John Bean Technologies Co. (NYSE:JBT) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of John Bean Technologies Co. (NYSE:JBT) by 170.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 842,184 shares of the industrial products company’s stock after buying an additional 531,298 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 2.65% of John Bean Technologies worth $82,964,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of John Bean Technologies by 57.5% during 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 buying an additional 466,846 shares during the period. Envestnet Asset Management Inc. raised its position in John Bean Technologies by 91.0% in the second quarter. Envestnet Asset Management Inc. now owns 188,122 shares of the industrial products company’s stock valued at $17,866,000 after purchasing an additional 89,604 shares during the period. Natixis Advisors LLC raised its position in John Bean Technologies by 69.4% in the second quarter. Natixis Advisors LLC now owns 209,662 shares of the industrial products company’s stock valued at $19,912,000 after purchasing an additional 85,910 shares during the period. D. E. Shaw & Co. Inc. lifted its stake in shares of John Bean Technologies by 37.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 236,865 shares of the industrial products company’s stock valued at $22,495,000 after purchasing an additional 64,280 shares during the last quarter. Finally, Royce & Associates LP grew its holdings in shares of John Bean Technologies by 7.2% during the 3rd quarter. Royce & Associates LP now owns 858,523 shares of the industrial products company’s stock worth $84,573,000 after purchasing an additional 57,371 shares during the period. 98.92% of the stock is owned by institutional investors and hedge funds.

John Bean Technologies Stock Down 0.7 %

Shares of JBT opened at $125.17 on Tuesday. 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 firm has a market cap of $3.99 billion, a P/E ratio of 23.22, a price-to-earnings-growth ratio of 1.75 and a beta of 1.22. The company’s 50-day moving average price is $109.75 and its 200 day moving average price is $99.02. John Bean Technologies Co. has a 12-month low of $82.64 and a 12-month high of $127.31.

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