Quest Partners LLC Invests $1.34 Million in John Bean Technologies Co. (NYSE:JBT)

Quest Partners LLC acquired a new stake in John Bean Technologies Co. (NYSE:JBT - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,648 shares of the industrial products company's stock, valued at approximately $1,344,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JBT. CWM LLC grew its holdings 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 worth $31,000 after buying an additional 172 shares in the last quarter. Wolverine Asset Management LLC acquired a new position in shares of John Bean Technologies during the 3rd quarter valued at about $39,000. Lazard Asset Management LLC acquired a new stake in shares of John Bean Technologies in the first quarter worth approximately $61,000. Innealta Capital LLC acquired a new position in John Bean Technologies during the second quarter worth approximately $73,000. Finally, Kimelman & Baird LLC purchased a new position in John Bean Technologies during the second quarter worth approximately $85,000. Hedge funds and other institutional investors own 98.92% of the company's stock.

John Bean Technologies Trading Up 0.3 %

JBT stock traded up $0.41 during trading on Wednesday, reaching $118.61. 191,360 shares of the stock traded hands, compared to its average volume of 277,682. The firm has a market capitalization of $3.78 billion, a PE ratio of 21.94, a P/E/G ratio of 1.62 and a beta of 1.22. John Bean Technologies Co. has a 52-week low of $82.64 and a 52-week high of $122.90. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.55 and a quick ratio of 2.00. The business's 50 day moving average price is $103.77 and its 200-day moving average price is $97.14.

John Bean Technologies (NYSE:JBT - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.09. The company had revenue of $453.80 million for the quarter, compared to analyst estimates of $442.20 million. John Bean Technologies had a net margin of 10.25% and a return on equity of 10.16%. The business's quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.11 earnings per share. As a group, sell-side analysts forecast 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.