Stephens Inc. AR Makes New Investment in John Bean Technologies Co. (NYSE:JBT)

Stephens Inc. AR purchased a new position in shares of John Bean Technologies Co. (NYSE:JBT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,371 shares of the industrial products company’s stock, valued at approximately $234,000.

Several other institutional investors also recently added to or reduced their stakes in JBT. CWM LLC grew its stake in shares of John Bean Technologies by 113.2% in the 2nd quarter. CWM LLC now owns 324 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 172 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of John Bean Technologies in the 1st quarter valued at approximately $61,000. Innealta Capital LLC purchased a new position in shares of John Bean Technologies in the 2nd quarter valued at approximately $73,000. Kimelman & Baird LLC purchased a new position in shares of John Bean Technologies in the 2nd quarter valued at approximately $85,000. Finally, nVerses Capital LLC purchased a new position in shares of John Bean Technologies in the 3rd quarter valued at approximately $187,000. Institutional investors and hedge funds own 98.92% of the company’s stock.

John Bean Technologies Trading Up 1.9 %

Shares of JBT stock opened at $118.93 on Friday. The business’s 50 day moving average is $99.59 and its two-hundred day moving average is $95.70. John Bean Technologies Co. has a twelve month low of $82.64 and a twelve month high of $122.00. The company has a market capitalization of $3.79 billion, a P/E ratio of 22.06, a price-to-earnings-growth ratio of 1.67 and a beta of 1.22. The company has a current ratio of 2.55, a quick ratio of 2.00 and a debt-to-equity ratio of 0.41.

John Bean Technologies (NYSE:JBT) last posted its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. The firm had revenue of $453.80 million for the quarter, compared to the consensus estimate 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 for the quarter was up 12.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.11 earnings per share. Equities analysts forecast that John Bean Technologies Co. will post 5.21 EPS for the current 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.