As John Bean Technologies Corpora (JBT) Stock Price Declined, Shareholder Champlain Investment Partners Trimmed Stake; Gates Capital Management Position In Eagle Materials (EXP) Was Lifted

June 19, 2018 - By Dolores Ford

Eagle Materials Inc. (NYSE:EXP) Logo

Champlain Investment Partners Llc decreased its stake in John Bean Technologies Corpora (JBT) by 23.66% based on its latest 2018Q1 regulatory filing with the SEC. Champlain Investment Partners Llc sold 100,205 shares as the company’s stock declined 27.64% with the market. The institutional investor held 323,265 shares of the industrial machinery and components company at the end of 2018Q1, valued at $36.66 million, down from 423,470 at the end of the previous reported quarter. Champlain Investment Partners Llc who had been investing in John Bean Technologies Corpora for a number of months, seems to be less bullish one the $2.83B market cap company. The stock decreased 0.61% or $0.55 during the last trading session, reaching $89.25. About 108,774 shares traded. John Bean Technologies Corporation (NYSE:JBT) has risen 2.61% since June 19, 2017 and is uptrending. It has underperformed by 9.96% the S&P500. Some Historical JBT News: 19/04/2018 – CAFC: JOHN BEAN TECHNOLOGIES v. MORRIS & ASSOCIATES INC [OPINION] – Appeal #17-1502 – 2018-04-19; 01/05/2018 – JBT SEES FY ADJ EPS $3.95 TO $4.15, EST. $3.94; 01/05/2018 – John Bean Technologies Sees 2Q Cont Ops EPS 80c-EPS 87c; 24/04/2018 – JBT Closes Below 50-Day Moving Average: Technicals; 01/05/2018 – John Bean Technologies 1Q Rev $409.2M; 01/05/2018 – JBT 1Q REV. $409.2M, EST. $373.1M; 01/05/2018 – John Bean Technologies Sees FY18 Adj EPS $3.95-Adj EPS $4.15; 21/04/2018 – DJ John Bean Technologies Corporation, Inst Holders, 1Q 2018 (JBT); 01/05/2018 – JBT Corp Begins Restructuring Program of About $50M; 01/05/2018 – JBT 1Q ADJ EPS CONT OPS 34C

Jeffrey Gates increased its stake in Eagle Materials Inc (EXP) by 9.33% based on its latest 2018Q1 regulatory filing with the SEC. Gates Capital Management Inc bought 72,521 shares as the company’s stock rose 1.87% while stock markets declined. The hedge fund run by Jeffrey Gates held 850,178 shares of the building materials company at the end of 2018Q1, valued at $87.61M, up from 777,657 at the end of the previous reported quarter. Gates Capital Management Inc who had been investing in Eagle Materials Inc for a number of months, seems to be bullish on the $5.39 billion market cap company. The stock increased 0.07% or $0.08 during the last trading session, reaching $112.3. About 394,516 shares traded. Eagle Materials Inc. (NYSE:EXP) has risen 12.50% since June 19, 2017 and is uptrending. It has underperformed by 0.07% the S&P500. Some Historical EXP News: 10/04/2018 – Trinity Industries, Inc. Announces Date for Earnings Release; 15/05/2018 – Eagle Materials 4Q Net $37M; 02/04/2018 – Fidelity Select Materials Exits Ball, Cuts Eagle Materials; 20/04/2018 – DJ Eagle Materials Inc, Inst Holders, 1Q 2018 (EXP); 08/03/2018 Trinity Industries, Inc. Declares Quarterly Dividend; 24/05/2018 – Eagle Materials Declares Quarterly Dividend; 11/05/2018 – EAGLE MATERIALS – EFFECTIVE MAY 8 UNIT, GROUP OF HOMEBUILDER PLAINTIFFS ENTERED AGREEMENT TO SETTLE ALL CLAIMS MADE AGAINST UNIT BY PLAINTIFFS; 09/03/2018 – Eagle Materials Closes Above 200-Day Moving Average: Technicals; 15/05/2018 – Eagle Materials 4Q EPS 76c; 15/05/2018 – Eagle Materials Inc. Reports Fiscal Year EPS up 29% on Record Revenue

Since May 14, 2018, it had 2 insider purchases, and 0 selling transactions for $113,850 activity. Another trade for 300 shares valued at $25,933 was bought by KAWALEK POLLY B.

Champlain Investment Partners Llc, which manages about $6.04B and $9.25 billion US Long portfolio, upped its stake in J & J Snack Foods Corp. (NASDAQ:JJSF) by 9,915 shares to 163,125 shares, valued at $22.28 million in 2018Q1, according to the filing. It also increased its holding in Edwards Lifesciences Corporati (NYSE:EW) by 63,685 shares in the quarter, for a total of 564,025 shares, and has risen its stake in International Flavors & Fragra (NYSE:IFF).

Analysts await John Bean Technologies Corporation (NYSE:JBT) to report earnings on July, 30. They expect $1.05 EPS, up 81.03% or $0.47 from last year’s $0.58 per share. JBT’s profit will be $33.32M for 21.25 P/E if the $1.05 EPS becomes a reality. After $0.34 actual EPS reported by John Bean Technologies Corporation for the previous quarter, Wall Street now forecasts 208.82% EPS growth.

Investors sentiment decreased to 0.76 in 2018 Q1. Its down 0.25, from 1.01 in 2017Q4. It is negative, as 14 investors sold JBT shares while 94 reduced holdings. 24 funds opened positions while 58 raised stakes. 32.31 million shares or 0.35% more from 32.20 million shares in 2017Q4 were reported. Eulav Asset Mgmt has 13,100 shares. Geode Mngmt Limited Liability Company reported 0.01% in John Bean Technologies Corporation (NYSE:JBT). Global X Limited Liability Company, a New York-based fund reported 561,963 shares. Stifel Financial accumulated 12,861 shares. Royal Comml Bank Of Canada reported 138,073 shares. Focused Wealth Mngmt holds 14 shares or 0% of its portfolio. Moreover, Gamco Investors Inc Et Al has 0.01% invested in John Bean Technologies Corporation (NYSE:JBT) for 12,760 shares. Metropolitan Life Insurance New York stated it has 10,040 shares. Wellington Mngmt Grp Ltd Liability Partnership, a Massachusetts-based fund reported 708,741 shares. Ls Advisors Limited Liability Corporation reported 1,795 shares. Putnam Limited Liability invested 0.02% in John Bean Technologies Corporation (NYSE:JBT). Dorsey & Whitney Ltd Liability Corp owns 0.06% invested in John Bean Technologies Corporation (NYSE:JBT) for 2,657 shares. Gotham Asset Mgmt Limited Liability has invested 0% in John Bean Technologies Corporation (NYSE:JBT). Deutsche Retail Bank Ag stated it has 0% of its portfolio in John Bean Technologies Corporation (NYSE:JBT). The Australia-based Macquarie Gp has invested 0% in John Bean Technologies Corporation (NYSE:JBT).

Among 11 analysts covering John Bean Technologies Corporation (NYSE:JBT), 6 have Buy rating, 1 Sell and 4 Hold. Therefore 55% are positive. John Bean Technologies Corporation had 22 analyst reports since April 19, 2016 according to SRatingsIntel. The stock of John Bean Technologies Corporation (NYSE:JBT) earned “Outperform” rating by Robert W. Baird on Wednesday, October 25. The stock has “Outperform” rating by BMO Capital Markets on Tuesday, April 11. Robert W. Baird downgraded the shares of JBT in report on Monday, April 23 to “Hold” rating. The stock of John Bean Technologies Corporation (NYSE:JBT) has “Buy” rating given on Thursday, January 18 by Wells Fargo. As per Friday, June 17, the company rating was initiated by BB&T Capital. William Blair initiated the shares of JBT in report on Tuesday, April 19 with “Outperform” rating. Wells Fargo maintained the shares of JBT in report on Thursday, May 3 with “Buy” rating. The company was maintained on Wednesday, May 9 by BMO Capital Markets. Bank of America downgraded the stock to “Underperform” rating in Friday, December 8 report. The stock of John Bean Technologies Corporation (NYSE:JBT) earned “Buy” rating by Sidoti on Tuesday, February 28.

Among 12 analysts covering Eagle Materials (NYSE:EXP), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Eagle Materials had 33 analyst reports since August 5, 2015 according to SRatingsIntel. Standpoint Research initiated Eagle Materials Inc. (NYSE:EXP) on Monday, March 28 with “Accumulate” rating. The company was upgraded on Monday, March 28 by BB&T Capital. The stock has “Neutral” rating by Citigroup on Monday, December 5. The rating was maintained by Stifel Nicolaus on Wednesday, January 31 with “Buy”. The firm has “Buy” rating given on Tuesday, December 15 by Citigroup. Stephens maintained Eagle Materials Inc. (NYSE:EXP) rating on Tuesday, February 6. Stephens has “Buy” rating and $132.0 target. CL King upgraded the stock to “Strong Buy” rating in Monday, December 14 report. On Friday, November 20 the stock rating was downgraded by Goldman Sachs to “Neutral”. Stifel Nicolaus maintained Eagle Materials Inc. (NYSE:EXP) on Wednesday, August 5 with “Buy” rating. The rating was upgraded by Standpoint Research on Tuesday, October 4 to “Buy”.

Investors sentiment is 1.13 in Q1 2018. Its the same as in 2017Q4. It is without change, as 31 investors sold EXP shares while 94 reduced holdings. only 45 funds opened positions while 96 raised stakes. 44.53 million shares or 2.85% less from 45.84 million shares in 2017Q4 were reported. Parametric Assocs Limited Liability Com owns 53,596 shares. Fiera Cap Corp holds 0.16% or 319,213 shares. Hightower Advisors Limited Liability Co invested 0.03% in Eagle Materials Inc. (NYSE:EXP). Prudential Fincl Inc holds 130,160 shares. Hodges Inc has invested 3.56% in Eagle Materials Inc. (NYSE:EXP). Retirement Systems Of Alabama reported 125,287 shares or 0.06% of all its holdings. Ranger Management LP holds 4,578 shares or 0.03% of its portfolio. Frontier Cap Mngmt Company Ltd Llc holds 1.21M shares or 0.91% of its portfolio. 10,000 were reported by Anchor Cap Advsr Lc. Skylands Capital Ltd Com owns 88,100 shares or 1.2% of their US portfolio. Hennessy Advsrs reported 9,770 shares. Northwestern Mutual Wealth Management invested in 0% or 36 shares. Perigon Wealth Management Ltd Liability Corporation invested in 1.34% or 35,315 shares. Susquehanna Gru Llp has invested 0% in Eagle Materials Inc. (NYSE:EXP). Daiwa Inc reported 38,600 shares.

Another recent and important Eagle Materials Inc. (NYSE:EXP) news was published by 247Wallst.com which published an article titled: “Top Analyst Upgrades and Downgrades: Applied Materials, Comcast, HUYA, Sprint, Time Warner, Yelp and More” on June 13, 2018.

Gates Capital Management Inc, which manages about $3.48 billion and $4.42 billion US Long portfolio, decreased its stake in Fortive Corp by 292,376 shares to 702,484 shares, valued at $54.46M in 2018Q1, according to the filing. It also reduced its holding in Darling Ingredients Inc (NYSE:DAR) by 476,207 shares in the quarter, leaving it with 1.50 million shares, and cut its stake in Hilton Grand Vacations Inc.

Since May 15, 2018, it had 0 insider buys, and 4 insider sales for $3.32 million activity. 10,000 shares were sold by Kesler Dale Craig, worth $1.09M.

Eagle Materials Inc. (NYSE:EXP) Institutional Positions Chart

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