John Bean Technologies Co. (NYSE:JBT) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its stake in shares of John Bean Technologies Co. (NYSE:JBT - Free Report) by 4.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 151,243 shares of the industrial products company's stock after selling 7,091 shares during the period. Principal Financial Group Inc. owned approximately 0.47% of John Bean Technologies worth $14,899,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. CWM LLC grew its position in John Bean Technologies by 113.2% in the 2nd quarter. CWM LLC now owns 324 shares of the industrial products company's stock valued at $31,000 after acquiring an additional 172 shares in the last quarter. Lazard Asset Management LLC acquired a new position in shares of John Bean Technologies in the first quarter valued at approximately $61,000. Innealta Capital LLC acquired a new position in shares of John Bean Technologies in the second quarter valued at approximately $73,000. Kimelman & Baird LLC purchased a new stake in John Bean Technologies during the 2nd quarter worth approximately $85,000. Finally, nVerses Capital LLC purchased a new position in John Bean Technologies in the 3rd quarter valued at approximately $187,000. 98.92% of the stock is currently owned by institutional investors and hedge funds.

John Bean Technologies Stock Performance

NYSE:JBT opened at $116.42 on Friday. The company has a market cap of $3.71 billion, a price-to-earnings ratio of 21.60, a price-to-earnings-growth ratio of 1.68 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 Co. has a 52 week low of $82.64 and a 52 week high of $122.90. The company has a fifty day simple moving average of $102.49 and a two-hundred day simple moving average of $96.65.

John Bean Technologies (NYSE:JBT - Get Free Report) last issued its quarterly earnings results 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 return on equity of 10.16% and a net margin of 10.25%. The company had revenue of $453.80 million for the quarter, compared to the consensus estimate of $442.20 million. During the same quarter in the prior year, the business earned $1.11 EPS. John Bean Technologies's revenue was up 12.4% on a year-over-year basis. As a group, equities analysts anticipate 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.