Insiders who bought this year lost US$7.0k as John Bean Technologies Corporation (NYSE:JBT) sheds US$169m in value
The recent 5.6% drop in John Bean Technologies Corporation's (NYSE:JBT) stock could come as a blow to insiders who purchased US$273k worth of stock at an average buy price of US$90.91 over the past 12 months. This is not good as insiders invest based on expectations that their money will appreciate over time. However, as a result of recent losses, their original investment is now worth only US$266k.
While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.
View our latest analysis for John Bean Technologies
The Last 12 Months Of Insider Transactions At John Bean Technologies
In the last twelve months, the biggest single purchase by an insider was when President Brian Deck bought US$273k worth of shares at a price of US$90.91 per share. That means that an insider was happy to buy shares at above the current price of US$88.58. Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Brian Deck was the only individual insider to buy during the last year.
The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
John Bean Technologies is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
John Bean Technologies Insiders Bought Stock Recently
Over the last three months, we've seen a bit of insider buying at John Bean Technologies. In that period President Brian Deck spent US$273k on shares. However, Independent Director Polly Kawalek netted US$252k for sales. It is good to see that insiders have been buying, but they did not buy very many shares, in the scheme of things.
Does John Bean Technologies Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 1.5% of John Bean Technologies shares, worth about US$42m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At John Bean Technologies Tell Us?
We note a that there has been a bit of insider buying recently (but no selling). Overall the buying isn't worth writing home about. But insiders have shown more of an appetite for the stock, over the last year. Overall we don't see anything to make us think John Bean Technologies insiders are doubting the company, and they do own shares. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing John Bean Technologies. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of John Bean Technologies.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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