5,579 Shares in John Bean Technologies Co. (NYSE:JBT) Acquired by Quantbot Technologies LP

Quantbot Technologies LP bought a new position in shares of John Bean Technologies Co. (NYSE:JBT - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,579 shares of the industrial products company's stock, valued at approximately $550,000.

A number of other hedge funds have also modified their holdings of the business. Lazard Asset Management LLC acquired a new stake in John Bean Technologies in the 1st quarter valued at about $61,000. Tidal Investments LLC boosted its stake in John Bean Technologies by 20.4% during the first quarter. Tidal Investments LLC now owns 6,846 shares of the industrial products company's stock worth $718,000 after buying an additional 1,161 shares during the last quarter. CWM LLC grew its holdings in John Bean Technologies by 113.2% in the 2nd quarter. CWM LLC now owns 324 shares of the industrial products company's stock valued at $31,000 after buying an additional 172 shares in the last quarter. Simplicity Wealth LLC increased its stake in shares of John Bean Technologies by 6.8% in the 2nd quarter. Simplicity Wealth LLC now owns 5,679 shares of the industrial products company's stock worth $539,000 after acquiring an additional 360 shares during the last quarter. Finally, Profit Investment Management LLC raised its holdings in shares of John Bean Technologies by 6.6% during the 2nd quarter. Profit Investment Management LLC now owns 30,448 shares of the industrial products company's stock worth $2,892,000 after acquiring an additional 1,874 shares during the period. 98.92% of the stock is currently owned by institutional investors and hedge funds.

John Bean Technologies Trading Down 0.5 %

JBT stock traded down $0.57 during trading on Tuesday, reaching $124.60. 109,723 shares of the stock were exchanged, compared to its average volume of 281,885. The business has a 50 day moving average price of $109.75 and a 200-day moving average price of $99.02. John Bean Technologies Co. has a 1 year low of $82.64 and a 1 year high of $127.31. The company has a current ratio of 2.55, a quick ratio of 2.00 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 23.22, a P/E/G ratio of 1.75 and a beta of 1.24.

John Bean Technologies (NYSE:JBT - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.09. The firm 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 company's quarterly revenue was up 12.4% on a year-over-year basis. During the same period last year, the company earned $1.11 EPS. On average, research analysts predict that John Bean Technologies Co. will post 5.23 earnings per share for the current 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.