Royce & Associates LP Grows Holdings in John Bean Technologies Co. (NYSE:JBT)

Royce & Associates LP boosted its stake in John Bean Technologies Co. (NYSE:JBT) by 7.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 858,523 shares of the industrial products company’s stock after buying an additional 57,371 shares during the period. John Bean Technologies accounts for approximately 0.8% of Royce & Associates LP’s portfolio, making the stock its 10th largest position. Royce & Associates LP’s holdings in John Bean Technologies were worth $84,573,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. CWM LLC increased its position in John Bean Technologies by 113.2% in the second quarter. CWM LLC now owns 324 shares of the industrial products company’s stock worth $31,000 after buying an additional 172 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in shares of John Bean Technologies during the 3rd quarter valued at $39,000. Lazard Asset Management LLC purchased a new stake in John Bean Technologies in the 1st quarter worth $61,000. Innealta Capital LLC bought a new position in shares of John Bean Technologies in the second quarter worth about $73,000. Finally, Kimelman & Baird LLC purchased a new stake in shares of John Bean Technologies during the second quarter worth about $85,000. Hedge funds and other institutional investors own 98.92% of the company’s stock.

John Bean Technologies Stock Performance

JBT opened at $117.75 on Friday. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 1.68 and a beta of 1.22. The company has a fifty day moving average of $101.92 and a 200 day moving average of $96.47. 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 $122.90.

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 firm had revenue of $453.80 million for the quarter, compared to the consensus estimate of $442.20 million. John Bean Technologies had a return on equity of 10.16% and a net margin of 10.25%. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.11 EPS. As a group, sell-side analysts forecast that John Bean Technologies Co. will post 5.23 earnings per share 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.