Pathstone Holdings LLC Purchases 4,325 Shares of John Bean Technologies Co. (NYSE:JBT)

Pathstone Holdings LLC raised its stake in John Bean Technologies Co. (NYSE:JBT - Free Report) by 21.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,445 shares of the industrial products company's stock after buying an additional 4,325 shares during the period. Pathstone Holdings LLC owned about 0.08% of John Bean Technologies worth $2,408,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Arizona State Retirement System increased its position in John Bean Technologies by 1.7% during the 2nd quarter. Arizona State Retirement System now owns 8,900 shares of the industrial products company's stock valued at $845,000 after purchasing an additional 150 shares during the period. CWM LLC raised its stake in John Bean Technologies by 113.2% during the second quarter. CWM LLC now owns 324 shares of the industrial products company's stock worth $31,000 after buying an additional 172 shares during the last quarter. Diversified Trust Co lifted its holdings in John Bean Technologies by 1.4% in the second quarter. Diversified Trust Co now owns 13,400 shares of the industrial products company's stock valued at $1,273,000 after buying an additional 184 shares during the period. Louisiana State Employees Retirement System boosted its position in John Bean Technologies by 1.3% during the second quarter. Louisiana State Employees Retirement System now owns 16,000 shares of the industrial products company's stock valued at $1,520,000 after acquiring an additional 200 shares during the last quarter. Finally, Inspire Investing LLC grew its holdings in John Bean Technologies by 6.4% during the 2nd quarter. Inspire Investing LLC now owns 3,648 shares of the industrial products company's stock worth $346,000 after acquiring an additional 218 shares during the period. Institutional investors and hedge funds own 98.92% of the company's stock.

John Bean Technologies Trading Up 0.1 %

Shares of NYSE:JBT traded up $0.11 during midday trading on Tuesday, reaching $124.19. The company's stock had a trading volume of 502,889 shares, compared to its average volume of 280,487. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 1.68 and a beta of 1.22. John Bean Technologies Co. has a fifty-two week low of $82.64 and a fifty-two week high of $125.59. The firm has a 50 day moving average price of $106.38 and a two-hundred day moving average price of $97.93. 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 issued its earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.41 by $0.09. The company had revenue of $453.80 million during 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 posted $1.11 EPS. As a group, analysts forecast that John Bean Technologies Co. will post 5.23 earnings per share for the current 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.