UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Holdings in John Bean Technologies Co. (NYSE:JBT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of John Bean Technologies Co. (NYSE:JBT) by 170.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 842,184 shares of the industrial products company’s stock after purchasing an additional 531,298 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in John Bean Technologies were worth $82,964,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Quantbot Technologies LP purchased a new stake in shares of John Bean Technologies during the third quarter worth $550,000. Charles Schwab Investment Management Inc. increased its holdings in John Bean Technologies by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 393,382 shares of the industrial products company’s stock worth $38,752,000 after purchasing an additional 11,474 shares during the period. Intech Investment Management LLC raised its position in John Bean Technologies by 139.3% in the 3rd quarter. Intech Investment Management LLC now owns 12,712 shares of the industrial products company’s stock valued at $1,252,000 after purchasing an additional 7,399 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of John Bean Technologies by 68.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,202 shares of the industrial products company’s stock worth $1,399,000 after buying an additional 5,749 shares during the period. Finally, Wrapmanager Inc. raised its holdings in John Bean Technologies by 6.2% in the third quarter. Wrapmanager Inc. now owns 3,537 shares of the industrial products company’s stock valued at $348,000 after acquiring an additional 206 shares in the last quarter. 98.92% of the stock is currently owned by institutional investors and hedge funds.

John Bean Technologies Trading Down 0.7 %

NYSE JBT opened at $125.17 on Tuesday. John Bean Technologies Co. has a 52 week low of $82.64 and a 52 week high of $127.31. The firm has a 50 day moving average of $109.75 and a two-hundred day moving average of $99.02. The company has a quick ratio of 2.00, a current ratio of 2.55 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $3.99 billion, a PE ratio of 23.22, a price-to-earnings-growth ratio of 1.75 and a beta of 1.22.

John Bean Technologies (NYSE:JBT) last issued its earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. The firm had revenue of $453.80 million during 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%. The company’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.11 earnings per share. As a group, research analysts expect that John Bean Technologies Co. will post 5.23 EPS for the current fiscal year.

John Bean Technologies 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.