Natixis Advisors LLC Cuts Stock Position in John Bean Technologies Co. (NYSE:JBT)

Natixis Advisors LLC decreased its position in shares of John Bean Technologies Co. (NYSE:JBT) by 8.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 191,430 shares of the industrial products company’s stock after selling 18,232 shares during the period. Natixis Advisors LLC owned about 0.60% of John Bean Technologies worth $18,858,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JBT. Royce & Associates LP grew its holdings in 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 acquiring an additional 57,371 shares in the last quarter. Zions Bancorporation N.A. boosted its holdings in shares of John Bean Technologies by 16.8% in the 3rd quarter. Zions Bancorporation N.A. now owns 15,322 shares of the industrial products company’s stock valued at $1,509,000 after buying an additional 2,199 shares during the period. KBC Group NV boosted its holdings in shares of John Bean Technologies by 31.5% in the 3rd quarter. KBC Group NV now owns 1,014 shares of the industrial products company’s stock valued at $100,000 after buying an additional 243 shares during the period. Lisanti Capital Growth LLC acquired a new position in shares of John Bean Technologies in the 3rd quarter valued at about $480,000. Finally, Chartwell Investment Partners LLC lifted its position in John Bean Technologies by 5.2% in the 3rd quarter. Chartwell Investment Partners LLC now owns 66,069 shares of the industrial products company’s stock valued at $6,508,000 after purchasing an additional 3,254 shares during the last quarter. Hedge funds and other institutional investors own 98.92% of the company’s stock.

John Bean Technologies Trading Up 0.4 %

Shares of NYSE:JBT opened at $118.24 on Wednesday. John Bean Technologies Co. has a fifty-two week low of $82.64 and a fifty-two week high of $122.90. The company has a market cap of $3.76 billion, a PE ratio of 21.94, a P/E/G ratio of 1.62 and a beta of 1.22. The company’s 50-day moving average price is $103.77 and its 200 day moving average price is $97.14. The company has a quick ratio of 2.00, a current ratio of 2.55 and a debt-to-equity ratio of 0.41.

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, 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 business had revenue of $453.80 million for the quarter, compared to the consensus estimate of $442.20 million. During the same period last year, the firm posted $1.11 earnings per share. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. Sell-side analysts anticipate that John Bean Technologies Co. will post 5.23 earnings per share for the current 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.