Aigen Investment Management LP Sells 326 Shares of John Bean Technologies Co. (NYSE:JBT)

Aigen Investment Management LP decreased its position in John Bean Technologies Co. (NYSE:JBT) by 11.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,584 shares of the industrial products company’s stock after selling 326 shares during the period. Aigen Investment Management LP’s holdings in John Bean Technologies were worth $255,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lisanti Capital Growth LLC acquired a new stake in John Bean Technologies during the 3rd quarter worth $480,000. Chartwell Investment Partners LLC increased its holdings in John Bean Technologies by 5.2% in the third quarter. Chartwell Investment Partners LLC now owns 66,069 shares of the industrial products company’s stock valued at $6,508,000 after purchasing an additional 3,254 shares during the last quarter. Wolverine Asset Management LLC acquired a new position in John Bean Technologies in the third quarter valued at about $39,000. State of New Jersey Common Pension Fund D boosted its holdings in John Bean Technologies by 10.1% during the third quarter. State of New Jersey Common Pension Fund D now owns 21,967 shares of the industrial products company’s stock worth $2,164,000 after buying an additional 2,020 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS increased its stake in shares of John Bean Technologies by 8.1% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 101,440 shares of the industrial products company’s stock valued at $9,993,000 after acquiring an additional 7,600 shares during the last quarter. 98.92% of the stock is currently owned by institutional investors and hedge funds.

John Bean Technologies Stock Down 1.1 %

John Bean Technologies stock opened at $116.42 on Friday. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 1.68 and a beta of 1.22. The company’s 50 day simple moving average is $102.49 and its 200 day simple moving average is $96.65. 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 fifty-two week low of $82.64 and a fifty-two week high of $122.90.

John Bean Technologies (NYSE:JBT) last announced its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share (EPS) 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%. The firm’s revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.11 EPS. As a group, sell-side analysts anticipate that John Bean Technologies Co. will post 5.23 EPS 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.