Kornitzer Capital Management Inc. KS Boosts Stock Position in John Bean Technologies Co. (NYSE:JBT)

Kornitzer Capital Management Inc. KS raised its stake in John Bean Technologies Co. (NYSE:JBT - Free Report) by 8.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 101,440 shares of the industrial products company's stock after purchasing an additional 7,600 shares during the quarter. Kornitzer Capital Management Inc. KS owned 0.32% of John Bean Technologies worth $9,993,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of JBT. Texas Permanent School Fund Corp grew its holdings in shares of John Bean Technologies by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 27,865 shares of the industrial products company's stock valued at $2,923,000 after acquiring an additional 360 shares in the last quarter. Duality Advisers LP grew its holdings in shares of John Bean Technologies by 20.6% in the first quarter. Duality Advisers LP now owns 4,655 shares of the industrial products company's stock valued at $488,000 after acquiring an additional 796 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in shares of John Bean Technologies in the first quarter valued at approximately $238,000. SG Americas Securities LLC grew its holdings in shares of John Bean Technologies by 111.2% in the first quarter. SG Americas Securities LLC now owns 3,046 shares of the industrial products company's stock valued at $319,000 after acquiring an additional 1,604 shares in the last quarter. Finally, ProShare Advisors LLC grew its holdings in John Bean Technologies by 7.4% during the first quarter. ProShare Advisors LLC now owns 6,422 shares of the industrial products company's stock valued at $674,000 after purchasing an additional 441 shares during the period. 98.92% of the stock is owned by institutional investors.

John Bean Technologies Stock Performance

NYSE JBT traded up $2.23 on Friday, hitting $118.92. 567,713 shares of the stock traded hands, compared to its average volume of 274,083. The business's fifty day moving average is $99.00 and its two-hundred day moving average is $95.51. John Bean Technologies Co. has a 12 month low of $82.64 and a 12 month high of $122.00. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 1.60 and a beta of 1.22. 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, beating 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 business had revenue of $453.80 million during the quarter, compared to analyst estimates of $442.20 million. During the same period in the prior year, the company earned $1.11 earnings per share. John Bean Technologies's revenue was up 12.4% compared to the same quarter last year. As a group, equities analysts anticipate that John Bean Technologies Co. will post 5.21 EPS for the current fiscal year.

John Bean Technologies Company 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.