Sasco Capital Inc. CT Has $18.15 Million Position in John Bean Technologies Co. (NYSE:JBT)

Sasco Capital Inc. CT reduced its position in shares of John Bean Technologies Co. (NYSE:JBT) by 14.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 184,270 shares of the industrial products company’s stock after selling 30,480 shares during the quarter. John Bean Technologies accounts for 2.7% of Sasco Capital Inc. CT’s investment portfolio, making the stock its 21st biggest holding. Sasco Capital Inc. CT owned about 0.58% of John Bean Technologies worth $18,152,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. CWM LLC raised its holdings in shares of John Bean Technologies by 113.2% during 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 in the last quarter. Wolverine Asset Management LLC bought a new position in John Bean Technologies during the third quarter valued at about $39,000. Lazard Asset Management LLC acquired a new stake in shares of John Bean Technologies in the first quarter worth about $61,000. Innealta Capital LLC bought a new stake in shares of John Bean Technologies during the 2nd quarter worth about $73,000. Finally, Kimelman & Baird LLC acquired a new position in shares of John Bean Technologies during the 2nd quarter valued at about $85,000. 98.92% of the stock is owned by institutional investors and hedge funds.

John Bean Technologies Stock Performance

Shares of JBT opened at $117.78 on Tuesday. The company has a market capitalization of $3.75 billion, a PE ratio of 21.85, a price-to-earnings-growth ratio of 1.62 and a beta of 1.22. The company’s fifty day moving average price is $103.11 and its 200 day moving average price is $96.95. John Bean Technologies Co. has a one year low of $82.64 and a one year high of $122.90. 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 (NYSE:JBT) last released its 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 business 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%. The firm’s revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the company earned $1.11 earnings per share. As a group, analysts expect that John Bean Technologies Co. will post 5.23 earnings per share for the current 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.