Pathstone Holdings LLC Grows Stock Holdings in John Bean Technologies Co. (NYSE:JBT)

Pathstone Holdings LLC lifted its holdings in John Bean Technologies Co. (NYSE:JBT) by 21.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 24,445 shares of the industrial products company’s stock after buying an additional 4,325 shares during the period. Pathstone Holdings LLC’s holdings in John Bean Technologies were worth $2,408,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in JBT. SG Americas Securities LLC raised its position in John Bean Technologies by 192.5% during the second 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 during the period. D. E. Shaw & Co. Inc. raised its holdings in 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 buying an additional 64,280 shares during the period. Susquehanna International Group Ltd. bought a new stake in John Bean Technologies in the second quarter worth $945,000. Point72 Asia Singapore Pte. Ltd. boosted its stake in John Bean Technologies by 880.9% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 28,534 shares of the industrial products company’s stock worth $2,710,000 after buying an additional 25,625 shares during the period. Finally, Vanguard Group Inc. increased its position in 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 during the last quarter. 98.92% of the stock is currently owned by institutional investors.

John Bean Technologies Price Performance

John Bean Technologies stock opened at $124.08 on Tuesday. The firm has a market capitalization of $3.95 billion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 1.68 and a beta of 1.22. John Bean Technologies Co. has a 12-month low of $82.64 and a 12-month high of $125.59. The firm has a 50-day moving average price of $105.69 and a 200-day moving average price of $97.72. The company has a current ratio of 2.55, a quick ratio of 2.00 and a debt-to-equity ratio of 0.41.

John Bean Technologies (NYSE:JBT) last announced its earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $442.20 million. During the same quarter in the previous year, the business earned $1.11 earnings per share. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. As a group, equities research analysts forecast that John Bean Technologies Co. will post 5.23 EPS 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.