Thematics Asset Management Cuts Position in John Bean Technologies Co. (NYSE:JBT)

Thematics Asset Management trimmed its stake in John Bean Technologies Co. (NYSE:JBT) by 13.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 188,346 shares of the industrial products company’s stock after selling 29,493 shares during the quarter. Thematics Asset Management’s holdings in John Bean Technologies were worth $18,554,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in JBT. Vanguard Group Inc. increased 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 acquiring an additional 31,798 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of John Bean Technologies during the first quarter worth $61,000. Ancora Advisors LLC grew its holdings in shares of John Bean Technologies by 7.3% during the first quarter. Ancora Advisors LLC now owns 26,141 shares of the industrial products company’s stock valued at $2,742,000 after buying an additional 1,786 shares during the last quarter. Tidal Investments LLC increased its position 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 valued at $718,000 after acquiring an additional 1,161 shares during the period. Finally, Confluence Investment Management LLC raised its stake in 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 during the last quarter. 98.92% of the stock is currently owned by hedge funds and other institutional investors.

John Bean Technologies Stock Performance

JBT traded down $0.08 on Tuesday, reaching $124.00. 92,832 shares of the stock were exchanged, compared to its average volume of 278,635. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.55 and a quick ratio of 2.00. The company’s 50-day moving average price is $105.69 and its 200 day moving average price is $97.72. The firm has a market capitalization of $3.95 billion, a PE ratio of 23.02, a PEG ratio of 1.68 and a beta of 1.22. John Bean Technologies Co. has a fifty-two week low of $82.64 and a fifty-two week high of $125.59.

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, topping 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 firm had revenue of $453.80 million during the quarter, compared to the consensus estimate of $442.20 million. During the same quarter in the previous year, the company posted $1.11 earnings per share. The company’s revenue was up 12.4% compared to the same quarter last year. As a group, sell-side analysts forecast that John Bean Technologies Co. will post 5.23 EPS for the current fiscal 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.