John Bean Technologies Corp (NYSE:JBT) has earned an average rating of "Hold" from the six analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $101.50.
A number of analysts have weighed in on the stock. Zacks Investment Research downgraded shares of John Bean Technologies from a "buy" rating to a "hold" rating and set a $100.00 price target for the company. in a report on Friday, July 31st. TheStreet raised shares of John Bean Technologies from a "c" rating to a "b-" rating in a report on Friday, August 7th. Finally, Wells Fargo & Company increased their price target on shares of John Bean Technologies from $100.00 to $110.00 in a report on Wednesday, July 29th.
John Bean Technologies stock opened at $94.13 on Wednesday. The firm's 50 day moving average price is $100.45 and its two-hundred day moving average price is $84.69. John Bean Technologies has a twelve month low of $56.17 and a twelve month high of $119.78. The firm has a market cap of $2.99 billion, a PE ratio of 22.10, a P/E/G ratio of 4.62 and a beta of 1.36. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.00 and a current ratio of 1.55.
John Bean Technologies (NYSE:JBT) last posted its quarterly earnings data on Monday, July 27th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.74 by $0.35. The business had revenue of $412.00 million during the quarter, compared to the consensus estimate of $396.37 million. John Bean Technologies had a net margin of 7.20% and a return on equity of 27.66%. John Bean Technologies's quarterly revenue was down 16.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.42 EPS. Equities analysts anticipate that John Bean Technologies will post 3.91 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th were paid a $0.10 dividend. This is a boost from John Bean Technologies's previous quarterly dividend of $0.09. The ex-dividend date was Friday, August 21st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.42%. John Bean Technologies's dividend payout ratio is currently 8.06%.
In related news, Director Caroline Maury Devine sold 300 shares of the stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $98.86, for a total transaction of $29,658.00. Following the completion of the sale, the director now owns 50,415 shares in the company, valued at approximately $4,984,026.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian A. Deck sold 280 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $103.79, for a total transaction of $29,061.20. Following the sale, the chief executive officer now owns 50,883 shares of the company's stock, valued at approximately $5,281,146.57. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,580 shares of company stock valued at $882,719. Corporate insiders own 2.20% of the company's stock.
Several institutional investors have recently made changes to their positions in the stock. Schonfeld Strategic Advisors LLC acquired a new stake in shares of John Bean Technologies during the 2nd quarter worth about $282,000. Teachers Retirement System of The State of Kentucky increased its position in shares of John Bean Technologies by 7.3% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 27,024 shares of the industrial products company's stock worth $2,325,000 after purchasing an additional 1,850 shares in the last quarter. Handelsbanken Fonder AB acquired a new stake in shares of John Bean Technologies during the 2nd quarter worth about $486,000. ArrowMark Colorado Holdings LLC increased its position in shares of John Bean Technologies by 8.3% during the 2nd quarter. ArrowMark Colorado Holdings LLC now owns 1,776,388 shares of the industrial products company's stock worth $152,805,000 after purchasing an additional 136,587 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of John Bean Technologies by 3.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 254,386 shares of the industrial products company's stock worth $21,883,000 after purchasing an additional 7,607 shares in the last quarter.
John Bean Technologies Company 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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