Wolverine Asset Management LLC Takes $39,000 Position in John Bean Technologies Co. (NYSE:JBT)

Wolverine Asset Management LLC acquired a new stake in shares of John Bean Technologies Co. (NYSE:JBT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 400 shares of the industrial products company’s stock, valued at approximately $39,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of JBT. SG Americas Securities LLC grew its position in shares of John Bean Technologies by 192.5% during the 2nd quarter. SG Americas Securities LLC now owns 8,911 shares of the industrial products company’s stock valued at $846,000 after purchasing an additional 5,865 shares in the last quarter. UniSuper Management Pty Ltd purchased a new position in John Bean Technologies during the first quarter worth about $685,000. Homestead Advisers Corp increased its stake in John Bean Technologies by 31.6% in the 1st quarter. Homestead Advisers Corp now owns 34,600 shares of the industrial products company’s stock worth $3,629,000 after acquiring an additional 8,300 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in shares of John Bean Technologies in the 1st quarter valued at about $1,902,000. Finally, D. E. Shaw & Co. Inc. boosted its position in shares of John Bean Technologies by 37.2% during 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 acquiring an additional 64,280 shares during the last quarter. Institutional investors own 98.92% of the company’s stock.

John Bean Technologies Stock Down 2.6 %

JBT stock opened at $117.75 on Friday. John Bean Technologies Co. has a 1-year low of $82.64 and a 1-year high of $122.90. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 1.59 and a beta of 1.22. 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 company’s 50 day moving average is $101.92 and its 200 day moving average is $96.47.

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, 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 business had revenue of $453.80 million for the quarter, compared to analysts’ expectations of $442.20 million. During the same quarter in the prior year, the firm earned $1.11 earnings per share. The firm’s revenue was up 12.4% on a year-over-year basis. Sell-side analysts predict that John Bean Technologies Co. will post 5.21 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.