John Bean Technologies Co. (NYSE:JBT) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its position in John Bean Technologies Co. (NYSE:JBT) by 3.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,727 shares of the industrial products company’s stock after selling 373 shares during the period. Amalgamated Bank’s holdings in John Bean Technologies were worth $924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Wealth Alliance acquired a new position in John Bean Technologies during the second quarter worth about $215,000. Dimensional Fund Advisors LP lifted its stake in John Bean Technologies by 2.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 778,178 shares of the industrial products company’s stock worth $73,908,000 after purchasing an additional 19,549 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of John Bean Technologies by 91.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 188,122 shares of the industrial products company’s stock worth $17,866,000 after purchasing an additional 89,604 shares during the last quarter. Zions Bancorporation N.A. grew its position in shares of John Bean Technologies by 23.2% in the second quarter. Zions Bancorporation N.A. now owns 13,123 shares of the industrial products company’s stock valued at $1,246,000 after purchasing an additional 2,471 shares in the last quarter. Finally, Texas Permanent School Fund Corp increased its holdings in shares of John Bean Technologies by 4.6% in the second quarter. Texas Permanent School Fund Corp now owns 29,143 shares of the industrial products company’s stock valued at $2,768,000 after purchasing an additional 1,278 shares during the last quarter. 98.92% of the stock is currently owned by hedge funds and other institutional investors.

John Bean Technologies Stock Performance

NYSE JBT opened at $97.82 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.96 and a current ratio of 2.54. The stock’s fifty day moving average is $91.59 and its two-hundred day moving average is $94.14. The firm has a market capitalization of $3.11 billion, a P/E ratio of 5.22, a price-to-earnings-growth ratio of 1.29 and a beta of 1.24. John Bean Technologies Co. has a fifty-two week low of $82.64 and a fifty-two week high of $109.91.

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

John Bean Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were paid a $0.10 dividend. 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 2.13%.

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.