Segall Bryant & Hamill LLC Has $11.66 Million Stock Holdings in John Bean Technologies Co. (NYSE:JBT)

Segall Bryant & Hamill LLC reduced its stake in shares of John Bean Technologies Co. (NYSE:JBT - Free Report) by 3.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,319 shares of the industrial products company's stock after selling 4,843 shares during the period. Segall Bryant & Hamill LLC owned 0.37% of John Bean Technologies worth $11,656,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in John Bean Technologies by 57.5% during the second 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 acquiring an additional 466,846 shares during the period. Bamco Inc. NY lifted its holdings in shares of John Bean Technologies by 23.8% during the first 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. Envestnet Asset Management Inc. boosted its position in shares of John Bean Technologies by 91.0% in the second quarter. Envestnet Asset Management Inc. now owns 188,122 shares of the industrial products company's stock valued at $17,866,000 after acquiring an additional 89,604 shares during the period. Natixis Advisors LLC increased its position 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 acquiring an additional 85,910 shares during the period. Finally, Confluence Investment Management LLC raised its stake in John Bean Technologies by 248.1% during the 2nd quarter. Confluence Investment Management LLC now owns 112,358 shares of the industrial products company's stock valued at $10,671,000 after purchasing an additional 80,077 shares during the last quarter. Institutional investors and hedge funds own 98.92% of the company's stock.

John Bean Technologies Price Performance

Shares of John Bean Technologies stock opened at $118.61 on Thursday. The firm has a fifty day moving average price of $104.43 and a two-hundred day moving average price of $97.29. John Bean Technologies Co. has a fifty-two week low of $82.64 and a fifty-two week high of $122.90. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.55 and a quick ratio of 2.00. The company has a market cap of $3.78 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 1.64 and a beta of 1.22.

John Bean Technologies (NYSE:JBT - Get Free Report) last released 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 business had revenue of $453.80 million for the quarter, compared to the consensus estimate of $442.20 million. John Bean Technologies had a return on equity of 10.16% and a net margin of 10.25%. The firm's revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period last year, the business earned $1.11 earnings per share. Analysts expect that John Bean Technologies Co. will post 5.23 EPS for the current 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.