Connor Clark & Lunn Investment Management Ltd. Raises Stake in John Bean Technologies Co. (NYSE:JBT)

Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of John Bean Technologies Co. (NYSE:JBT - Free Report) by 68.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,202 shares of the industrial products company's stock after buying an additional 5,749 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in John Bean Technologies were worth $1,399,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Wrapmanager Inc. increased its stake in shares of John Bean Technologies by 6.2% in the 3rd 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. Pathstone Holdings LLC boosted its holdings in shares of John Bean Technologies by 21.5% in the 3rd quarter. Pathstone Holdings LLC now owns 24,445 shares of the industrial products company's stock worth $2,408,000 after buying an additional 4,325 shares during the last quarter. Quest Partners LLC purchased a new position in shares of John Bean Technologies in the 3rd quarter worth about $1,344,000. Royce & Associates LP raised its stake in John Bean Technologies by 7.2% in the 3rd quarter. Royce & Associates LP now owns 858,523 shares of the industrial products company's stock valued at $84,573,000 after acquiring an additional 57,371 shares during the period. Finally, Zions Bancorporation N.A. raised its stake in John Bean Technologies by 16.8% in the 3rd quarter. Zions Bancorporation N.A. now owns 15,322 shares of the industrial products company's stock valued at $1,509,000 after acquiring an additional 2,199 shares during the period. 98.92% of the stock is currently owned by institutional investors and hedge funds.

John Bean Technologies Trading Up 0.1 %

Shares of JBT opened at $124.21 on Wednesday. The business's 50-day moving average price is $106.38 and its 200-day moving average price is $97.93. John Bean Technologies Co. has a twelve month low of $82.64 and a twelve month high of $125.59. The stock has a market cap of $3.95 billion, a PE ratio of 23.04, a P/E/G ratio of 1.72 and a beta of 1.22. The company has a quick ratio of 2.00, a current ratio of 2.55 and a debt-to-equity ratio of 0.41.

John Bean Technologies (NYSE:JBT - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $442.20 million. John Bean Technologies had a net margin of 10.25% and a return on equity of 10.16%. John Bean Technologies'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 earned $1.11 earnings per share. On average, equities analysts forecast that John Bean Technologies Co. will post 5.23 EPS for the current fiscal 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.