Lisanti Capital Growth LLC Invests $480,000 in John Bean Technologies Co. (NYSE:JBT)

Lisanti Capital Growth LLC bought a new position in shares of John Bean Technologies Co. (NYSE:JBT) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 4,875 shares of the industrial products company’s stock, valued at approximately $480,000.

Other institutional investors also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of John Bean Technologies by 57.5% in the 2nd 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 purchasing an additional 466,846 shares during the period. Bamco Inc. NY lifted its stake in John Bean Technologies by 23.8% in the 1st quarter. Bamco Inc. NY now owns 650,000 shares of the industrial products company’s stock valued at $68,178,000 after acquiring an additional 125,000 shares in the last quarter. Champlain Investment Partners LLC lifted its stake in John Bean Technologies by 7.8% in the 1st quarter. Champlain Investment Partners LLC now owns 1,545,159 shares of the industrial products company’s stock valued at $162,072,000 after acquiring an additional 112,035 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in John Bean Technologies by 91.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 188,122 shares of the industrial products company’s stock valued at $17,866,000 after acquiring an additional 89,604 shares in the last quarter. Finally, Natixis Advisors LLC lifted its stake in John Bean Technologies by 69.4% in the 2nd quarter. Natixis Advisors LLC now owns 209,662 shares of the industrial products company’s stock valued at $19,912,000 after acquiring an additional 85,910 shares in the last quarter. 98.92% of the stock is currently owned by institutional investors and hedge funds.

John Bean Technologies Trading Down 0.4 %

NYSE JBT opened at $118.48 on Tuesday. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 1.66 and a beta of 1.22. The stock’s 50 day moving average price is $100.16 and its two-hundred day moving average price is $95.98. 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 Co. has a 52 week low of $82.64 and a 52 week high of $122.00.

John Bean Technologies (NYSE:JBT) last released its earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 EPS 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 business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.11 EPS. As a group, analysts anticipate that John Bean Technologies Co. will post 5.21 earnings per share 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.