John Bean Technologies (NYSE:JBT) Reaches New 1-Year High – Should You Buy?

John Bean Technologies Co. (NYSE:JBTGet Free Report)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $122.90 and last traded at $121.32, with a volume of 241257 shares traded. The stock had previously closed at $120.90.

John Bean Technologies Stock Down 1.1 %

The stock has a market capitalization of $3.71 billion, a P/E ratio of 21.60, a P/E/G ratio of 1.68 and a beta of 1.22. The company has a current ratio of 2.55, a quick ratio of 2.00 and a debt-to-equity ratio of 0.41. The firm’s fifty day moving average is $102.49 and its 200-day moving average is $96.65.

John Bean Technologies (NYSE:JBTGet Free Report) last posted its earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. The company had revenue of $453.80 million during the quarter, compared to analysts’ expectations of $442.20 million. John Bean Technologies had a net margin of 10.25% and a return on equity of 10.16%. John Bean Technologies’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.11 earnings per share. As a group, equities research analysts predict that John Bean Technologies Co. will post 5.23 earnings per share for the current year.

Institutional Trading of John Bean Technologies

Large investors have recently made changes to their positions in the business. CWM LLC raised its holdings in shares of John Bean Technologies by 113.2% in the second quarter. CWM LLC now owns 324 shares of the industrial products company’s stock valued at $31,000 after buying an additional 172 shares during the last quarter. Wolverine Asset Management LLC bought a new position in shares of John Bean Technologies in the third quarter worth about $39,000. Lazard Asset Management LLC acquired a new position in shares of John Bean Technologies during the first quarter worth approximately $61,000. Innealta Capital LLC bought a new stake in shares of John Bean Technologies during the second quarter valued at approximately $73,000. Finally, Kimelman & Baird LLC bought a new stake in shares of John Bean Technologies during the second quarter valued at approximately $85,000. Institutional investors own 98.92% of the company’s stock.

John Bean Technologies Company Profile

(Get Free Report)

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.

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