KBC Group NV Boosts Position in John Bean Technologies Co. (NYSE:JBT)

KBC Group NV raised its stake in John Bean Technologies Co. (NYSE:JBT) by 31.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,014 shares of the industrial products company’s stock after acquiring an additional 243 shares during the period. KBC Group NV’s holdings in John Bean Technologies were worth $100,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of John Bean Technologies by 0.9% in the 1st 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 during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in John Bean Technologies by 57.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,279,425 shares of the industrial products company’s stock valued at $121,507,000 after buying an additional 466,846 shares during the last quarter. Conestoga Capital Advisors LLC boosted its holdings in shares of John Bean Technologies by 2.7% in the second quarter. Conestoga Capital Advisors LLC now owns 951,534 shares of the industrial products company’s stock valued at $90,367,000 after acquiring an additional 24,981 shares during the period. Dimensional Fund Advisors LP grew its position in shares of John Bean Technologies by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 778,178 shares of the industrial products company’s stock worth $73,908,000 after acquiring an additional 19,549 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. increased its holdings in shares of John Bean Technologies by 0.7% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 242,648 shares of the industrial products company’s stock valued at $23,903,000 after acquiring an additional 1,783 shares during the period. Institutional investors and hedge funds own 98.92% of the company’s stock.

John Bean Technologies Stock Up 1.3 %

Shares of NYSE:JBT opened at $120.69 on Friday. John Bean Technologies Co. has a 1-year low of $82.64 and a 1-year high of $122.90. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.55 and a quick ratio of 2.00. The stock has a market cap of $3.84 billion, a P/E ratio of 22.31, a P/E/G ratio of 1.64 and a beta of 1.22. The firm has a fifty day moving average price of $105.07 and a 200 day moving average price of $97.45.

John Bean Technologies (NYSE:JBT) last announced its earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.09. The business had revenue of $453.80 million during 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 business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.11 earnings per share. Sell-side analysts predict that John Bean Technologies Co. will post 5.23 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.