John Bean Technologies (NYSE:JBT) Reaches New 12-Month Low at $88.30

John Bean Technologies Co. (NYSE:JBT)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $88.30 and last traded at $89.41, with a volume of 35177 shares trading hands. The stock had previously closed at $90.17.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird reiterated an “outperform” rating and issued a $121.00 price target on shares of John Bean Technologies in a research note on Monday, January 22nd. One analyst has rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $121.00.

John Bean Technologies Stock Performance

The business has a 50 day simple moving average of $98.78 and a 200 day simple moving average of $100.61. The company has a quick ratio of 1.78, a current ratio of 2.27 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $2.89 billion, a PE ratio of 4.82, a PEG ratio of 1.42 and a beta of 1.29.

John Bean Technologies (NYSE:JBT) last released its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.04. John Bean Technologies had a return on equity of 12.15% and a net margin of 33.53%. The company had revenue of $444.60 million during the quarter, compared to analysts’ expectations of $445.81 million. During the same period last year, the business posted $1.49 earnings per share. The firm’s revenue was up .8% compared to the same quarter last year. Equities research analysts predict that John Bean Technologies Co. will post 5.1 EPS for the current fiscal year.

John Bean Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend was Friday, March 8th. John Bean Technologies’s payout ratio is 2.12%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Conestoga Capital Advisors LLC raised its stake in shares of John Bean Technologies by 2.3% in the fourth quarter. Conestoga Capital Advisors LLC now owns 920,281 shares of the industrial products company’s stock worth $91,522,000 after purchasing an additional 21,000 shares during the last quarter. Nordea Investment Management AB grew its holdings in John Bean Technologies by 54.0% during the third quarter. Nordea Investment Management AB now owns 98,365 shares of the industrial products company’s stock worth $10,323,000 after acquiring an additional 34,498 shares during the period. 2Xideas AG acquired a new stake in John Bean Technologies during the third quarter worth about $10,714,000. Diversified Trust Co grew its holdings in John Bean Technologies by 2.9% during the fourth quarter. Diversified Trust Co now owns 9,675 shares of the industrial products company’s stock worth $962,000 after acquiring an additional 275 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in John Bean Technologies by 4.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 343,967 shares of the industrial products company’s stock worth $36,165,000 after acquiring an additional 14,280 shares during the period. 98.92% of the stock is currently owned by hedge funds and other institutional investors.

About John Bean Technologies

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.