Wrapmanager Inc. Has $348,000 Stock Holdings in John Bean Technologies Co. (NYSE:JBT)

Wrapmanager Inc. lifted its position in shares of John Bean Technologies Co. (NYSE:JBT) by 6.2% in the third quarter, HoldingsChannel reports. The fund owned 3,537 shares of the industrial products company’s stock after buying an additional 206 shares during the period. Wrapmanager Inc.’s holdings in John Bean Technologies were worth $348,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC increased its stake in John Bean Technologies by 57.5% in the second 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 purchasing an additional 466,846 shares in the last quarter. Bamco Inc. NY raised its stake in John Bean Technologies by 23.8% during the 1st quarter. Bamco Inc. NY now owns 650,000 shares of the industrial products company’s stock worth $68,178,000 after buying an additional 125,000 shares during the period. Envestnet Asset Management Inc. lifted its holdings in John Bean Technologies by 91.0% during the second quarter. Envestnet Asset Management Inc. now owns 188,122 shares of the industrial products company’s stock worth $17,866,000 after acquiring an additional 89,604 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of 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 worth $19,912,000 after acquiring an additional 85,910 shares in the last quarter. Finally, Confluence Investment Management LLC raised its position in shares of John Bean Technologies by 248.1% during the second quarter. Confluence Investment Management LLC now owns 112,358 shares of the industrial products company’s stock worth $10,671,000 after purchasing an additional 80,077 shares during the period. Institutional investors and hedge funds own 98.92% of the company’s stock.

John Bean Technologies Price Performance

NYSE JBT opened at $118.24 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.00 and a current ratio of 2.55. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 21.94, a PEG ratio of 1.62 and a beta of 1.22. The business has a 50 day simple moving average of $103.77 and a 200 day simple moving average of $97.14. John Bean Technologies Co. has a 52-week low of $82.64 and a 52-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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. The firm had revenue of $453.80 million during the quarter, compared to analysts’ expectations 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 was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.11 EPS. Analysts anticipate that John Bean Technologies Co. will post 5.23 earnings per share for the current fiscal 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.