John Bean Technologies (NYSE:JBT) Sets New 52-Week High - Here's Why

Shares of John Bean Technologies Co. (NYSE:JBT - Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $122.90 and last traded at $121.32, with a volume of 241257 shares traded. The stock had previously closed at $120.90.

John Bean Technologies Price Performance

The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.00 and a current ratio of 2.55. The company has a market cap of $3.75 billion, a P/E ratio of 21.85, a P/E/G ratio of 1.59 and a beta of 1.22. The stock has a 50-day simple moving average of $101.92 and a 200 day simple moving average of $96.47.

John Bean Technologies (NYSE:JBT - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.41 by $0.09. The business had revenue of $453.80 million during the quarter, compared to the consensus estimate of $442.20 million. John Bean Technologies had a return on equity of 10.16% and a net margin of 10.25%. John Bean Technologies's revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the company earned $1.11 EPS. On average, equities analysts expect that John Bean Technologies Co. will post 5.21 EPS for the current year.

Hedge Funds Weigh In On John Bean Technologies

Several institutional investors have recently bought and sold shares of JBT. CWM LLC increased its stake in shares of John Bean Technologies by 113.2% in the 2nd quarter. CWM LLC now owns 324 shares of the industrial products company's stock valued at $31,000 after buying an additional 172 shares during the period. Wolverine Asset Management LLC acquired a new stake in shares of John Bean Technologies during the third quarter worth $39,000. Lazard Asset Management LLC acquired a new stake in shares of John Bean Technologies during the first quarter worth $61,000. Innealta Capital LLC acquired a new stake in shares of John Bean Technologies during the second quarter worth $73,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of John Bean Technologies during the second quarter worth $85,000. Institutional investors own 98.92% of the company's stock.

John Bean Technologies Company Profile

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.