Edgewell Personal Care Company (EPC) Reaches $48.74 After 9.00% Up Move; Channing Capital Management Has Cut By $39.01 Million Its John Bean Technologies (JBT) Position

April 16, 2018 - By mmahotstuff

John Bean Technologies Corporation (NYSE:JBT) Logo

Channing Capital Management Llc decreased John Bean Technologies Corp (JBT) stake by 66.96% reported in 2017Q4 SEC filing. Channing Capital Management Llc sold 354,629 shares as John Bean Technologies Corp (JBT)’s stock rose 2.62%. The Channing Capital Management Llc holds 175,003 shares with $19.39 million value, down from 529,632 last quarter. John Bean Technologies Corp now has $3.61B valuation. The stock increased 0.95% or $1.075 during the last trading session, reaching $114.225. About 14,438 shares traded. John Bean Technologies Corporation (NYSE:JBT) has risen 29.20% since April 16, 2017 and is uptrending. It has outperformed by 17.65% the S&P500.

The stock of Edgewell Personal Care Company (NYSE:EPC) is a huge mover today! The stock increased 2.52% or $1.2 during the last trading session, reaching $48.74. About 119,028 shares traded. Edgewell Personal Care Company (NYSE:EPC) has declined 35.33% since April 16, 2017 and is downtrending. It has underperformed by 46.88% the S&P500.The move comes after 9 months positive chart setup for the $2.63B company. It was reported on Apr, 16 by Barchart.com. We have $53.13 PT which if reached, will make NYSE:EPC worth $236.88 million more.

Edgewell Personal Care Company manufactures and markets personal care products in the wet shave, sun and skin care, feminine care, and infant care categories the United States and internationally. The company has market cap of $2.63 billion. The firm operates in four divisions: Wet Shave, Sun and Skin Care, Feminine Care, and All Other. It currently has negative earnings. It offers Schick and Wilkinson Sword razor systems, including razor handles and refillable blades, and disposable shave products for men and women; and shave preparation products, such as shaving gels and creams under the Edge, Skintimate, and Shave Guard brands.

Analysts await Edgewell Personal Care Company (NYSE:EPC) to report earnings on May, 1. They expect $1.20 EPS, down 0.83% or $0.01 from last year’s $1.21 per share. EPC’s profit will be $64.80M for 10.15 P/E if the $1.20 EPS becomes a reality. After $0.20 actual EPS reported by Edgewell Personal Care Company for the previous quarter, Wall Street now forecasts 500.00% EPS growth.

Among 13 analysts covering Edgewell Personal Care Company (NYSE:EPC), 3 have Buy rating, 1 Sell and 9 Hold. Therefore 23% are positive. Edgewell Personal Care Company had 50 analyst reports since July 29, 2015 according to SRatingsIntel. The company was maintained on Thursday, July 6 by Jefferies. RBC Capital Markets maintained the shares of EPC in report on Thursday, February 8 with “Buy” rating. The rating was maintained by KeyBanc Capital Markets with “Hold” on Monday, September 4. The firm earned “Buy” rating on Friday, June 2 by RBC Capital Markets. The stock of Edgewell Personal Care Company (NYSE:EPC) has “Hold” rating given on Tuesday, October 17 by Jefferies. The rating was downgraded by Barclays Capital to “Underweight” on Friday, November 10. The stock of Edgewell Personal Care Company (NYSE:EPC) earned “Hold” rating by Deutsche Bank on Monday, November 16. On Monday, October 16 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. Wells Fargo maintained it with “Market Perform” rating and $59 target in Tuesday, December 19 report. On Thursday, January 4 the stock rating was maintained by Jefferies with “Hold”.

Channing Capital Management Llc increased Texas Capital Bancshares Inc (NASDAQ:TCBI) stake by 27,224 shares to 767,180 valued at $68.20 million in 2017Q4. It also upped Hillenbrand Inc (NYSE:HI) stake by 246,866 shares and now owns 1.70M shares. Aramark (NYSE:ARMK) was raised too.

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 17 analyst reports since April 19, 2016 according to SRatingsIntel. The company was maintained on Tuesday, April 11 by BMO Capital Markets. The stock of John Bean Technologies Corporation (NYSE:JBT) has “Buy” rating given on Friday, October 13 by Robert W. Baird. On Friday, June 17 the stock rating was initiated by BB&T Capital with “Buy”. The stock of John Bean Technologies Corporation (NYSE:JBT) has “Buy” rating given on Thursday, August 24 by Robert W. Baird. Wells Fargo maintained John Bean Technologies Corporation (NYSE:JBT) on Thursday, January 18 with “Buy” rating. The stock of John Bean Technologies Corporation (NYSE:JBT) earned “Hold” rating by J.P. Morgan on Friday, June 2. The stock of John Bean Technologies Corporation (NYSE:JBT) has “Outperform” rating given on Wednesday, October 25 by Robert W. Baird. Bank of America downgraded the stock to “Underperform” rating in Friday, December 8 report. The stock of John Bean Technologies Corporation (NYSE:JBT) has “Outperform” rating given on Wednesday, February 28 by Wells Fargo. The firm has “Buy” rating by Sidoti given on Tuesday, February 28.

Investors sentiment decreased to 1.01 in 2017 Q4. Its down 0.39, from 1.4 in 2017Q3. It dived, as 8 investors sold JBT shares while 86 reduced holdings. 31 funds opened positions while 64 raised stakes. 32.20 million shares or 1.39% less from 32.65 million shares in 2017Q3 were reported. Shine Inv Advisory invested 0.01% of its portfolio in John Bean Technologies Corporation (NYSE:JBT). Cambridge Inv Advsrs Inc accumulated 0% or 1,813 shares. Ameriprise accumulated 295,018 shares or 0.01% of the stock. D L Carlson Inv Gru Incorporated has 37,426 shares for 1.23% of their portfolio. Sei Invests holds 0.01% or 14,975 shares in its portfolio. Texas Permanent School Fund owns 21,339 shares. Federated Investors Pa has 0% invested in John Bean Technologies Corporation (NYSE:JBT). Asset Mgmt Inc reported 1,834 shares stake. Arizona State Retirement System invested in 0.06% or 53,057 shares. Westfield Cap Management LP holds 0.43% or 513,501 shares in its portfolio. Columbus Circle Investors invested in 284,426 shares. Public Sector Pension Invest Board, a Quebec – Canada-based fund reported 19,916 shares. Profund Advsr Ltd Liability Corporation holds 4,652 shares or 0.02% of its portfolio. Massachusetts-based Reynders Mcveigh Capital Llc has invested 0.14% in John Bean Technologies Corporation (NYSE:JBT). Everence Mngmt Inc invested 0.05% in John Bean Technologies Corporation (NYSE:JBT).

Analysts await John Bean Technologies Corporation (NYSE:JBT) to report earnings on April, 24. They expect $0.35 earnings per share, down 40.68% or $0.24 from last year’s $0.59 per share. JBT’s profit will be $11.05 million for 81.59 P/E if the $0.35 EPS becomes a reality. After $1.10 actual earnings per share reported by John Bean Technologies Corporation for the previous quarter, Wall Street now forecasts -68.18% negative EPS growth.

John Bean Technologies Corporation (NYSE:JBT) Institutional Positions Chart

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