Charles Schwab Investment Management Inc. Purchases 11,474 Shares of John Bean Technologies Co. (NYSE:JBT)

Charles Schwab Investment Management Inc. boosted its stake in shares of John Bean Technologies Co. (NYSE:JBTFree Report) by 3.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 393,382 shares of the industrial products company’s stock after buying an additional 11,474 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in John Bean Technologies were worth $38,752,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. 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 period. Envestnet Asset Management Inc. grew its holdings in John Bean Technologies by 91.0% during the second quarter. Envestnet Asset Management Inc. now owns 188,122 shares of the industrial products company’s stock worth $17,866,000 after buying an additional 89,604 shares in the last quarter. Natixis Advisors LLC raised its holdings in shares of John Bean Technologies by 69.4% in the second quarter. Natixis Advisors LLC now owns 209,662 shares of the industrial products company’s stock valued at $19,912,000 after purchasing an additional 85,910 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of John Bean Technologies by 37.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 236,865 shares of the industrial products company’s stock worth $22,495,000 after buying an additional 64,280 shares during the last quarter. Finally, Royce & Associates LP increased its holdings in John Bean Technologies by 7.2% during the third quarter. Royce & Associates LP now owns 858,523 shares of the industrial products company’s stock worth $84,573,000 after buying an additional 57,371 shares during the last quarter. Institutional investors and hedge funds own 98.92% of the company’s stock.

John Bean Technologies Stock Down 0.7 %

Shares of NYSE JBT opened at $125.17 on Tuesday. The business’s fifty day moving average price is $109.75 and its 200-day moving average price is $99.02. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.55 and a quick ratio of 2.00. John Bean Technologies Co. has a one year low of $82.64 and a one year high of $127.31. The stock has a market capitalization of $3.99 billion, a PE ratio of 23.22, a P/E/G ratio of 1.75 and a beta of 1.22.

John Bean Technologies (NYSE:JBTGet Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.09. The firm had revenue of $453.80 million for the quarter, compared to analysts’ expectations of $442.20 million. John Bean Technologies had a return on equity of 10.16% and a net margin of 10.25%. The company’s revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.11 EPS. On average, equities research analysts anticipate that John Bean Technologies Co. will post 5.23 EPS for the current year.

John Bean Technologies Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding JBT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for John Bean Technologies Co. (NYSE:JBTFree Report).

Institutional Ownership by Quarter for John Bean Technologies (NYSE:JBT)

Receive News & Ratings for John Bean Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for John Bean Technologies and related companies with MarketBeat.com's FREE daily email newsletter.