Mutual Of Omaha Bank Wealth Management Increased Target (TGT) Holding by $319,345; Stock Rose; Channing Capital Management Stake in John Bean Technologies (JBT) Lowered by $39.01 Million as Valuation Rose

April 20, 2018 - By Michael Collier

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Mutual Of Omaha Bank Wealth Management increased its stake in Target Corp (TGT) by 27.4% based on its latest 2017Q4 regulatory filing with the SEC. Mutual Of Omaha Bank Wealth Management bought 4,913 shares as the company’s stock rose 4.77% while stock markets declined. The institutional investor held 22,843 shares of the department and specialty retail stores company at the end of 2017Q4, valued at $1.49M, up from 17,930 at the end of the previous reported quarter. Mutual Of Omaha Bank Wealth Management who had been investing in Target Corp for a number of months, seems to be bullish on the $38.24 billion market cap company. The stock decreased 2.14% or $1.55 during the last trading session, reaching $70.98. About 5.82M shares traded. Target Corporation (NYSE:TGT) has risen 28.46% since April 20, 2017 and is uptrending. It has outperformed by 16.91% the S&P500.

Channing Capital Management Llc decreased its stake in John Bean Technologies Corp (JBT) by 66.96% based on its latest 2017Q4 regulatory filing with the SEC. Channing Capital Management Llc sold 354,629 shares as the company’s stock rose 2.62% while stock markets declined. The institutional investor held 175,003 shares of the industrial machinery and components company at the end of 2017Q4, valued at $19.39 million, down from 529,632 at the end of the previous reported quarter. Channing Capital Management Llc who had been investing in John Bean Technologies Corp for a number of months, seems to be less bullish one the $3.75 billion market cap company. The stock decreased 0.50% or $0.6 during the last trading session, reaching $118.8. About 141,044 shares traded. John Bean Technologies Corporation (NYSE:JBT) has risen 29.20% since April 20, 2017 and is uptrending. It has outperformed by 17.65% the S&P500.

Analysts await John Bean Technologies Corporation (NYSE:JBT) to report earnings on May, 1 after the close. They expect $0.36 earnings per share, down 38.98% or $0.23 from last year’s $0.59 per share. JBT’s profit will be $11.37 million for 82.50 P/E if the $0.36 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 -67.27% negative EPS growth.

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 has $130 highest and $75 lowest target. $103.43’s average target is -12.94% below currents $118.8 stock price. John Bean Technologies Corporation had 17 analyst reports since April 19, 2016 according to SRatingsIntel. William Blair initiated the stock with “Outperform” rating in Tuesday, April 19 report. BMO Capital Markets maintained John Bean Technologies Corporation (NYSE:JBT) rating on Tuesday, April 11. BMO Capital Markets has “Outperform” rating and $105 target. Sidoti upgraded the shares of JBT in report on Tuesday, February 28 to “Buy” rating. Bank of America downgraded John Bean Technologies Corporation (NYSE:JBT) on Friday, December 8 to “Underperform” rating. The firm earned “Buy” rating on Thursday, August 24 by Robert W. Baird. The rating was initiated by BB&T Capital with “Buy” on Friday, June 17. The firm has “Buy” rating given on Friday, October 13 by Robert W. Baird. J.P. Morgan initiated the shares of JBT in report on Friday, June 2 with “Hold” rating. The firm has “Neutral” rating given on Friday, December 2 by Sidoti. Robert W. Baird maintained John Bean Technologies Corporation (NYSE:JBT) on Wednesday, October 25 with “Outperform” rating.

Channing Capital Management Llc, which manages about $1.58B and $2.97 billion US Long portfolio, upped its stake in Rsp Permian Inc (NYSE:RSPP) by 17,067 shares to 118,275 shares, valued at $4.81M in 2017Q4, according to the filing. It also increased its holding in Rexnord Corp (NYSE:RXN) by 438,205 shares in the quarter, for a total of 2.82 million shares, and has risen its stake in Booz Allen Hamilton Holding Co (NYSE:BAH).

Investors sentiment decreased to 1.01 in Q4 2017. Its down 0.39, from 1.4 in 2017Q3. It fall, 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. State Of Tennessee Treasury Department stated it has 24,877 shares. National Bank & Trust Of Montreal Can has 0% invested in John Bean Technologies Corporation (NYSE:JBT) for 9,495 shares. Champlain Ptnrs Limited Co has 423,470 shares. 256,781 were accumulated by Principal Financial Group Inc. Reynders Mcveigh Limited Liability invested 0.14% of its portfolio in John Bean Technologies Corporation (NYSE:JBT). Gabelli Funds Ltd Liability Corp accumulated 11,000 shares. Fmr Ltd Liability Corp, a Massachusetts-based fund reported 563,726 shares. Credit Suisse Ag holds 38,895 shares. Credit Agricole S A holds 0.15% of its portfolio in John Bean Technologies Corporation (NYSE:JBT) for 19,800 shares. Stifel Corp owns 17,544 shares. Guggenheim Cap Limited Com reported 0% of its portfolio in John Bean Technologies Corporation (NYSE:JBT). Carroll Fincl Assoc Inc owns 92 shares for 0% of their portfolio. 266,210 are held by Epoch Inv Prns Incorporated. 4,414 are held by Susquehanna Llp. Lpl has invested 0% in John Bean Technologies Corporation (NYSE:JBT).

Among 29 analysts covering Target Corporation (NYSE:TGT), 11 have Buy rating, 3 Sell and 15 Hold. Therefore 38% are positive. Target Corporation had 89 analyst reports since July 21, 2015 according to SRatingsIntel. Citigroup initiated it with “Buy” rating and $88 target in Monday, November 9 report. The stock has “Underweight” rating by Morgan Stanley on Thursday, November 16. Nomura maintained the stock with “Neutral” rating in Thursday, May 19 report. The firm earned “Market Perform” rating on Friday, August 21 by BMO Capital Markets. The company was upgraded on Wednesday, January 10 by Susquehanna. The firm has “Outperform” rating given on Wednesday, February 14 by Robert W. Baird. Susquehanna maintained the stock with “Buy” rating in Monday, March 5 report. The stock of Target Corporation (NYSE:TGT) earned “Hold” rating by BMO Capital Markets on Tuesday, January 9. The rating was maintained by Citigroup on Thursday, August 18 with “Buy”. The firm has “Buy” rating by Credit Suisse given on Monday, February 26.

Mutual Of Omaha Bank Wealth Management, which manages about $371.28M US Long portfolio, decreased its stake in Spdr S&P 500 Etf Trust (SPY) by 2,610 shares to 283,764 shares, valued at $75.72 million in 2017Q4, according to the filing.

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

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