Fintel reports that on December 12, 2024, CJS Securities initiated coverage of John Bean Technologies (NYSE:JBT) with a Market Outperform recommendation.
Analyst Price Forecast Suggests 6.13% Downside
As of December 3, 2024, the average one-year price target for John Bean Technologies is $119.34/share. The forecasts range from a low of $85.85 to a high of $148.05. The average price target represents a decrease of 6.13% from its latest reported closing price of $127.14 / share.
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The projected annual revenue for John Bean Technologies is 2,469MM, an increase of 45.84%. The projected annual non-GAAP EPS is 6.32.
What is the Fund Sentiment?
There are 643 funds or institutions reporting positions in John Bean Technologies. This is an increase of 25 owner(s) or 4.05% in the last quarter. Average portfolio weight of all funds dedicated to JBT is 0.22%, an increase of 1.50%. Total shares owned by institutions increased in the last three months by 11.66% to 47,542K shares. 
The put/call ratio of JBT is 1.54, indicating a bearish outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 2,023K shares representing 6.35% ownership of the company. In its prior filing, the firm reported owning 2,068K shares , representing a decrease of 2.20%. The firm decreased its portfolio allocation in JBT by 8.92% over the last quarter.
Champlain Investment Partners holds 1,357K shares representing 4.26% ownership of the company. In its prior filing, the firm reported owning 1,533K shares , representing a decrease of 12.93%. The firm decreased its portfolio allocation in JBT by 9.45% over the last quarter.
Wellington Management Group Llp holds 1,321K shares representing 4.15% ownership of the company. In its prior filing, the firm reported owning 1,243K shares , representing an increase of 5.92%. The firm decreased its portfolio allocation in JBT by 84.83% over the last quarter.
Alliancebernstein holds 1,232K shares representing 3.87% ownership of the company. In its prior filing, the firm reported owning 1,091K shares , representing an increase of 11.39%. The firm increased its portfolio allocation in JBT by 12.74% over the last quarter.
Kayne Anderson Rudnick Investment Management holds 1,202K shares representing 3.78% ownership of the company. In its prior filing, the firm reported owning 1,279K shares , representing a decrease of 6.41%. The firm decreased its portfolio allocation in JBT by 37.92% over the last quarter.
John Bean Technologies Background Information
(This description is provided by the company.)
JBT Corporation (NYSE: JBT) is a leading global technology solutions provider to high-value segments of the food & beverage industry with focus on proteins, liquid foods and automated system solutions. JBT designs, produces and services sophisticated products and systems for multi-national and regional customers through its FoodTech segment. JBT also sells critical equipment and services to domestic and international air transportation customers through its AeroTech segment. JBT Corporation employs approximately 6,200 people worldwide and operates sales, service, manufacturing and sourcing operations in more than 25 countries.
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