John Bean Technologies Co. (NYSE:JBT - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 672,774 shares traded hands during trading, an increase of 126% from the previous session's volume of 297,429 shares.The stock last traded at $130.56 and had previously closed at $127.44.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on JBT. Jefferies Financial Group initiated coverage on John Bean Technologies in a report on Thursday, December 12th. They set a "hold" rating and a $130.00 price target for the company. CJS Securities initiated coverage on shares of John Bean Technologies in a report on Thursday, December 12th. They issued an "outperform" rating and a $150.00 target price for the company.
Read Our Latest Stock Report on John Bean Technologies
John Bean Technologies Price Performance
The business has a fifty day moving average of $118.33 and a 200-day moving average of $102.45. 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 firm has a market cap of $4.16 billion, a PE ratio of 24.22, a PEG ratio of 1.74 and a beta of 1.24.
John Bean Technologies (NYSE:JBT - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.50 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.09. The company had revenue of $453.80 million during 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%. John Bean Technologies's revenue was up 12.4% compared to the same quarter last year. During the same period last year, the business earned $1.11 earnings per share. As a group, research analysts predict that John Bean Technologies Co. will post 5.23 earnings per share for the current year.
John Bean Technologies Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a $0.10 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. John Bean Technologies's payout ratio is currently 7.42%.
Institutional Investors Weigh In On John Bean Technologies
Hedge funds have recently bought and sold shares of the stock. Pathstone Holdings LLC lifted its stake in John Bean Technologies by 21.5% during the third quarter. Pathstone Holdings LLC now owns 24,445 shares of the industrial products company's stock worth $2,408,000 after purchasing an additional 4,325 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in John Bean Technologies by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 393,382 shares of the industrial products company's stock worth $38,752,000 after buying an additional 11,474 shares during the last quarter. Susquehanna International Group Ltd. purchased a new stake in John Bean Technologies in the second quarter worth approximately $945,000. D. E. Shaw & Co. Inc. grew its position in John Bean Technologies by 37.2% during the second quarter. D. E. Shaw & Co. Inc. now owns 236,865 shares of the industrial products company's stock valued at $22,495,000 after acquiring an additional 64,280 shares during the last quarter. Finally, Intech Investment Management LLC grew its position in John Bean Technologies by 139.3% during the third quarter. Intech Investment Management LLC now owns 12,712 shares of the industrial products company's stock valued at $1,252,000 after acquiring an additional 7,399 shares during the last quarter. 98.92% of the stock is currently owned by institutional investors.
About John Bean Technologies
(
Get Free Report)
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.
Recommended Stories
Before you consider John Bean Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and John Bean Technologies wasn't on the list.
While John Bean Technologies currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
