Amalgamated Bank Cuts Stock Position in John Bean Technologies Co. (NYSE:JBT)

Amalgamated Bank trimmed its position in shares of John Bean Technologies Co. (NYSE:JBT) by 3.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,727 shares of the industrial products company’s stock after selling 373 shares during the quarter. Amalgamated Bank’s holdings in John Bean Technologies were worth $924,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. grew its holdings in shares of John Bean Technologies by 162.1% in the first quarter. UMB Bank n.a. now owns 249 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 154 shares in the last quarter. CWM LLC grew its stake in shares of John Bean Technologies by 113.2% in the second quarter. CWM LLC now owns 324 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 172 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of John Bean Technologies during the first quarter worth $61,000. Innealta Capital LLC acquired a new stake in shares of John Bean Technologies in the second quarter valued at $73,000. Finally, Wealth Alliance purchased a new position in John Bean Technologies in the second quarter valued at $215,000. 98.92% of the stock is owned by institutional investors and hedge funds.

John Bean Technologies Trading Up 0.5 %

JBT opened at $97.82 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.54 and a quick ratio of 1.96. The stock has a market capitalization of $3.11 billion, a price-to-earnings ratio of 5.22, a PEG ratio of 1.29 and a beta of 1.24. The business has a fifty day moving average price of $91.59 and a 200 day moving average price of $94.14. John Bean Technologies Co. has a 12 month low of $82.64 and a 12 month high of $109.91.

John Bean Technologies (NYSE:JBT) last released its earnings results on Tuesday, July 30th. The industrial products company reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.19). The firm had revenue of $402.30 million for the quarter, compared to analysts’ expectations of $432.67 million. John Bean Technologies had a return on equity of 9.67% and a net margin of 36.66%. During the same quarter in the previous year, the company posted $0.97 earnings per share. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. Sell-side analysts expect that John Bean Technologies Co. will post 5.18 earnings per share for the current fiscal year.

John Bean Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.40 annualized dividend and a dividend yield of 0.41%. John Bean Technologies’s dividend payout ratio (DPR) is currently 2.13%.

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.