HBK Investments L P Has $3.09 Million Stock Holdings in John Bean Technologies Co. (NYSE:JBT)

HBK Investments L P lifted its stake in shares of John Bean Technologies Co. (NYSE:JBT) by 638.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 31,343 shares of the industrial products company’s stock after acquiring an additional 27,099 shares during the period. HBK Investments L P owned 0.10% of John Bean Technologies worth $3,088,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Lazard Asset Management LLC bought a new stake in shares of John Bean Technologies in the 1st quarter worth $61,000. Tidal Investments LLC grew its stake in shares of John Bean Technologies by 20.4% in the 1st quarter. Tidal Investments LLC now owns 6,846 shares of the industrial products company’s stock worth $718,000 after acquiring an additional 1,161 shares in the last quarter. Confluence Investment Management LLC grew its stake in shares of John Bean Technologies by 248.1% in the 2nd quarter. Confluence Investment Management LLC now owns 112,358 shares of the industrial products company’s stock worth $10,671,000 after acquiring an additional 80,077 shares in the last quarter. Cascade Investment Advisors Inc. grew its stake in shares of John Bean Technologies by 7.0% in the 2nd quarter. Cascade Investment Advisors Inc. now owns 12,608 shares of the industrial products company’s stock worth $1,197,000 after acquiring an additional 820 shares in the last quarter. Finally, 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 worth $31,000 after acquiring an additional 172 shares in the last quarter. Institutional investors and hedge funds own 98.92% of the company’s stock.

John Bean Technologies Price Performance

JBT opened at $125.26 on Friday. The firm has a market cap of $3.99 billion, a P/E ratio of 23.24, a PEG ratio of 1.74 and a beta of 1.22. The firm has a 50-day moving average of $108.39 and a 200 day moving average of $98.52. 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 fifty-two week low of $82.64 and a fifty-two week high of $127.23.

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 the consensus estimate of $1.41 by $0.09. The company had revenue of $453.80 million during the quarter, compared to analyst estimates 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 for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.11 earnings per share. On average, research analysts expect that John Bean Technologies Co. will post 5.23 EPS for the current 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.