ArrowMark Colorado Holdings LLC Acquires New Stake in John Bean Technologies Co. (NYSE:JBT)

ArrowMark Colorado Holdings LLC bought a new position in John Bean Technologies Co. (NYSE:JBT) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 298,295 shares of the industrial products company’s stock, valued at approximately $29,385,000. ArrowMark Colorado Holdings LLC owned about 0.94% of John Bean Technologies at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in JBT. Benjamin Edwards Inc. lifted its stake in shares of John Bean Technologies by 111.7% during the 3rd quarter. Benjamin Edwards Inc. now owns 4,191 shares of the industrial products company’s stock valued at $413,000 after buying an additional 2,211 shares in the last quarter. Bamco Inc. NY lifted its position in shares of John Bean Technologies by 3.7% during the third quarter. Bamco Inc. NY now owns 700,000 shares of the industrial products company’s stock worth $68,957,000 after acquiring an additional 25,000 shares in the last quarter. Paloma Partners Management Co purchased a new stake in shares of John Bean Technologies during the third quarter worth $349,000. Verition Fund Management LLC bought a new position in shares of John Bean Technologies in the third quarter worth $1,293,000. Finally, HBK Investments L P boosted its holdings in shares of John Bean Technologies by 638.5% in the third quarter. HBK Investments L P now owns 31,343 shares of the industrial products company’s stock worth $3,088,000 after acquiring an additional 27,099 shares during the period. Hedge funds and other institutional investors own 98.92% of the company’s stock.

John Bean Technologies Stock Performance

Shares of JBT opened at $126.02 on Monday. 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 capitalization of $4.01 billion, a price-to-earnings ratio of 23.38, a price-to-earnings-growth ratio of 1.75 and a beta of 1.22. John Bean Technologies Co. has a 52-week low of $82.64 and a 52-week high of $127.31. The stock’s 50-day simple moving average is $109.08 and its 200 day simple moving average is $98.80.

John Bean Technologies (NYSE:JBT) last announced its quarterly 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 for the quarter, compared to the consensus estimate of $442.20 million. John Bean Technologies had a net margin of 10.25% and a return on equity of 10.16%. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.11 earnings per share. Research analysts forecast that John Bean Technologies Co. will post 5.23 EPS 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.