Atria Investments Inc Sells 356 Shares of John Bean Technologies Co. (NYSE:JBT)

Atria Investments Inc cut its position in shares of John Bean Technologies Co. (NYSE:JBT) by 6.9% during the third quarter, HoldingsChannel.com reports. The firm owned 4,817 shares of the industrial products company’s stock after selling 356 shares during the period. Atria Investments Inc’s holdings in John Bean Technologies were worth $475,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of JBT. Kornitzer Capital Management Inc. KS boosted its holdings in John Bean Technologies by 8.1% during the third quarter. Kornitzer Capital Management Inc. KS now owns 101,440 shares of the industrial products company’s stock valued at $9,993,000 after purchasing an additional 7,600 shares in the last quarter. QRG Capital Management Inc. boosted its stake in John Bean Technologies by 13.2% in the 3rd quarter. QRG Capital Management Inc. now owns 2,976 shares of the industrial products company’s stock valued at $293,000 after buying an additional 346 shares in the last quarter. Stephens Inc. AR acquired a new position in John Bean Technologies during the third quarter worth $234,000. Deroy & Devereaux Private Investment Counsel Inc. lifted its holdings in shares of John Bean Technologies by 0.7% during the third 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. Finally, AlphaMark Advisors LLC acquired a new stake in shares of John Bean Technologies in the 3rd quarter valued at $354,000. 98.92% of the stock is currently owned by institutional investors.

John Bean Technologies Stock Up 0.3 %

JBT opened at $118.61 on Thursday. John Bean Technologies Co. has a twelve month low of $82.64 and a twelve month high of $122.90. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 22.01, a PEG ratio of 1.62 and a beta of 1.22. The firm’s 50-day simple moving average is $104.43 and its 200-day simple moving average is $97.29. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.00 and a current ratio of 2.55.

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