John Bean Technologies Co. (NYSE:JBT) Shares Acquired by Royce & Associates LP

Royce & Associates LP grew its holdings in John Bean Technologies Co. (NYSE:JBT) by 7.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 858,523 shares of the industrial products company’s stock after purchasing an additional 57,371 shares during the period. John Bean Technologies comprises 0.8% of Royce & Associates LP’s portfolio, making the stock its 10th largest holding. Royce & Associates LP owned about 2.70% of John Bean Technologies worth $84,573,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC lifted its position in shares of John Bean Technologies by 113.2% in the 2nd quarter. CWM LLC now owns 324 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 172 shares during the period. Wolverine Asset Management LLC bought a new stake in John Bean Technologies in the third quarter valued at approximately $39,000. Lazard Asset Management LLC bought a new position in shares of John Bean Technologies during the 1st quarter valued at about $61,000. Innealta Capital LLC bought a new position in John Bean Technologies during the 2nd quarter worth about $73,000. Finally, Kimelman & Baird LLC bought a new stake in shares of John Bean Technologies in the second quarter worth $85,000. 98.92% of the stock is currently owned by hedge funds and other institutional investors.

John Bean Technologies Trading Down 2.6 %

John Bean Technologies stock opened at $117.75 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.00 and a current ratio of 2.55. John Bean Technologies Co. has a 52 week low of $82.64 and a 52 week high of $122.90. The stock has a 50-day simple moving average of $101.92 and a 200 day simple moving average of $96.47. The stock has a market capitalization of $3.75 billion, a P/E ratio of 21.85, a PEG ratio of 1.68 and a beta of 1.22.

John Bean Technologies (NYSE:JBT) last released its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.41 by $0.09. The business had revenue of $453.80 million for the quarter, compared to the consensus estimate of $442.20 million. John Bean Technologies had a net margin of 10.25% and a return on equity of 10.16%. John Bean Technologies’s revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.11 earnings per share. Analysts expect that John Bean Technologies Co. will post 5.23 earnings per share for the current year.

John Bean Technologies Company Profile

John Bean Technologies Corporation provides technology solutions to food and beverage industry in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It offers value-added processing that includes chilling, mixing/grinding, injecting, blending, marinating, tumbling, flattening, forming, portioning, coating, cooking, frying, freezing, extracting, pasteurizing, sterilizing, concentrating, high pressure processing, weighing, inspecting, filling, closing, sealing, end of line material handling, and packaging solutions to the food, beverage, and health market.