John Bean Technologies Co. (NYSE:JBT) Shares Acquired by Bamco Inc. NY

Bamco Inc. NY lifted its holdings in shares of John Bean Technologies Co. (NYSE:JBT) by 3.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 700,000 shares of the industrial products company’s stock after purchasing an additional 25,000 shares during the period. Bamco Inc. NY’s holdings in John Bean Technologies were worth $68,957,000 as of its most recent SEC filing.

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

John Bean Technologies Price Performance

John Bean Technologies stock opened at $126.02 on Monday. The firm’s 50-day moving average is $109.08 and its two-hundred day moving average is $98.78. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.55 and a quick ratio of 2.00. The stock has a market capitalization of $4.01 billion, a P/E ratio of 23.38, a P/E/G ratio of 1.75 and a beta of 1.22. John Bean Technologies Co. has a 12-month low of $82.64 and a 12-month high of $127.31.

John Bean Technologies (NYSE:JBT) last released its earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.41 by $0.09. John Bean Technologies had a net margin of 10.25% and a return on equity of 10.16%. The firm had revenue of $453.80 million during the quarter, compared to analysts’ expectations of $442.20 million. During the same period in the previous year, the company earned $1.11 EPS. John Bean Technologies’s revenue for the quarter was up 12.4% on a year-over-year basis. Equities analysts predict that John Bean Technologies Co. will post 5.23 earnings per share for the current year.

About John Bean Technologies

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.