John Bean Technologies Co. (NYSE:JBT) Short Interest Update – MarketBeat

Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
John Bean Technologies Co. (NYSE:JBT – Get Rating) saw a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 682,300 shares, a decrease of 10.5% from the November 15th total of 762,700 shares. Based on an average daily volume of 194,100 shares, the short-interest ratio is presently 3.5 days. Currently, 2.2% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on JBT. StockNews.com began coverage on shares of John Bean Technologies in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Robert W. Baird cut their price target on shares of John Bean Technologies from $117.00 to $110.00 in a research report on Thursday, October 27th. JPMorgan Chase & Co. cut their price target on shares of John Bean Technologies to $100.00 in a research report on Monday, November 28th. BMO Capital Markets cut their price target on shares of John Bean Technologies from $135.00 to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 2nd. Finally, William Blair downgraded shares of John Bean Technologies from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 27th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, John Bean Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $117.50.

John Bean Technologies Stock Performance

Shares of JBT stock opened at $88.58 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.85 and a current ratio of 1.41. The company has a market capitalization of $2.82 billion, a P/E ratio of 22.71, a price-to-earnings-growth ratio of 1.46 and a beta of 1.37. The company’s 50 day moving average price is $91.79 and its two-hundred day moving average price is $101.97. John Bean Technologies has a 52 week low of $81.59 and a 52 week high of $163.28.
John Bean Technologies (NYSE:JBT – Get Rating) last announced its earnings results on Wednesday, October 26th. The industrial products company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.22 by $0.05. The firm had revenue of $555.40 million for the quarter, compared to the consensus estimate of $557.57 million. John Bean Technologies had a net margin of 6.05% and a return on equity of 17.16%. The business’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period last year, the company posted $1.02 EPS. On average, analysts expect that John Bean Technologies will post 4.66 earnings per share for the current fiscal year.

John Bean Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 2nd. Stockholders of record on Monday, December 19th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, December 16th. This represents a $0.40 annualized dividend and a dividend yield of 0.45%. John Bean Technologies’s dividend payout ratio is currently 10.26%.

Insider Buying and Selling at John Bean Technologies

In other John Bean Technologies news, Director Caroline Maury Devine sold 300 shares of the company’s stock in a transaction dated Tuesday, October 18th. The shares were sold at an average price of $97.35, for a total transaction of $29,205.00. Following the transaction, the director now directly owns 46,749 shares in the company, valued at approximately $4,551,015.15. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other John Bean Technologies news, CEO Brian A. Deck bought 1,500 shares of the business’s stock in a transaction on Friday, October 28th. The shares were bought at an average cost of $90.91 per share, for a total transaction of $136,365.00. Following the transaction, the chief executive officer now owns 73,154 shares in the company, valued at approximately $6,650,430.14. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Caroline Maury Devine sold 300 shares of the company’s stock in a transaction dated Tuesday, October 18th. The shares were sold at an average price of $97.35, for a total transaction of $29,205.00. Following the transaction, the director now owns 46,749 shares in the company, valued at $4,551,015.15. The disclosure for this sale can be found here. In the last three months, insiders have sold 900 shares of company stock worth $84,102. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On John Bean Technologies

Several hedge funds have recently made changes to their positions in JBT. Oliver Lagore Vanvalin Investment Group bought a new position in shares of John Bean Technologies during the 1st quarter worth approximately $30,000. Private Capital Group LLC grew its stake in shares of John Bean Technologies by 154.1% during the 2nd quarter. Private Capital Group LLC now owns 282 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 171 shares in the last quarter. Wipfli Financial Advisors LLC bought a new position in shares of John Bean Technologies during the 3rd quarter worth approximately $32,000. Lazard Asset Management LLC bought a new position in shares of John Bean Technologies in the second quarter valued at $49,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of John Bean Technologies in the first quarter valued at $59,000.

John Bean Technologies Company Profile

(Get Rating)
John Bean Technologies Corporation provides technology solutions to food and beverage industry and equipment and services to air transportation industries. The company operates through two segments: JBT FoodTech and JBT AeroTech. It offers poultry processing, mixing/grinding, injecting, marinating, tumbling, portioning, packaging, coating, cooking, frying, freezing, weighing, X-ray food inspection, and food safety solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider John Bean Technologies, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and John Bean Technologies wasn’t on the list.
While John Bean Technologies currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Complete the form below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter:
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
As Featured By:
326 E 8th St #105, Sioux Falls, SD 57103
contact@marketbeat.com
(844) 978-6257
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.

source