John Bean Technologies Co. (NYSE:JBT) Shares Sold by Champlain Investment Partners LLC

Champlain Investment Partners LLC reduced its stake in shares of John Bean Technologies Co. (NYSE:JBT) by 11.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,357,166 shares of the industrial products company’s stock after selling 175,443 shares during the quarter. Champlain Investment Partners LLC owned 4.26% of John Bean Technologies worth $133,694,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CWM LLC grew its stake in John Bean Technologies by 113.2% during the 2nd quarter. CWM LLC now owns 324 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 172 shares in 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 acquired a new stake in John Bean Technologies in the second quarter valued at $73,000. Finally, Kimelman & Baird LLC bought a new position in John Bean Technologies during the 2nd quarter valued at $85,000. 98.92% of the stock is owned by institutional investors and hedge funds.

John Bean Technologies Trading Up 1.3 %

NYSE:JBT opened at $120.69 on Friday. The company has a market cap of $3.84 billion, a PE ratio of 22.39, a P/E/G ratio of 1.66 and a beta of 1.22. The business’s 50 day moving average is $105.07 and its two-hundred day moving average is $97.45. 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 Co. has a 52 week low of $82.64 and a 52 week high of $122.90.

John Bean Technologies (NYSE:JBT) last announced its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. The business had revenue of $453.80 million during 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.11 EPS. On average, analysts predict that John Bean Technologies Co. will post 5.23 EPS 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.