Swiss National Bank Sells 500 Shares of John Bean Technologies Co. (NYSE:JBT)

Swiss National Bank lessened its holdings in John Bean Technologies Co. (NYSE:JBT) by 0.8% in the third quarter, Holdings Channel reports. The firm owned 62,100 shares of the industrial products company’s stock after selling 500 shares during the period. Swiss National Bank’s holdings in John Bean Technologies were worth $6,117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

John Bean Technologies Price Performance

John Bean Technologies stock opened at $124.21 on Wednesday. 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 simple moving average is $106.38 and its 200 day simple moving average is $97.93. John Bean Technologies Co. has a 12 month low of $82.64 and a 12 month high of $125.59. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 1.68 and a beta of 1.22.

John Bean Technologies (NYSE:JBT) last posted its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.09. John Bean Technologies had a return on equity of 10.16% and a net margin of 10.25%. The company had revenue of $453.80 million during the quarter, compared to the consensus estimate of $442.20 million. During the same quarter in the prior year, the company earned $1.11 EPS. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. Sell-side analysts forecast that John Bean Technologies Co. will post 5.23 EPS 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.