Walleye Capital LLC Makes New Investment in John Bean Technologies Co. (NYSE:JBT)

Walleye Capital LLC bought a new position in shares of John Bean Technologies Co. (NYSE:JBT - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 30,000 shares of the industrial products company's stock, valued at approximately $2,955,000. Walleye Capital LLC owned about 0.09% of John Bean Technologies at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in John Bean Technologies by 170.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 842,184 shares of the industrial products company's stock valued at $82,964,000 after buying an additional 531,298 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its position in John Bean Technologies by 57.5% during the second 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 buying an additional 466,846 shares during the period. Envestnet Asset Management Inc. grew its position in John Bean Technologies by 91.0% during the second quarter. Envestnet Asset Management Inc. now owns 188,122 shares of the industrial products company's stock valued at $17,866,000 after buying an additional 89,604 shares during the period. Natixis Advisors LLC boosted its position in John Bean Technologies by 69.4% during the second quarter. Natixis Advisors LLC now owns 209,662 shares of the industrial products company's stock worth $19,912,000 after purchasing an additional 85,910 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its position in John Bean Technologies by 37.2% during the second quarter. D. E. Shaw & Co. Inc. now owns 236,865 shares of the industrial products company's stock worth $22,495,000 after purchasing an additional 64,280 shares during the period. 98.92% of the stock is owned by institutional investors.

John Bean Technologies Price Performance

Shares of John Bean Technologies stock traded down $1.00 on Tuesday, reaching $124.17. The stock had a trading volume of 217,047 shares, compared to its average volume of 282,395. John Bean Technologies Co. has a 1 year low of $82.64 and a 1 year high of $127.31. The company has a market cap of $3.95 billion, a P/E ratio of 23.03, a price-to-earnings-growth ratio of 1.74 and a beta of 1.24. 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 business's 50 day moving average is $109.75 and its two-hundred day moving average is $99.02.

John Bean Technologies (NYSE:JBT - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.09. John Bean Technologies had a net margin of 10.25% and a return on equity of 10.16%. The business had revenue of $453.80 million for the quarter, compared to analysts' expectations of $442.20 million. During the same period last year, the business earned $1.11 earnings per share. The business's quarterly revenue was up 12.4% on a year-over-year basis. As a group, research analysts anticipate that John Bean Technologies Co. will post 5.23 EPS 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.