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

Segall Bryant & Hamill LLC lowered its holdings in John Bean Technologies Co. (NYSE:JBT - Free Report) by 3.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 118,319 shares of the industrial products company's stock after selling 4,843 shares during the quarter. Segall Bryant & Hamill LLC owned 0.37% of John Bean Technologies worth $11,656,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CWM LLC increased its position in shares of John Bean Technologies by 113.2% during the second quarter. CWM LLC now owns 324 shares of the industrial products company's stock valued at $31,000 after acquiring an additional 172 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in John Bean Technologies during the 3rd quarter valued at $39,000. Lazard Asset Management LLC purchased a new position in shares of John Bean Technologies during the 1st quarter worth $61,000. Innealta Capital LLC purchased a new position in shares of John Bean Technologies in the 2nd quarter worth $73,000. Finally, Kimelman & Baird LLC purchased a new position in shares of John Bean Technologies in the 2nd quarter worth $85,000. 98.92% of the stock is owned by hedge funds and other institutional investors.

John Bean Technologies Stock Up 0.6 %

Shares of John Bean Technologies stock traded up $0.67 during trading hours on Thursday, hitting $119.21. 237,172 shares of the company's stock traded hands, compared to its average volume of 277,924. The company has a market cap of $3.80 billion, a PE ratio of 22.10, a PEG ratio of 1.64 and a beta of 1.22. John Bean Technologies Co. has a twelve month low of $82.64 and a twelve month high of $122.90. The stock has a 50 day simple moving average of $104.43 and a 200-day simple moving average of $97.29. 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 earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 EPS 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 firm had revenue of $453.80 million for the quarter, compared to analysts' expectations of $442.20 million. During the same quarter in the previous year, the company earned $1.11 earnings per share. The firm's quarterly revenue was up 12.4% compared to the same quarter last year. Equities research analysts anticipate that John Bean Technologies Co. will post 5.23 earnings per share 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.