Quest Partners LLC Invests $1.34 Million in John Bean Technologies Co. (NYSE:JBT)

Quest Partners LLC purchased a new position in shares of John Bean Technologies Co. (NYSE:JBT) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 13,648 shares of the industrial products company’s stock, valued at approximately $1,344,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System raised its position in shares of John Bean Technologies by 19.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 10,855 shares of the industrial products company’s stock worth $1,186,000 after purchasing an additional 1,760 shares during the period. Vanguard Group Inc. grew its holdings in shares of John Bean Technologies by 0.9% during the first quarter. Vanguard Group Inc. now owns 3,524,626 shares of the industrial products company’s stock valued at $369,698,000 after buying an additional 31,798 shares during the last quarter. UniSuper Management Pty Ltd bought a new stake in shares of John Bean Technologies during the first quarter worth about $685,000. Bessemer Group Inc. raised its holdings in shares of John Bean Technologies by 7.3% in the 1st quarter. Bessemer Group Inc. now owns 21,270 shares of the industrial products company’s stock worth $2,231,000 after acquiring an additional 1,452 shares during the last quarter. Finally, Pitcairn Co. lifted its position in John Bean Technologies by 101.0% in the 1st quarter. Pitcairn Co. now owns 5,882 shares of the industrial products company’s stock valued at $617,000 after acquiring an additional 2,956 shares in the last quarter. Institutional investors own 98.92% of the company’s stock.

John Bean Technologies Trading Up 0.4 %

Shares of John Bean Technologies stock opened at $118.24 on Wednesday. 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 stock has a fifty day simple moving average of $103.77 and a 200 day simple moving average of $97.14. John Bean Technologies Co. has a 12-month low of $82.64 and a 12-month high of $122.90. The company has a market capitalization of $3.76 billion, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 1.62 and a beta of 1.22.

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