Connor Clark & Lunn Investment Management Ltd. Purchases 5,749 Shares of John Bean Technologies Co. (NYSE:JBT)

Connor Clark & Lunn Investment Management Ltd. increased its position in John Bean Technologies Co. (NYSE:JBT) by 68.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,202 shares of the industrial products company’s stock after buying an additional 5,749 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in John Bean Technologies were worth $1,399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of JBT. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of John Bean Technologies by 57.5% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,279,425 shares of the industrial products company’s stock valued at $121,507,000 after purchasing an additional 466,846 shares in the last quarter. Conestoga Capital Advisors LLC lifted its stake in John Bean Technologies by 2.7% in the second quarter. Conestoga Capital Advisors LLC now owns 951,534 shares of the industrial products company’s stock worth $90,367,000 after purchasing an additional 24,981 shares during the last quarter. Royce & Associates LP boosted its position in John Bean Technologies by 7.2% during the third quarter. Royce & Associates LP now owns 858,523 shares of the industrial products company’s stock valued at $84,573,000 after buying an additional 57,371 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of John Bean Technologies by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 778,178 shares of the industrial products company’s stock valued at $73,908,000 after buying an additional 19,549 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. boosted its holdings in John Bean Technologies by 0.7% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 242,648 shares of the industrial products company’s stock valued at $23,903,000 after acquiring an additional 1,783 shares during the period. 98.92% of the stock is currently owned by institutional investors.

John Bean Technologies Stock Performance

NYSE:JBT opened at $124.21 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.00 and a current ratio of 2.55. John Bean Technologies Co. has a fifty-two week low of $82.64 and a fifty-two week high of $125.59. The business has a 50 day moving average price of $106.38 and a 200-day moving average price of $97.93. The firm has a market cap of $3.96 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 1.68 and a beta of 1.22.

John Bean Technologies (NYSE:JBT) last posted its earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates 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% on a year-over-year basis. During the same period in the prior year, the business posted $1.11 earnings per share. Equities research analysts predict that John Bean Technologies Co. will post 5.23 earnings per share for the current year.

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.