John Bean Technologies Co. (NYSE:JBT) Shares Purchased by KBC Group NV

KBC Group NV boosted its position in shares of John Bean Technologies Co. (NYSE:JBT) by 31.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,014 shares of the industrial products company’s stock after acquiring an additional 243 shares during the quarter. KBC Group NV’s holdings in John Bean Technologies were worth $100,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. CWM LLC increased its position in shares of John Bean Technologies by 113.2% during the second quarter. CWM LLC now owns 324 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 172 shares during the period. Wolverine Asset Management LLC purchased a new stake in John Bean Technologies during the 3rd quarter worth about $39,000. Lazard Asset Management LLC acquired a new stake in John Bean Technologies in the 1st quarter valued at about $61,000. Innealta Capital LLC acquired a new stake in John Bean Technologies in the 2nd quarter valued at about $73,000. Finally, Kimelman & Baird LLC purchased a new position in shares of John Bean Technologies in the 2nd quarter valued at about $85,000. 98.92% of the stock is owned by institutional investors and hedge funds.

John Bean Technologies Stock Up 1.3 %

JBT stock opened at $120.69 on Friday. The company’s 50 day moving average price is $105.07 and its 200 day moving average price is $97.45. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 1.64 and a beta of 1.22. John Bean Technologies Co. has a fifty-two week low of $82.64 and a fifty-two week 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.

John Bean Technologies (NYSE:JBT) last announced its quarterly earnings data 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. The company had revenue of $453.80 million for the quarter, compared to the consensus estimate of $442.20 million. John Bean Technologies had a net margin of 10.25% and a return on equity of 10.16%. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.11 EPS. On average, equities research analysts anticipate that John Bean Technologies Co. will post 5.23 EPS for the current fiscal 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.