John Bean Technologies Co. (NYSE:JBT) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC lifted its holdings in shares of John Bean Technologies Co. (NYSE:JBT - Free Report) by 139.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,712 shares of the industrial products company's stock after buying an additional 7,399 shares during the period. Intech Investment Management LLC's holdings in John Bean Technologies were worth $1,252,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of JBT. CWM LLC increased its position in John Bean Technologies by 113.2% during the 2nd quarter. CWM LLC now owns 324 shares of the industrial products company's stock worth $31,000 after purchasing an additional 172 shares in the last quarter. Wolverine Asset Management LLC acquired a new position in shares of John Bean Technologies in the third quarter valued at approximately $39,000. Lazard Asset Management LLC purchased a new position in shares of John Bean Technologies during the first quarter valued at approximately $61,000. Innealta Capital LLC acquired a new stake in John Bean Technologies during the second quarter worth approximately $73,000. Finally, Kimelman & Baird LLC purchased a new stake in John Bean Technologies in the 2nd quarter worth approximately $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 $124.21 on Wednesday. The business has a fifty day simple moving average of $107.05 and a 200-day simple moving average of $98.14. John Bean Technologies Co. has a 52 week low of $82.64 and a 52 week high of $125.59. The company has a market cap of $3.95 billion, a P/E 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 announced 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. John Bean Technologies had a net margin of 10.25% and a return on equity of 10.16%. The business had revenue of $453.80 million for the quarter, compared to analyst estimates of $442.20 million. During the same period in the prior year, the firm posted $1.11 EPS. The company's revenue was up 12.4% on a year-over-year basis. Equities research analysts forecast that John Bean Technologies Co. will post 5.23 EPS 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.