Mutual of America Capital Management LLC Sells 443 Shares of John Bean Technologies Co. (NYSE:JBT)

Mutual of America Capital Management LLC trimmed its holdings in shares of John Bean Technologies Co. (NYSE:JBT) by 8.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 4,789 shares of the industrial products company’s stock after selling 443 shares during the quarter. Mutual of America Capital Management LLC’s holdings in John Bean Technologies were worth $472,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. CWM LLC increased its position in John Bean Technologies by 113.2% during the second quarter. CWM LLC now owns 324 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 172 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of John Bean Technologies in the third quarter worth approximately $39,000. Lazard Asset Management LLC bought a new stake in shares of John Bean Technologies during the 1st quarter worth approximately $61,000. Innealta Capital LLC purchased a new position in John Bean Technologies during the 2nd quarter valued at $73,000. Finally, Kimelman & Baird LLC bought a new position in John Bean Technologies in the 2nd quarter valued at $85,000. Institutional investors own 98.92% of the company’s stock.

John Bean Technologies Stock Performance

JBT stock opened at $125.39 on Thursday. John Bean Technologies Co. has a twelve month low of $82.64 and a twelve month high of $127.23. The business’s fifty day simple moving average is $107.05 and its two-hundred day simple moving average is $98.14. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 1.72 and a beta of 1.22. The company has a quick ratio of 2.00, a current ratio of 2.55 and a debt-to-equity ratio of 0.41.

John Bean Technologies (NYSE:JBT) last issued its earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. The business had revenue of $453.80 million for 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 company’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period last year, the company posted $1.11 earnings per share. Analysts predict that John Bean Technologies Co. will post 5.23 earnings per share for the current 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.