Update on Short Interest in John Bean Technologies Co. (NYSE:JBT) – Best Stocks
There was a sizeable reduction in the number of short positions in John Bean Technologies Co. (NYSE: JBT) during November. As of November 15, a total of 762,700 shares had been sold short, but as of November 30, there were only 682,300 shares sold short. The current short-interest ratio is 3.5 days, with an average daily volume of 194,100 shares trading hands. This is based on the fact that the market trades 194,100 shares. Short sales currently account for 2.2% of the company’s total share capital.
The most recent earnings report for John Bean Technologies, traded on the New York Stock Exchange under the ticker symbol “JBT,” was released on October 26. The manufacturer of industrial products reported a quarterly earnings per share figure of $1.27, which is $0.05 more than the consensus forecast of $1.22 for the period in question. In contrast to the widespread belief that quarterly sales would total $557.57 million, the actual amount that the corporation brought in was $555.40 million. This finding contrasts the widely held assumption that quarterly sales would total $557.57 million. The 17.16% return on equity and 6.05% net margin that John Bean Technologies achieved indicate that the company had a successful overall performance on October 26. The manufacturer of industrial products reported a quarterly earnings per share figure of $1.27, which is $0.05 more than the consensus forecast of $1.22 for the period in question.
In contrast to the widespread belief that quarterly sales would total $557.57 million, the actual amount that the corporation brought in was $555.40 million. This finding contrasts the widely held assumption that quarterly sales would total $557.57 million. The 17.16% return on equity and 6.05% net margin that John Bean Technologies achieved indicate that the company had a successful overall performance. The annual growth rate of the company’s quarterly revenue was 16.3% higher than the previous year. Compared to the same quarter’s results in the prior year, the company reported a profit per share of $0.02 in the most recent quarter. During the current fiscal year, John Bean Technologies is expected to bring in revenue per share of $4.66, as indicated by the projections made by specialists in the relevant industry.
JBT stock began trading for the first time on Friday at an opening price of $88.58. There is a debt-to-equity ratio equal to 1.21, a quick ratio equal to 0.85, and a current ratio equal to 1.41. The company has a price-to-growth ratio that comes in at 1.46, a price-to-earnings ratio that comes in at 22.71, and a beta value that comes in at 1.37. It is currently worth $2.82 billion on the market. The moving averages for the last 50 and 200 days of the company’s stock price are currently at $91.79 and $101.96, respectively. Over the last 52 weeks, the price of a share of John Bean Technologies has fluctuated between a low of $81.59 and a high of $163.28.
Recent months have seen an uptick in brokerage firms showing interest in JBT as a possible investment. StockNews.com released a research report on October 12 that marked the beginning of its coverage of shares of John Bean Technologies. The report was published to mark the beginning of the coverage. They advised their clients to “hold” the stock moving forward. Robert W. Baird lowered their price objective on John Bean Technologies from $117.00 to $110.00 in a research report made available to the public on Thursday, October 27. The report was made available on the Robert W. Baird website. JPMorgan Chase & Co. informed investors that their price target for John Bean Technologies shares had been lowered to $100.00 in a research note that was dated November 28. The note was sent out to investors. BMO Capital Markets lowered their price objective on shares of John Bean Technologies from $135.00 to $120.00 in a research note published on November 2; however, they kept their “outperform” recommendation on the company. Finally, in a research note published on Thursday, October 27, William Blair downgraded its recommendation on shares of John Bean Technologies, moving them from an “outperform” rating to a “market perform” rating. Two of the four analysts have assigned the stock a rating of “hold,” while the other two have ratings of “buy.” According to Bloomberg.com, the current price objective for John Bean Technologies is set at $117.50, and the stock is rated as having a “Moderate Buy” rating.
In addition, the corporation declared a quarterly dividend, which will be paid out on January 2 of this year. The date of the distribution is this year. To shareholders who were recorded as holding their shares as of December 19, a $0.10 dividend payment per share will be made. This dividend will not be distributed until after the ex-dividend date, which is this coming Friday, December 16; however, the ex-dividend date has already passed. This translates into an annual dividend payment of $0.40, with a yield on dividend investment of 0.45%. The dividend payout ratio for John Bean Technologies is at its current level of 10.26%.
According to some additional information regarding John Bean Technologies, Caroline Maury Devine, the director of John Bean Technologies, sold 300 shares of the company’s stock on Tuesday, October 18. On average, $97.35 was paid for each share during the transaction, resulting in a total of $29,205 being collected. This price was paid for the transaction. As a direct consequence of the transaction, the director now directly owns 46,749 shares of the company. The total value of these shares is approximately $4,551,015.15, so the director’s stake in the company has increased. You might find a filing that explains the transaction in greater detail on the Securities and Exchange Commission (SEC) website. On Friday, October 28, John Bean Technologies Chief Executive Officer Brian A. Deck purchased 1,500 shares of the company’s stock, as was reported in other news regarding John Bean Technologies. The price paid for each share was $90.91 on average, which brings the total amount spent on the acquisition to $136,365.00. As a result of the transaction, the CEO now has a holding of 73,154 company shares, which have a current value of approximately $6,650,430.14. If you follow the link, which will take you to a legal file submitted to the SEC, you will have the opportunity to acquire additional information regarding the transaction. On October 18, Caroline Maury Devine, also a director of the company, sold 300 shares of the company’s stock. The transaction took place that day. On average, $97.35 was paid for each share during the transaction, which resulted in a total of $29,205 being acquired, and this price was paid for the transaction. Following the completion of the transaction, the director will have a total of 46,749 shares, which at the moment have a value of $4,551,015.15. Disclosures that are related to the sale might be found in this section of the website. During the most recent fiscal quarter, those with inside knowledge of the company sold 900 shares, bringing in a total of $84,102 in proceeds. 1.30 company insiders own a percent of the total shares currently outstanding.
Over the last nine years, Elaine has managed investment portfolio using fundamental analysis and value investing, emphasizing long-term time horizons.
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