JBT) registered an increase of 10.88% in short interest. JBT’s total short interest was 2.34 million shares in January as published by FINRA. Its up 10.88% from 2.11M shares, reported previously. With 140,900 shares average volume, it will take short sellers 17 days to cover their JBT’s short positions. The short interest to John Bean Tech Corporation’s float is 8.14%.

The stock increased 0.13% or $0.15 during the last trading session, reaching $111.9. About 74,839 shares traded. John Bean Technologies Corporation (NYSE:JBT) has risen 40.52% since January 14, 2017 and is uptrending. It has outperformed by 23.82% the S&P500.

John Bean Technologies Corporation designs, makes, tests, installs, and services products and systems for the food and beverage, and air transportation industries. The company has market cap of $3.53 billion. The firm operates through JBT FoodTech and JBT AeroTech divisions. It has a 41.51 P/E ratio. It provides chilling, mixing/grinding, injecting, marinating, tumbling, portioning, packaging, coating, frying, freezing, and weighing solutions 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.

John Bean Technologies Corporation (NYSE:JBT) Ratings Coverage

Among 10 analysts covering John Bean Technologies Corporation (NYSE:JBT), 7 have Buy rating, 1 Sell and 2 Hold. Therefore 70% are positive. John Bean Technologies Corporation had 14 analyst reports since April 19, 2016 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, February 28 by Sidoti. On Wednesday, April 12 the stock rating was upgraded by CL King to “Buy”. The firm has “Hold” rating by J.P. Morgan given on Friday, June 2. The firm has “Neutral” rating by Sidoti given on Friday, December 2. The stock has “Outperform” rating by Robert W. Baird on Wednesday, October 25. The stock of John Bean Technologies Corporation (NYSE:JBT) earned “Outperform” rating by BMO Capital Markets on Tuesday, April 11. The company was maintained on Thursday, August 24 by Robert W. Baird. The firm has “Buy” rating by Robert W. Baird given on Friday, October 13. BB&T Capital initiated John Bean Technologies Corporation (NYSE:JBT) on Friday, June 17 with “Buy” rating. On Tuesday, April 19 the stock rating was initiated by William Blair with “Outperform”.

More news for John Bean Technologies Corporation (NYSE:JBT) were recently published by: Seekingalpha.com, which released: “John Bean: Does The Roll-Up Strategy Still Have Legs?” on December 15, 2017. Nasdaq.com‘s article titled: “JBT Crosses Above Average Analyst Target” and published on December 28, 2017 is yet another important article.

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