John Bean Technologies (NYSE:JBT) Hits New 12-Month High – What’s Next?

John Bean Technologies Co. (NYSE:JBT)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $123.68 and last traded at $123.20, with a volume of 98864 shares traded. The stock had previously closed at $120.69.

John Bean Technologies Trading Up 1.0 %

The business has a 50 day moving average of $107.05 and a 200-day moving average of $98.14. The stock has a market cap of $3.99 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 1.72 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.

John Bean Technologies (NYSE:JBT) last posted its quarterly earnings data 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. The business had revenue of $453.80 million for the quarter, compared to analyst estimates of $442.20 million. John Bean Technologies had a return on equity of 10.16% and a net margin of 10.25%. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.11 earnings per share. On average, analysts anticipate that John Bean Technologies Co. will post 5.23 EPS for the current year.

Institutional Trading of John Bean Technologies

A number of hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC boosted its holdings in shares of John Bean Technologies by 192.5% during the second quarter. SG Americas Securities LLC now owns 8,911 shares of the industrial products company’s stock worth $846,000 after purchasing an additional 5,865 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in John Bean Technologies by 37.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 236,865 shares of the industrial products company’s stock worth $22,495,000 after buying an additional 64,280 shares during the last quarter. Susquehanna International Group Ltd. purchased a new stake in John Bean Technologies in the 2nd quarter valued at about $945,000. Pathstone Holdings LLC increased its stake in shares of John Bean Technologies by 21.5% during the 3rd quarter. Pathstone Holdings LLC now owns 24,445 shares of the industrial products company’s stock valued at $2,408,000 after acquiring an additional 4,325 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. increased its stake in shares of John Bean Technologies by 880.9% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 28,534 shares of the industrial products company’s stock valued at $2,710,000 after acquiring an additional 25,625 shares during the last quarter. Institutional investors and hedge funds own 98.92% of the company’s stock.

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.