John Bean Technologies Co. (NYSE:JBT - Get Free Report)'s share price hit a new 52-week high on Monday . The stock traded as high as $128.60 and last traded at $128.17, with a volume of 320396 shares traded. The stock had previously closed at $124.78.
Wall Street Analyst Weigh In
Several research firms have issued reports on JBT. Jefferies Financial Group started coverage on John Bean Technologies in a research note on Thursday, December 12th. They set a "hold" rating and a $130.00 target price for the company. CJS Securities started coverage on shares of John Bean Technologies in a report on Thursday, December 12th. They issued an "outperform" rating and a $150.00 price objective on the stock.
Read Our Latest Stock Analysis on JBT
John Bean Technologies Price Performance
The company's 50-day moving average price is $117.11 and its 200-day moving average price is $101.95. The company has a quick ratio of 2.00, a current ratio of 2.55 and a debt-to-equity ratio of 0.41. The firm has a market cap of $4.06 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 1.74 and a beta of 1.24.
John Bean Technologies (NYSE:JBT - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $442.20 million. During the same quarter last year, the company posted $1.11 EPS. The firm's revenue was up 12.4% compared to the same quarter last year. On average, equities research analysts forecast that John Bean Technologies Co. will post 5.23 EPS for the current year.
John Bean Technologies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date is Friday, December 13th. John Bean Technologies's dividend payout ratio is currently 7.42%.
Hedge Funds Weigh In On John Bean Technologies
Large investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB purchased a new position in shares of John Bean Technologies in the 3rd quarter valued at $39,000. Sanctuary Advisors LLC purchased a new position in shares of John Bean Technologies during the third quarter worth about $258,000. Hohimer Wealth Management LLC acquired a new stake in shares of John Bean Technologies during the third quarter worth about $258,000. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of John Bean Technologies by 67.9% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 184,479 shares of the industrial products company's stock valued at $18,173,000 after purchasing an additional 74,636 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of John Bean Technologies by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 729,853 shares of the industrial products company's stock valued at $71,912,000 after purchasing an additional 3,440 shares during the period. Hedge funds and other institutional investors own 98.92% of the company's stock.
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.
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