John Bean Technologies Co. (NYSE:JBT) Sees Significant Growth in Short Interest

John Bean Technologies Co. (NYSE:JBT) saw a significant increase in short interest in the month of 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. Based on an average trading volume of 302,900 shares, the days-to-cover ratio is presently 8.5 days. Currently, 8.2% of the shares of the company are sold short.

John Bean Technologies Price Performance

Shares of John Bean Technologies stock opened at $117.75 on Friday. 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 company’s 50-day moving average price is $101.92 and its two-hundred day moving average price is $96.47. John Bean Technologies has a 52 week low of $82.64 and a 52 week high of $122.90. The stock has a market cap of $3.75 billion, a PE ratio of 21.85, a price-to-earnings-growth ratio of 1.59 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 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 firm had revenue of $453.80 million for the quarter, compared to analysts’ expectations of $442.20 million. During the same period in the previous year, the business earned $1.11 earnings per share. John Bean Technologies’s revenue for the quarter was up 12.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that John Bean Technologies will post 5.21 EPS for the current fiscal year.

Institutional Trading of John Bean Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC raised its holdings in John Bean Technologies by 113.2% during the 2nd quarter. CWM LLC now owns 324 shares of the industrial products company’s stock worth $31,000 after buying an additional 172 shares during the period. Wolverine Asset Management LLC acquired 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 during the 1st quarter worth about $61,000. Innealta Capital LLC purchased a new position in John Bean Technologies during the 2nd quarter valued at about $73,000. Finally, Kimelman & Baird LLC purchased a new position in John Bean Technologies during the 2nd quarter valued at about $85,000. Institutional investors and hedge funds own 98.92% of the company’s stock.

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.