John Bean Technologies (NYSE:JBT) Sees Strong Trading Volume – Here’s What Happened

Shares of John Bean Technologies Co. (NYSE:JBT) saw unusually-high trading volume on Tuesday . Approximately 165,191 shares were traded during trading, a decline of 42% from the previous session’s volume of 286,018 shares.The stock last traded at $122.27 and had previously closed at $122.25.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on JBT shares. Jefferies Financial Group initiated coverage on John Bean Technologies in a research report on Thursday, December 12th. They issued a “hold” rating and a $130.00 price target for the company. CJS Securities assumed coverage on shares of John Bean Technologies in a report on Thursday, December 12th. They issued an “outperform” rating and a $150.00 target price for the company.

John Bean Technologies Trading Up 1.6 %

The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.00 and a current ratio of 2.55. The company’s 50 day moving average is $115.43 and its 200 day moving average is $101.33. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of 22.81, a PEG ratio of 1.74 and a beta of 1.24.

John Bean Technologies (NYSE:JBT) last issued its earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. John Bean Technologies had a return on equity of 10.16% and a net margin of 10.25%. The business had revenue of $453.80 million during the quarter, compared to analyst estimates of $442.20 million. During the same period in the prior year, the company posted $1.11 earnings per share. John Bean Technologies’s revenue was up 12.4% on a year-over-year basis. On average, research analysts forecast that John Bean Technologies Co. will post 5.23 EPS for the current fiscal year.

John Bean Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.40 annualized dividend and a dividend yield of 0.33%. John Bean Technologies’s dividend payout ratio (DPR) is currently 7.42%.

Institutional Trading of John Bean Technologies

A number of institutional investors have recently bought and sold shares of JBT. Wilmington Savings Fund Society FSB acquired a new position in John Bean Technologies during the third quarter valued at approximately $39,000. Sanctuary Advisors LLC bought a new position in shares of John Bean Technologies during the third quarter worth $258,000. Hohimer Wealth Management LLC acquired a new position in shares of John Bean Technologies in the 3rd quarter valued at $258,000. Teachers Retirement System of The State of Kentucky increased its position in shares of John Bean Technologies by 67.9% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 184,479 shares of the industrial products company’s stock valued at $18,173,000 after buying an additional 74,636 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in John Bean Technologies by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 729,853 shares of the industrial products company’s stock worth $71,912,000 after buying an additional 3,440 shares during the period. 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.