State of New Jersey Common Pension Fund D Buys 2,020 Shares of John Bean Technologies Co. (NYSE:JBT)

State of New Jersey Common Pension Fund D lifted its position in John Bean Technologies Co. (NYSE:JBT) by 10.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,967 shares of the industrial products company’s stock after buying an additional 2,020 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in John Bean Technologies were worth $2,164,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. CWM LLC lifted its position 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 acquiring an additional 172 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of John Bean Technologies during the 1st quarter worth about $61,000. Innealta Capital LLC acquired a new stake in John Bean Technologies in the 2nd quarter valued at approximately $73,000. Kimelman & Baird LLC bought a new position in John Bean Technologies in the 2nd quarter worth approximately $85,000. Finally, nVerses Capital LLC acquired a new position in shares of John Bean Technologies during the third quarter worth approximately $187,000. 98.92% of the stock is owned by institutional investors.

John Bean Technologies Trading Down 2.6 %

Shares of John Bean Technologies stock opened at $117.75 on Friday. The company has a market cap of $3.75 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 1.59 and a beta of 1.22. John Bean Technologies Co. has a 1 year low of $82.64 and a 1 year high of $122.90. The company’s fifty day simple moving average is $101.92 and its 200-day simple moving average is $96.47. The company has a current ratio of 2.55, a quick ratio of 2.00 and a debt-to-equity ratio of 0.41.

John Bean Technologies (NYSE:JBT) last released its earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share for the quarter, topping 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 business had revenue of $453.80 million for the quarter, compared to the consensus estimate of $442.20 million. During the same period last year, the business earned $1.11 earnings per share. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. As a group, sell-side analysts expect that John Bean Technologies Co. will post 5.21 EPS for the current 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.