John Bean Technologies Co. (NYSE:JBT) Position Reduced by Atria Investments Inc

Atria Investments Inc cut its holdings in shares of John Bean Technologies Co. (NYSE:JBT) by 6.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,817 shares of the industrial products company’s stock after selling 356 shares during the quarter. Atria Investments Inc’s holdings in John Bean Technologies were worth $475,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JBT. CWM LLC increased its position in John Bean Technologies by 113.2% during 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. Lazard Asset Management LLC acquired a new stake in John Bean Technologies in the 1st quarter worth approximately $61,000. Innealta Capital LLC acquired a new position in John Bean Technologies during the second quarter valued at approximately $73,000. Kimelman & Baird LLC acquired a new stake in shares of John Bean Technologies in the second quarter worth $85,000. Finally, nVerses Capital LLC bought a new stake in shares of John Bean Technologies during the 3rd quarter worth $187,000. 98.92% of the stock is owned by hedge funds and other institutional investors.

John Bean Technologies Stock Performance

Shares of JBT opened at $118.61 on Thursday. The company has a market capitalization of $3.78 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 1.62 and a beta of 1.22. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.55 and a quick ratio of 2.00. John Bean Technologies Co. has a one year low of $82.64 and a one year high of $122.90. The company’s fifty day moving average price is $104.43 and its 200 day moving average price is $97.29.

John Bean Technologies (NYSE:JBT) last announced its earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.09. The firm had revenue of $453.80 million during the quarter, compared to the consensus estimate of $442.20 million. John Bean Technologies had a return on equity of 10.16% and a net margin of 10.25%. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.11 EPS. As a group, analysts expect that John Bean Technologies Co. will post 5.23 earnings per share for the current 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.