HBK Investments L P Grows Position in John Bean Technologies Co. (NYSE:JBT)

HBK Investments L P raised its holdings in shares of John Bean Technologies Co. (NYSE:JBT) by 638.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 31,343 shares of the industrial products company’s stock after acquiring an additional 27,099 shares during the quarter. HBK Investments L P’s holdings in John Bean Technologies were worth $3,088,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. CWM LLC lifted its holdings in shares of John Bean Technologies by 113.2% in the second quarter. CWM LLC now owns 324 shares of the industrial products company’s stock worth $31,000 after buying an additional 172 shares in the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of John Bean Technologies in the third quarter worth about $39,000. Lazard Asset Management LLC bought a new position in shares of John Bean Technologies in the first quarter worth approximately $61,000. Innealta Capital LLC bought a new position in shares of John Bean Technologies in the second quarter worth approximately $73,000. Finally, Kimelman & Baird LLC bought a new position in shares of John Bean Technologies in the second quarter worth approximately $85,000. 98.92% of the stock is owned by hedge funds and other institutional investors.

John Bean Technologies Stock Up 0.9 %

JBT stock opened at $125.26 on Friday. The company has a current ratio of 2.55, a quick ratio of 2.00 and a debt-to-equity ratio of 0.41. The company’s 50 day moving average is $108.39 and its 200 day moving average is $98.52. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 23.24, a price-to-earnings-growth ratio of 1.74 and a beta of 1.22. John Bean Technologies Co. has a 1-year low of $82.64 and a 1-year high of $127.23.

John Bean Technologies (NYSE:JBT) last posted its quarterly earnings data 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 company had revenue of $453.80 million for 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 revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.11 earnings per share. Sell-side analysts predict that John Bean Technologies Co. will post 5.23 EPS for the current fiscal year.

John Bean Technologies 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.