Natixis Advisors LLC Sells 18,232 Shares of John Bean Technologies Co. (NYSE:JBT)

Natixis Advisors LLC lowered its position in shares of John Bean Technologies Co. (NYSE:JBT - Free Report) by 8.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 191,430 shares of the industrial products company's stock after selling 18,232 shares during the quarter. Natixis Advisors LLC owned 0.60% of John Bean Technologies worth $18,858,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in John Bean Technologies by 0.9% during the first quarter. Vanguard Group Inc. now owns 3,524,626 shares of the industrial products company's stock valued at $369,698,000 after buying an additional 31,798 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position 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 acquiring an additional 466,846 shares in the last quarter. Conestoga Capital Advisors LLC boosted its stake in John Bean Technologies by 2.7% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 951,534 shares of the industrial products company's stock worth $90,367,000 after purchasing an additional 24,981 shares during the period. Royce & Associates LP grew its position in John Bean Technologies by 7.2% during the 3rd quarter. Royce & Associates LP now owns 858,523 shares of the industrial products company's stock worth $84,573,000 after purchasing an additional 57,371 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in John Bean Technologies by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 778,178 shares of the industrial products company's stock valued at $73,908,000 after purchasing an additional 19,549 shares during the period. 98.92% of the stock is owned by institutional investors and hedge funds.

John Bean Technologies Stock Down 1.3 %

Shares of JBT traded down $1.49 during mid-day trading on Wednesday, reaching $116.71. The company's stock had a trading volume of 43,232 shares, compared to its average volume of 277,023. 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 1 year low of $82.64 and a 1 year high of $122.90. The business has a fifty day moving average of $103.77 and a 200 day moving average of $97.14. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 1.62 and a beta of 1.22.

John Bean Technologies (NYSE:JBT - Get Free Report) last announced its quarterly 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 company had revenue of $453.80 million during the quarter, compared to analysts' expectations of $442.20 million. John Bean Technologies had a return on equity of 10.16% and a net margin of 10.25%. The business's quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.11 earnings per share. As a group, analysts forecast 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.