John Bean Technologies Co. (NYSE:JBT) Shares Bought by Royce & Associates LP

Royce & Associates LP boosted its position in shares of John Bean Technologies Co. (NYSE:JBT - Free Report) by 7.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 858,523 shares of the industrial products company's stock after buying an additional 57,371 shares during the period. John Bean Technologies accounts for approximately 0.8% of Royce & Associates LP's portfolio, making the stock its 10th biggest holding. Royce & Associates LP owned about 2.70% of John Bean Technologies worth $84,573,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of John Bean Technologies by 57.5% in 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. Bamco Inc. NY raised its position in John Bean Technologies by 23.8% during the 1st quarter. Bamco Inc. NY now owns 650,000 shares of the industrial products company's stock worth $68,178,000 after buying an additional 125,000 shares during the last quarter. Champlain Investment Partners LLC lifted its stake in shares of John Bean Technologies by 7.8% in the 1st quarter. Champlain Investment Partners LLC now owns 1,545,159 shares of the industrial products company's stock worth $162,072,000 after acquiring an additional 112,035 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of John Bean Technologies by 91.0% during the second quarter. Envestnet Asset Management Inc. now owns 188,122 shares of the industrial products company's stock worth $17,866,000 after acquiring an additional 89,604 shares during the period. Finally, Natixis Advisors LLC raised its holdings in John Bean Technologies by 69.4% during the second quarter. Natixis Advisors LLC now owns 209,662 shares of the industrial products company's stock worth $19,912,000 after purchasing an additional 85,910 shares in the last quarter. 98.92% of the stock is owned by institutional investors and hedge funds.

John Bean Technologies Stock Performance

JBT traded down $1.33 during trading on Friday, reaching $116.42. The company's stock had a trading volume of 259,026 shares, compared to its average volume of 278,115. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 1.68 and a beta of 1.22. The company's fifty day moving average price is $101.92 and its 200-day moving average price is $96.47. John Bean Technologies Co. has a 52-week low of $82.64 and a 52-week high of $122.90. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.00 and a current ratio of 2.55.

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 analysts' consensus estimates of $1.41 by $0.09. John Bean Technologies had a return on equity of 10.16% and a net margin of 10.25%. The firm had revenue of $453.80 million for the quarter, compared to analyst estimates of $442.20 million. During the same quarter in the prior year, the company posted $1.11 earnings per share. John Bean Technologies's quarterly revenue was up 12.4% on a year-over-year basis. On average, equities analysts forecast 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.