John Bean Technologies (NYSE:JBT) Sets New 12-Month High – What’s Next?

John Bean Technologies Co. (NYSE:JBT)’s share price reached a new 52-week high 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 Trading Up 0.3 %

The firm has a market capitalization of $3.86 billion, a PE ratio of 22.45, a P/E/G ratio of 1.59 and a beta of 1.22. The business has a 50 day moving average price of $101.33 and a 200-day moving average price of $96.32. The company has a current ratio of 2.55, a quick ratio of 2.00 and a debt-to-equity ratio of 0.41.

John Bean Technologies (NYSE:JBT) last issued its earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.11 EPS. Analysts expect that John Bean Technologies Co. will post 5.21 earnings per share for the current year.

Hedge Funds Weigh In On John Bean Technologies

Several hedge funds have recently bought and sold shares of the company. PEAK6 Investments LLC purchased a new position in John Bean Technologies in the 3rd quarter valued at approximately $356,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in John Bean Technologies by 170.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 842,184 shares of the industrial products company’s stock valued at $82,964,000 after purchasing an additional 531,298 shares in the last quarter. Quantbot Technologies LP purchased a new position in John Bean Technologies in the 3rd quarter valued at approximately $550,000. Charles Schwab Investment Management Inc. increased its stake 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 valued at $38,752,000 after purchasing an additional 11,474 shares in the last quarter. Finally, Intech Investment Management LLC increased its stake in John Bean Technologies by 139.3% in the 3rd quarter. Intech Investment Management LLC now owns 12,712 shares of the industrial products company’s stock valued at $1,252,000 after purchasing an additional 7,399 shares in the last quarter. 98.92% of the stock is owned by hedge funds and other institutional investors.

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.