Amalgamated Bank Has $925,000 Position in John Bean Technologies Co. (NYSE:JBT)

Amalgamated Bank decreased its holdings in John Bean Technologies Co. (NYSE:JBT) by 3.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,389 shares of the industrial products company’s stock after selling 338 shares during the quarter. Amalgamated Bank’s holdings in John Bean Technologies were worth $925,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JBT. CWM LLC raised its position in 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 purchasing an additional 172 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in John Bean Technologies in the 1st quarter valued at $61,000. Innealta Capital LLC bought a new stake in John Bean Technologies in the second quarter valued at $73,000. Kimelman & Baird LLC bought a new position in shares of John Bean Technologies during the second quarter valued at $85,000. Finally, nVerses Capital LLC acquired a new stake in shares of John Bean Technologies in the 3rd quarter valued at $187,000. 98.92% of the stock is owned by institutional investors.

John Bean Technologies Trading Down 2.6 %

Shares of JBT stock opened at $117.75 on Friday. The company has a market capitalization of $3.75 billion, a P/E ratio of 21.85, a P/E/G ratio of 1.59 and a beta of 1.22. John Bean Technologies Co. has a 12-month low of $82.64 and a 12-month high of $122.90. The company has a quick ratio of 2.00, a current ratio of 2.55 and a debt-to-equity ratio of 0.41. The firm has a 50-day moving average price of $101.92 and a 200 day moving average price of $96.47.

John Bean Technologies (NYSE:JBT) last issued its quarterly earnings data 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 firm had revenue of $453.80 million during the quarter, compared to the consensus estimate of $442.20 million. John Bean Technologies had a return on equity of 10.16% and a net margin of 10.25%. The business’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 company posted $1.11 EPS. Research analysts forecast that John Bean Technologies Co. will post 5.21 earnings per share for the current fiscal year.

About John Bean Technologies

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.