John Bean Technologies (NYSE:JBT) Hits New 12-Month Low at $89.73

John Bean Technologies Co. (NYSE:JBT) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $89.73 and last traded at $89.73, with a volume of 13192 shares changing hands. The stock had previously closed at $90.18.

Analyst Upgrades and Downgrades

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

John Bean Technologies Stock Up 0.6 %

The business has a 50-day moving average price of $100.26 and a two-hundred day moving average price of $101.14. 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 firm has a market cap of $2.89 billion, a PE ratio of 4.79, a price-to-earnings-growth ratio of 1.43 and a beta of 1.29.

John Bean Technologies (NYSE:JBT) last posted its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $1.40 earnings per share for the quarter, topping 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 business had revenue of $444.60 million for the quarter, compared to analyst estimates of $445.81 million. During the same quarter in the prior year, the company earned $1.49 earnings per share. The company’s revenue was up .8% on a year-over-year basis. On average, equities research analysts expect that John Bean Technologies Co. will post 5.15 EPS for the current year.

John Bean Technologies Announces Dividend

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

Institutional Trading of John Bean Technologies

A number of large investors have recently modified their holdings of the stock. Point72 Hong Kong Ltd grew its stake in shares of John Bean Technologies by 19.2% during the second quarter. Point72 Hong Kong Ltd now owns 597 shares of the industrial products company’s stock worth $66,000 after purchasing an additional 96 shares in the last quarter. Metropolitan Life Insurance Co NY grew its stake in shares of John Bean Technologies by 5.8% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 1,944 shares of the industrial products company’s stock worth $178,000 after purchasing an additional 106 shares in the last quarter. Arizona State Retirement System grew its stake in shares of John Bean Technologies by 1.4% during the third quarter. Arizona State Retirement System now owns 9,060 shares of the industrial products company’s stock worth $953,000 after purchasing an additional 123 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in shares of John Bean Technologies by 0.5% during the first quarter. Great West Life Assurance Co. Can now owns 27,620 shares of the industrial products company’s stock worth $3,359,000 after purchasing an additional 149 shares in the last quarter. Finally, OLD National Bancorp IN grew its stake in shares of John Bean Technologies by 7.6% during the third quarter. OLD National Bancorp IN now owns 2,249 shares of the industrial products company’s stock worth $236,000 after purchasing an additional 158 shares in the last quarter. Hedge funds and other institutional investors 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.