John Bean Technologies Co. (NYSE:JBT) Sees Significant Growth in Short Interest

John Bean Technologies Co. (NYSE:JBT) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 2,580,000 shares, a growth of 31.0% from the October 15th total of 1,970,000 shares. Approximately 8.2% of the company’s stock are short sold. Based on an average daily volume of 302,900 shares, the short-interest ratio is currently 8.5 days.

John Bean Technologies Trading Down 2.6 %

JBT opened at $117.75 on Friday. The firm has a market capitalization of $3.75 billion, a P/E ratio of 21.85, a P/E/G ratio of 1.59 and a beta of 1.22. The firm’s 50 day moving average is $101.92 and its 200-day moving average is $96.47. John Bean Technologies has a 52-week low of $82.64 and a 52-week high of $122.90. 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 posted its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. The company had revenue of $453.80 million for the quarter, compared to analyst estimates of $442.20 million. John Bean Technologies had a net margin of 10.25% and a return on equity of 10.16%. The business’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.11 earnings per share. Analysts expect that John Bean Technologies will post 5.21 EPS for the current fiscal year.

Institutional Trading of John Bean Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CWM LLC increased its stake in shares of John Bean Technologies by 113.2% in the second quarter. CWM LLC now owns 324 shares of the industrial products company’s stock worth $31,000 after buying an additional 172 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in shares of John Bean Technologies in the third quarter worth $39,000. Lazard Asset Management LLC bought a new stake in shares of John Bean Technologies in the first quarter worth $61,000. Innealta Capital LLC bought a new stake in shares of John Bean Technologies in the second quarter worth $73,000. Finally, Kimelman & Baird LLC bought a new stake in shares of John Bean Technologies in the second quarter worth $85,000. Institutional investors own 98.92% of the company’s stock.

John Bean Technologies Company 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.