John Bean Technologies (NYSE:JBT) Hits New 1-Year Low at $88.03

Shares of John Bean Technologies Co. (NYSE:JBT) hit a new 52-week low during trading on Thursday . The company traded as low as $88.03 and last traded at $89.06, with a volume of 76218 shares traded. The stock had previously closed at $88.84.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird reissued an “outperform” rating and issued a $121.00 price objective on shares of John Bean Technologies in a research report on Monday, January 22nd. One research analyst has rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.00.

John Bean Technologies Price Performance

The company’s 50-day moving average is $97.83 and its two-hundred day moving average is $100.22. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.27 and a quick ratio of 1.78. The firm has a market cap of $2.85 billion, a P/E ratio of 4.71, a PEG ratio of 1.43 and a beta of 1.29.

John Bean Technologies (NYSE:JBT) last posted its earnings results on Wednesday, May 1st. The industrial products company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. The firm had revenue of $392.30 million during the quarter, compared to analysts’ expectations of $396.55 million. John Bean Technologies had a net margin of 33.53% and a return on equity of 12.15%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.94 earnings per share. Sell-side analysts anticipate that John Bean Technologies Co. will post 5.1 EPS for the current fiscal year.

John Bean Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were issued a $0.10 dividend. The ex-dividend date was Friday, March 8th. This represents a $0.40 dividend on an annualized basis and a yield of 0.45%. John Bean Technologies’s dividend payout ratio (DPR) is presently 2.12%.

Institutional Trading of John Bean Technologies

Large investors have recently modified their holdings of the stock. UMB Bank n.a. lifted its holdings in shares of John Bean Technologies by 162.1% in the 1st quarter. UMB Bank n.a. now owns 249 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 154 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its stake in John Bean Technologies by 35.5% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 980 shares of the industrial products company’s stock valued at $103,000 after acquiring an additional 257 shares in the last quarter. SG Americas Securities LLC bought a new position in John Bean Technologies during the 4th quarter valued at $143,000. Pathstone Family Office LLC bought a new position in John Bean Technologies during the 3rd quarter valued at $214,000. Finally, Dark Forest Capital Management LP bought a new position in John Bean Technologies during the 3rd quarter valued at $220,000. Institutional investors and hedge funds 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.