BlackRock Amends JBT Stake: Now Owns 9.6% of Common Stock
Ticker: JBTM · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 1433660
| Field | Detail |
|---|---|
| Company | John Bean Technologies Corp (JBTM) |
| Form Type | SC 13G/A |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock still owns 9.6% of JBT, a strong vote of confidence from a major player.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 22, 2024, disclosing its ownership in John Bean Technologies Corporation (JBT). As of December 31, 2023, BlackRock beneficially owned 3,090,140 shares of JBT's Common Stock, representing 9.6% of the company. This is an amendment (Amendment No. 3) to their previous filings, indicating a change in their holding percentage. This matters to investors because BlackRock is a major institutional investor, and changes in their stake can signal their confidence in JBT's future performance.
Why It Matters
This filing shows BlackRock, a major institutional investor, continues to hold a significant stake in John Bean Technologies, signaling their ongoing confidence in the company's long-term prospects. A large institutional holding can provide stability and attract other investors.
Risk Assessment
Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility and risk for the stock.
Analyst Insight
A smart investor would view BlackRock's continued significant ownership (9.6%) as a positive signal, suggesting confidence in JBT's long-term value, and might consider JBT for a stable, long-term portfolio position.
Key Numbers
- 3,090,140 — Shares Owned (The total number of JBT common shares beneficially owned by BlackRock as of December 31, 2023.)
- 9.6% — Ownership Percentage (The percentage of JBT's common stock that BlackRock beneficially owns, indicating a significant stake.)
- December 31, 2023 — Reporting Date (The specific date for which the ownership data is reported, providing a clear snapshot of BlackRock's position.)
- Amendment No: 3 — Filing Amendment Number (Indicates this is the third amendment to BlackRock's Schedule 13G filing for JBT, suggesting previous changes in ownership.)
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- John Bean Technologies Corporation (company) — the subject company whose stock is being reported
- 3,090,140 (dollar_amount) — number of shares beneficially owned by BlackRock
- 9.6% (dollar_amount) — percentage of John Bean Technologies' common stock owned by BlackRock
- December 31, 2023 (date) — the date of the event requiring this filing
- January 22, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- BlackRock will maintain a significant stake in JBT, likely above 5%, for the foreseeable future. (BlackRock, Inc.) — high confidence, target: December 31, 2024
- JBT's stock price will experience continued stability due to strong institutional backing. (John Bean Technologies Corporation) — medium confidence, target: June 30, 2024
FAQ
What is the purpose of this SC 13G/A filing by BlackRock, Inc.?
BlackRock, Inc. filed this SC 13G/A as an amendment (Amendment No: 3) to report its beneficial ownership of Common Stock in John Bean Technologies Corporation, as required by Rule 13d-1(b) of the Securities Exchange Act of 1934.
How many shares of John Bean Technologies Corporation does BlackRock, Inc. beneficially own according to this filing?
As of December 31, 2023, BlackRock, Inc. beneficially owned 3,090,140 shares of John Bean Technologies Corporation's Common Stock.
What percentage of John Bean Technologies Corporation's Common Stock does BlackRock, Inc. own?
BlackRock, Inc. beneficially owns 9.6% of the Common Stock of John Bean Technologies Corporation.
What was the 'Date of Event Which Requires Filing of this Statement' for this SC 13G/A?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as stated on the cover page of the filing.
What is the CUSIP Number for John Bean Technologies Corporation's Common Stock mentioned in the filing?
The CUSIP Number for John Bean Technologies Corporation's Common Stock is 477839104, as listed on the cover page of the Schedule 13G.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding John Bean Technologies CORP (JBTM).