ArrowMark Colorado Holdings LLC Invests $29.39 Million in John Bean Technologies Co. (NYSE:JBT)

ArrowMark Colorado Holdings LLC bought a new stake in John Bean Technologies Co. (NYSE:JBT) during the third quarter, Holdings Channel.com reports. The fund bought 298,295 shares of the industrial products company’s stock, valued at approximately $29,385,000.

Several other hedge funds have also bought and sold shares of JBT. Benjamin Edwards Inc. raised its position 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 increased its stake in John Bean Technologies by 3.7% in the third quarter. Bamco Inc. NY now owns 700,000 shares of the industrial products company’s stock valued at $68,957,000 after acquiring an additional 25,000 shares during the last quarter. Paloma Partners Management Co bought a new position in John Bean Technologies in the third quarter valued at $349,000. Verition Fund Management LLC purchased a new stake in John Bean Technologies during the third quarter valued at about $1,293,000. Finally, HBK Investments L P boosted its holdings in shares of John Bean Technologies by 638.5% in the 3rd quarter. HBK Investments L P now owns 31,343 shares of the industrial products company’s stock worth $3,088,000 after purchasing an additional 27,099 shares in the last quarter. 98.92% of the stock is currently owned by institutional investors.

John Bean Technologies Price Performance

Shares of John Bean Technologies stock opened at $126.02 on Monday. The business’s 50-day moving average price is $109.08 and its 200-day moving average price is $98.80. The firm has a market capitalization of $4.01 billion, a PE 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 12 month low of $82.64 and a 12 month high of $127.31. 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 posted its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.41 by $0.09. John Bean Technologies had a net margin of 10.25% and a return on equity of 10.16%. The firm had revenue of $453.80 million for the quarter, compared to the consensus estimate of $442.20 million. During the same period last year, the firm posted $1.11 earnings per share. The business’s revenue was up 12.4% compared to the same quarter last year. Sell-side analysts forecast that John Bean Technologies Co. will post 5.23 EPS for the current fiscal 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.