Mutual of America Capital Management LLC Reduces Stock Holdings in John Bean Technologies Co. (NYSE:JBT)

Mutual of America Capital Management LLC lowered its holdings in shares of John Bean Technologies Co. (NYSE:JBT) by 8.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in JBT. Royce & Associates LP lifted its position in John Bean Technologies by 7.2% during the third quarter. Royce & Associates LP now owns 858,523 shares of the industrial products company’s stock valued at $84,573,000 after purchasing an additional 57,371 shares in the last quarter. Zions Bancorporation N.A. raised its position in shares of John Bean Technologies by 16.8% during the 3rd quarter. Zions Bancorporation N.A. now owns 15,322 shares of the industrial products company’s stock valued at $1,509,000 after purchasing an additional 2,199 shares during the period. KBC Group NV raised its position in shares of John Bean Technologies by 31.5% during the 3rd quarter. KBC Group NV now owns 1,014 shares of the industrial products company’s stock valued at $100,000 after purchasing an additional 243 shares during the period. Lisanti Capital Growth LLC purchased a new position in shares of John Bean Technologies during the 3rd quarter valued at $480,000. Finally, Chartwell Investment Partners LLC boosted its stake in shares of 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 worth $6,508,000 after acquiring an additional 3,254 shares during the period. Institutional investors own 98.92% of the company’s stock.

John Bean Technologies Stock Up 1.0 %

Shares of JBT opened at $125.39 on Thursday. John Bean Technologies Co. has a 12-month low of $82.64 and a 12-month high of $127.23. The company has a current ratio of 2.55, a quick ratio of 2.00 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $3.99 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 1.72 and a beta of 1.22. The business’s 50 day moving average is $107.05 and its 200 day moving average is $98.14.

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 analysts’ consensus estimates of $1.41 by $0.09. John Bean Technologies had a net margin of 10.25% and a return on equity of 10.16%. The company had revenue of $453.80 million for the quarter, compared to the consensus estimate of $442.20 million. During the same period in the previous year, the firm posted $1.11 EPS. John Bean Technologies’s revenue for the quarter was up 12.4% compared to the same quarter last year. Research analysts expect that John Bean Technologies Co. will post 5.23 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.