John Bean Technologies Co. (NYSE:JBT) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its holdings in shares of John Bean Technologies Co. (NYSE:JBT) by 4.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 151,243 shares of the industrial products company’s stock after selling 7,091 shares during the quarter. Principal Financial Group Inc. owned approximately 0.47% of John Bean Technologies worth $14,899,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of JBT. Envestnet Portfolio Solutions Inc. purchased a new position in shares of John Bean Technologies during the 1st quarter worth $238,000. SG Americas Securities LLC raised its holdings in shares of John Bean Technologies by 111.2% during the 1st quarter. SG Americas Securities LLC now owns 3,046 shares of the industrial products company’s stock worth $319,000 after acquiring an additional 1,604 shares during the period. ProShare Advisors LLC raised its holdings in shares of John Bean Technologies by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 6,422 shares of the industrial products company’s stock worth $674,000 after acquiring an additional 441 shares during the period. Bleakley Financial Group LLC raised its holdings in shares of John Bean Technologies by 45.0% during the 1st quarter. Bleakley Financial Group LLC now owns 5,411 shares of the industrial products company’s stock worth $568,000 after acquiring an additional 1,680 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its holdings in shares of John Bean Technologies by 19.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 10,855 shares of the industrial products company’s stock worth $1,186,000 after acquiring an additional 1,760 shares during the period. Hedge funds and other institutional investors own 98.92% of the company’s stock.

John Bean Technologies Stock Down 1.1 %

NYSE JBT opened at $116.42 on Friday. John Bean Technologies Co. has a 52 week low of $82.64 and a 52 week high of $122.90. The company has a quick ratio of 2.00, a current ratio of 2.55 and a debt-to-equity ratio of 0.41. The business’s fifty day simple moving average is $102.49 and its 200-day simple moving average is $96.65. The firm has a market cap of $3.71 billion, a PE ratio of 21.60, a P/E/G ratio of 1.68 and a beta of 1.22.

John Bean Technologies (NYSE:JBT) last issued its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.09. The firm 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%. John Bean Technologies’s revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.11 EPS. As a group, equities analysts anticipate that John Bean Technologies Co. will post 5.23 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.