Citigroup Inc. Sells 933,903 Shares of John Bean Technologies Co. (NYSE:JBT)

Citigroup Inc. reduced its position in shares of John Bean Technologies Co. (NYSE:JBT - Free Report) by 95.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 41,865 shares of the industrial products company's stock after selling 933,903 shares during the period. Citigroup Inc. owned about 0.13% of John Bean Technologies worth $4,124,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in JBT. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in John Bean Technologies by 57.5% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,279,425 shares of the industrial products company's stock valued at $121,507,000 after purchasing an additional 466,846 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in John Bean Technologies by 91.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 188,122 shares of the industrial products company's stock valued at $17,866,000 after purchasing an additional 89,604 shares during the last quarter. Natixis Advisors LLC lifted its holdings in John Bean Technologies by 69.4% during the 2nd quarter. Natixis Advisors LLC now owns 209,662 shares of the industrial products company's stock valued at $19,912,000 after purchasing an additional 85,910 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in John Bean Technologies by 37.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 236,865 shares of the industrial products company's stock valued at $22,495,000 after purchasing an additional 64,280 shares during the last quarter. Finally, Royce & Associates LP lifted its holdings in John Bean Technologies by 7.2% during the 3rd quarter. Royce & Associates LP now owns 858,523 shares of the industrial products company's stock valued at $84,573,000 after purchasing an additional 57,371 shares during the last quarter. 98.92% of the stock is owned by institutional investors.

John Bean Technologies Price Performance

Shares of NYSE JBT traded down $0.19 during trading on Wednesday, reaching $123.92. The company had a trading volume of 351,162 shares, compared to its average volume of 282,688. John Bean Technologies Co. has a 52 week low of $82.64 and a 52 week high of $127.31. The stock has a market cap of $3.95 billion, a PE ratio of 23.04, a PEG ratio of 1.74 and a beta of 1.24. 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 business's 50 day moving average price is $110.35 and its 200-day moving average price is $99.24.

John Bean Technologies (NYSE:JBT - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.09. The company 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% on a year-over-year basis. During the same period in the previous year, the firm 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 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.