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

Bamco Inc. NY raised its position in John Bean Technologies Co. (NYSE:JBT) by 3.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 700,000 shares of the industrial products company’s stock after acquiring an additional 25,000 shares during the period. Bamco Inc. NY owned approximately 2.20% of John Bean Technologies worth $68,957,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in JBT. CWM LLC lifted its position in John Bean Technologies by 113.2% in the second quarter. CWM LLC now owns 324 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 172 shares during the period. Wolverine Asset Management LLC purchased a new stake in shares of John Bean Technologies in the third quarter valued at approximately $39,000. Lazard Asset Management LLC purchased a new stake in shares of John Bean Technologies in the first quarter valued at approximately $61,000. Innealta Capital LLC acquired a new position in John Bean Technologies during the second quarter worth $73,000. Finally, Kimelman & Baird LLC purchased a new position in John Bean Technologies in the second quarter worth $85,000. Hedge funds and other institutional investors own 98.92% of the company’s stock.

John Bean Technologies Price Performance

Shares of NYSE JBT opened at $126.02 on Monday. The company’s fifty 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 quick ratio of 2.00 and a current ratio of 2.55. The firm has a market capitalization of $4.01 billion, a P/E ratio of 23.38, a PEG ratio of 1.75 and a beta of 1.22. John Bean Technologies Co. has a one year low of $82.64 and a one year high of $127.31.

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