Victory Capital Management Inc. Has $111.98 Million Stock Position in John Bean Technologies Co. (NYSE:JBT)

Victory Capital Management Inc. lessened its holdings in shares of John Bean Technologies Co. (NYSE:JBT - Free Report) by 5.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,136,691 shares of the industrial products company's stock after selling 59,728 shares during the quarter. Victory Capital Management Inc. owned about 3.57% of John Bean Technologies worth $111,975,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. SG Americas Securities LLC grew its position in John Bean Technologies by 192.5% in the 2nd quarter. SG Americas Securities LLC now owns 8,911 shares of the industrial products company's stock valued at $846,000 after buying an additional 5,865 shares in the last quarter. UniSuper Management Pty Ltd acquired a new position in shares of John Bean Technologies during the first quarter valued at approximately $685,000. Homestead Advisers Corp raised its holdings in John Bean Technologies by 31.6% during the first quarter. Homestead Advisers Corp now owns 34,600 shares of the industrial products company's stock worth $3,629,000 after purchasing an additional 8,300 shares in the last quarter. Edgestream Partners L.P. bought a new position in John Bean Technologies during the 1st quarter valued at $1,902,000. Finally, D. E. Shaw & Co. Inc. increased its position in shares of John Bean Technologies by 37.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 236,865 shares of the industrial products company's stock valued at $22,495,000 after purchasing an additional 64,280 shares during the period. Institutional investors own 98.92% of the company's stock.

John Bean Technologies Price Performance

JBT stock traded up $6.78 during trading hours on Wednesday, hitting $121.01. 726,895 shares of the stock traded hands, compared to its average volume of 276,489. The stock has a 50-day simple moving average of $101.33 and a 200 day simple moving average of $96.32. The company has a market cap of $3.85 billion, a P/E ratio of 22.45, a P/E/G ratio of 1.59 and a beta of 1.22. John Bean Technologies Co. has a one year low of $82.64 and a one year high of $122.00. The company has a current ratio of 2.55, a quick ratio of 2.00 and a debt-to-equity ratio of 0.41.

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 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 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 revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.11 EPS. Equities analysts forecast that John Bean Technologies Co. will post 5.21 earnings per share for the current 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.