John Bean Technologies (NYSE:JBT) Sets New 12-Month High – Should You Buy?

John Bean Technologies Co. (NYSE:JBT)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $121.44 and last traded at $120.00, with a volume of 2828 shares trading hands. The stock had previously closed at $115.67.

John Bean Technologies Price Performance

The company has a debt-to-equity ratio of 0.41, a current ratio of 2.55 and a quick ratio of 2.00. The company has a 50 day moving average price of $99.00 and a 200 day moving average price of $95.51. The firm has a market cap of $3.79 billion, a PE ratio of 21.64, a PEG ratio of 1.60 and a beta of 1.22.

John Bean Technologies (NYSE:JBT) last released its earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.41 by $0.09. John Bean Technologies had a net margin of 10.25% and a return on equity of 10.16%. The company had revenue of $453.80 million during the quarter, compared to analysts’ expectations of $442.20 million. During the same quarter last year, the business earned $1.11 EPS. The business’s revenue was up 12.4% on a year-over-year basis. Sell-side analysts expect that John Bean Technologies Co. will post 5.21 EPS for the current fiscal year.

Institutional Trading of John Bean Technologies

Several hedge funds have recently modified their holdings of JBT. CWM LLC raised its position in John Bean Technologies by 113.2% in the second quarter. CWM LLC now owns 324 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 172 shares in the last quarter. Wolverine Asset Management LLC acquired a new position in shares of John Bean Technologies during the 3rd quarter worth $39,000. Lazard Asset Management LLC acquired a new position in shares of John Bean Technologies during the 1st quarter worth $61,000. Innealta Capital LLC purchased a new position in shares of John Bean Technologies in the 2nd quarter valued at about $73,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of John Bean Technologies in the second quarter valued at about $85,000. 98.92% of the stock is owned by institutional investors and hedge funds.

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.