John Bean Technologies Corp (NYSE:JBT) Shares Sold by Cramer Rosenthal Mcglynn LLC
Cramer Rosenthal Mcglynn LLC trimmed its stake in shares of John Bean Technologies Corp (NYSE:JBT) by 21.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 168,670 shares of the industrial products company’s stock after selling 46,125 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned about 0.53% of John Bean Technologies worth $20,431,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in shares of John Bean Technologies by 6.4% in the 4th quarter. Geode Capital Management LLC now owns 328,857 shares of the industrial products company’s stock valued at $23,615,000 after buying an additional 19,774 shares during the period. RK Capital Management LLC purchased a new position in John Bean Technologies during the first quarter worth $2,757,000. Virginia Retirement Systems ET AL purchased a new position in John Bean Technologies during the second quarter worth $327,000. Arizona State Retirement System increased its position in John Bean Technologies by 0.9% during the second quarter. Arizona State Retirement System now owns 49,065 shares of the industrial products company’s stock worth $5,943,000 after buying an additional 438 shares in the last quarter. Finally, William Blair Investment Management LLC increased its position in John Bean Technologies by 246.1% during the first quarter. William Blair Investment Management LLC now owns 219,184 shares of the industrial products company’s stock worth $20,141,000 after buying an additional 155,863 shares in the last quarter.
John Bean Technologies stock traded down $0.08 during midday trading on Friday, reaching $113.07. The stock had a trading volume of 227 shares, compared to its average volume of 155,148. John Bean Technologies Corp has a twelve month low of $66.28 and a twelve month high of $127.97. The stock has a market capitalization of $3.51 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 3.13 and a beta of 1.49. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.94 and a current ratio of 1.48. The stock’s 50-day simple moving average is $106.69 and its 200 day simple moving average is $106.04.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were issued a $0.10 dividend. The ex-dividend date was Friday, August 16th. This represents a $0.40 dividend on an annualized basis and a yield of 0.35%. This is a boost from John Bean Technologies’s previous quarterly dividend of $0.09. John Bean Technologies’s dividend payout ratio (DPR) is presently 9.35%.
In other John Bean Technologies news, Director Caroline Maury Devine sold 300 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $114.30, for a total transaction of $34,290.00. Following the transaction, the director now owns 50,246 shares in the company, valued at $5,743,117.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP James L. Marvin sold 1,500 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $122.48, for a total value of $183,720.00. Following the transaction, the executive vice president now owns 19,813 shares in the company, valued at approximately $2,426,696.24. The disclosure for this sale can be found here. 2.23% of the stock is currently owned by company insiders.
JBT has been the subject of several recent research reports. Wells Fargo & Co raised their price target on John Bean Technologies from $125.00 to $140.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. ValuEngine downgraded John Bean Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $106.60.
John Bean Technologies Profile
John Bean Technologies Corporation provides technology solutions to food and beverage industry and equipment and services to air transportation industries. The company operates through JBT FoodTech and JBT AeroTech segments. It provides chilling, mixing/grinding, injecting, marinating, tumbling, portioning, packaging, coating, frying, freezing, weighing, X-ray food inspection, and packaging systems for poultry, beef, pork, and seafood, as well as ready-to-eat meals, fruits, vegetables, dairy, and bakery products; solutions to extract, concentrate, and aseptically process citrus, tomato and other fruits, vegetables, and juices; and solutions for the filling, closing, and preservation of fruits, vegetables, soups, sauces, and dairy and pet food products, as well as ready-to-eat meals.
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