Baker Ellis Asset Management decreased its stake in John Bean Technologies Corp (NYSE:JBT) by 4.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The hedge fund owned 58,003 shares of the company’s stock after selling 2,549 shares during the period. John Bean Technologies Corp accounts for about 1.0% of Baker Ellis Asset Management’s investment portfolio, making the stock its 23rd largest position. Baker Ellis Asset Management owned approximately 0.20% of John Bean Technologies Corp worth $2,890,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Capstone Asset Management Company boosted its position in John Bean Technologies Corp by 19.5% in the fourth quarter. Capstone Asset Management Company now owns 10,365 shares of the company’s stock worth $516,000 after buying an additional 1,690 shares during the period. Denali Advisors purchased a new position in John Bean Technologies Corp during the fourth quarter worth about $638,000. Eagle Asset Management purchased a new position in John Bean Technologies Corp during the third quarter worth about $8,558,000. Finally, Copper Rock Capital Partners purchased a new position in John Bean Technologies Corp during the fourth quarter worth about $23,114,000.

John Bean Technologies Corp (NYSE:JBT) opened at 43.25 on Thursday. The company has a market cap of $1.26 billion and a PE ratio of 25.77. The firm’s 50-day moving average price is $46.42 and its 200-day moving average price is $41.50. John Bean Technologies Corp has a 12-month low of $30.03 and a 12-month high of $51.34.

Separately, Zacks Investment Research cut John Bean Technologies Corp from a “buy” rating to a “hold” rating in a report on Tuesday, December 29th.

John Bean Technologies Corporation (NYSE:JBT) is a global technology solutions provider for the food processing and air transportation industries. The Company designs, manufactures, tests and services technological systems and products. The Company operates in two segments: JBT FoodTech and JBT AeroTech. JBT FoodTech is a supplier of customized industrial solutions and services used in the food processing industry. The product offerings of the Company’s FoodTech businesses include protein processing equipment, liquid foods processing equipment and automated systems. JBT AeroTech supplies customized solutions and services used for applications in the air transportation industry, including airport authorities, airlines, airfreight, and ground handling companies, and the military. The product offerings of the Company’s AeroTech businesses include mobile equipment, fixed equipment and airport services.

12 Month Chart for NYSE:JBT

Frustrated with your broker? Are you tired of paying high fees? Do you feel like you are getting ripped off by your stock broker? It's time for a change. Find out which brokerage is best for your personal trading style at the InvestorPlace Broker Center. Compare brokers at a glance in the InvestorPlace Broker Center (Click Here).

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