Pathstone Holdings LLC Acquires 4,325 Shares of John Bean Technologies Co. (NYSE:JBT)

Pathstone Holdings LLC increased its stake in John Bean Technologies Co. (NYSE:JBT) by 21.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,445 shares of the industrial products company’s stock after purchasing an additional 4,325 shares during the quarter. Pathstone Holdings LLC owned approximately 0.08% of John Bean Technologies worth $2,408,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Arizona State Retirement System lifted its position in shares of John Bean Technologies by 1.7% during the 2nd quarter. Arizona State Retirement System now owns 8,900 shares of the industrial products company’s stock valued at $845,000 after buying an additional 150 shares in the last quarter. CWM LLC lifted its holdings in John Bean Technologies by 113.2% during the second quarter. CWM LLC now owns 324 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 172 shares in the last quarter. Diversified Trust Co boosted its position in shares of John Bean Technologies by 1.4% in the second quarter. Diversified Trust Co now owns 13,400 shares of the industrial products company’s stock worth $1,273,000 after purchasing an additional 184 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of John Bean Technologies by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 16,000 shares of the industrial products company’s stock worth $1,520,000 after purchasing an additional 200 shares in the last quarter. Finally, Inspire Investing LLC raised its position in shares of John Bean Technologies by 6.4% during the 2nd quarter. Inspire Investing LLC now owns 3,648 shares of the industrial products company’s stock valued at $346,000 after purchasing an additional 218 shares during the period. 98.92% of the stock is currently owned by hedge funds and other institutional investors.

John Bean Technologies Trading Up 2.8 %

Shares of John Bean Technologies stock opened at $124.08 on Tuesday. John Bean Technologies Co. has a fifty-two week low of $82.64 and a fifty-two week high of $125.59. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.00 and a current ratio of 2.55. The company has a market capitalization of $3.95 billion, a P/E ratio of 23.02, a P/E/G ratio of 1.68 and a beta of 1.22. The company has a fifty day moving average of $105.69 and a 200 day moving average of $97.72.

John Bean Technologies (NYSE:JBT) last released its quarterly earnings data 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 firm had revenue of $453.80 million during the quarter, compared to analyst estimates of $442.20 million. During the same quarter in the prior year, the company posted $1.11 earnings per share. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. On average, sell-side analysts anticipate that John Bean Technologies Co. will post 5.23 earnings per share 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.