Landscape Capital Management L.L.C. Has $1.19 Million Stock Holdings in John Bean Technologies Co. (NYSE:JBT)

Landscape Capital Management L.L.C. reduced its position in shares of John Bean Technologies Co. (NYSE:JBT) by 12.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,117 shares of the industrial products company’s stock after selling 1,764 shares during the period. Landscape Capital Management L.L.C.’s holdings in John Bean Technologies were worth $1,194,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. CWM LLC lifted its stake in shares of John Bean Technologies by 113.2% in the 2nd quarter. CWM LLC now owns 324 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 172 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in John Bean Technologies during the 3rd quarter valued at approximately $39,000. Lazard Asset Management LLC acquired a new position in shares of John Bean Technologies in the 1st quarter worth approximately $61,000. Innealta Capital LLC acquired a new stake in shares of John Bean Technologies during the second quarter worth $73,000. Finally, Kimelman & Baird LLC bought a new position in John Bean Technologies during the second quarter worth $85,000. 98.92% of the stock is currently owned by institutional investors.

John Bean Technologies Stock Performance

JBT stock opened at $120.69 on Friday. John Bean Technologies Co. has a 1-year low of $82.64 and a 1-year high of $122.90. The company has a current ratio of 2.55, a quick ratio of 2.00 and a debt-to-equity ratio of 0.41. The stock has a 50-day moving average price of $105.07 and a 200-day moving average price of $97.45. The firm has a market cap of $3.84 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 1.64 and a beta of 1.22.

John Bean Technologies (NYSE:JBT) last released its quarterly earnings data 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 company had revenue of $453.80 million during 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%. John Bean Technologies’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.11 EPS. As a group, equities research 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.