Quest Partners LLC Acquires New Position in John Bean Technologies Co. (NYSE:JBT)

Quest Partners LLC bought a new position in John Bean Technologies Co. (NYSE:JBT) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 13,648 shares of the industrial products company’s stock, valued at approximately $1,344,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. State Board of Administration of Florida Retirement System grew its stake 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 valued at $1,186,000 after buying an additional 1,760 shares in the last quarter. Vanguard Group Inc. grew its position in shares of John Bean Technologies by 0.9% in the first quarter. Vanguard Group Inc. now owns 3,524,626 shares of the industrial products company’s stock valued at $369,698,000 after purchasing an additional 31,798 shares in the last quarter. UniSuper Management Pty Ltd bought a new stake in shares of John Bean Technologies during the 1st quarter valued at $685,000. Bessemer Group Inc. lifted its holdings in John Bean Technologies by 7.3% during the 1st quarter. Bessemer Group Inc. now owns 21,270 shares of the industrial products company’s stock worth $2,231,000 after purchasing an additional 1,452 shares in the last quarter. Finally, Pitcairn Co. boosted its stake in John Bean Technologies by 101.0% in the 1st quarter. Pitcairn Co. now owns 5,882 shares of the industrial products company’s stock worth $617,000 after purchasing an additional 2,956 shares during the period. Institutional investors own 98.92% of the company’s stock.

John Bean Technologies Trading Up 0.4 %

Shares of JBT opened at $118.24 on Wednesday. John Bean Technologies Co. has a twelve month low of $82.64 and a twelve month high of $122.90. The stock has a market cap of $3.76 billion, a PE ratio of 21.94, a P/E/G ratio of 1.62 and a beta of 1.22. 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 50-day moving average price is $103.77 and its 200-day moving average price is $97.14.

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, beating analysts’ consensus estimates 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 firm had revenue of $453.80 million during the quarter, compared to the consensus estimate of $442.20 million. During the same quarter last year, the company posted $1.11 EPS. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, equities analysts forecast that John Bean Technologies Co. will post 5.23 EPS for the current fiscal 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.