123,343 Shares in John Bean Technologies Co. (NYSE:JBT) Purchased by NFJ Investment Group LLC

NFJ Investment Group LLC bought a new position in shares of John Bean Technologies Co. (NYSE:JBT) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 123,343 shares of the industrial products company’s stock, valued at approximately $12,151,000. NFJ Investment Group LLC owned 0.39% of John Bean Technologies as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of JBT. CWM LLC lifted its holdings in shares of 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 purchasing an additional 172 shares during the period. Wolverine Asset Management LLC purchased a new position in John Bean Technologies during the third quarter valued at approximately $39,000. Lazard Asset Management LLC purchased a new position in John Bean Technologies during the first quarter valued at approximately $61,000. Innealta Capital LLC purchased a new position in John Bean Technologies during the second quarter valued at approximately $73,000. Finally, Kimelman & Baird LLC purchased a new position in John Bean Technologies during the second quarter valued at approximately $85,000. Institutional investors and hedge funds own 98.92% of the company’s stock.

John Bean Technologies Stock Performance

JBT stock traded down $0.74 during trading on Tuesday, hitting $124.43. 13,239 shares of the company traded hands, compared to its average volume of 281,502. The stock’s 50-day simple moving average is $109.75 and its 200 day simple moving average is $99.02. 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 company has a market cap of $3.96 billion, a PE ratio of 23.22, a P/E/G ratio of 1.75 and a beta of 1.24. John Bean Technologies Co. has a 1 year low of $82.64 and a 1 year high of $127.31.

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