John Bean Technologies Co. (NYSE:JBT) Short Interest Update

John Bean Technologies Co. (NYSE:JBT) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 2,580,000 shares, an increase of 31.0% from the October 15th total of 1,970,000 shares. Approximately 8.2% of the company’s shares are short sold. Based on an average daily trading volume, of 302,900 shares, the days-to-cover ratio is presently 8.5 days.

John Bean Technologies Trading Down 1.1 %

JBT opened at $116.42 on Friday. The business’s 50 day moving average price is $102.49 and its 200 day moving average price is $96.70. John Bean Technologies has a one year low of $82.64 and a one year high of $122.90. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.00 and a current ratio of 2.55. The stock has a market capitalization 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 results on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the company earned $1.11 earnings per share. The business’s quarterly revenue was up 12.4% on a year-over-year basis. As a group, equities research analysts expect that John Bean Technologies will post 5.23 EPS for the current year.

Institutional Investors Weigh In On John Bean Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. acquired a new stake in John Bean Technologies in the first quarter valued at about $238,000. SG Americas Securities LLC lifted its stake 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 purchasing an additional 1,604 shares during the period. ProShare Advisors LLC raised its holdings in shares of John Bean Technologies by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 6,422 shares of the industrial products company’s stock worth $674,000 after purchasing an additional 441 shares during the period. Bleakley Financial Group LLC raised its position in John Bean Technologies by 45.0% in the first quarter. Bleakley Financial Group LLC now owns 5,411 shares of the industrial products company’s stock valued at $568,000 after purchasing an additional 1,680 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its holdings in John Bean Technologies by 19.4% in 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. 98.92% of the stock is owned by hedge funds and other institutional investors.

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.