John Bean Technologies Corp (NYSE:JBT) – Investment analysts at Seaport Global Securities upped their Q4 2020 earnings per share estimates for shares of John Bean Technologies in a research report issued on Tuesday, April 30th, according to Zacks Investment Research. Seaport Global Securities analyst W. Liptak now expects that the industrial products company will post earnings per share of $1.73 for the quarter, up from their previous estimate of $1.72.
John Bean Technologies (NYSE:JBT) last released its quarterly earnings results on Monday, April 29th. The industrial products company reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.31. The firm had revenue of $417.50 million for the quarter, compared to analysts’ expectations of $390.44 million. John Bean Technologies had a net margin of 6.36% and a return on equity of 34.12%. The business’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 EPS.
JBT has been the topic of several other reports. Zacks Investment Research raised shares of John Bean Technologies from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. ValuEngine raised shares of John Bean Technologies from a “sell” rating to a “hold” rating in a report on Thursday, February 28th. Wells Fargo & Co raised their target price on shares of John Bean Technologies from $90.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, February 27th. Wellington Shields cut shares of John Bean Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Finally, Robert W. Baird set a $83.00 target price on shares of John Bean Technologies and gave the stock a “hold” rating in a report on Friday, January 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $103.60.
John Bean Technologies stock traded up $1.73 during trading hours on Thursday, hitting $105.46. The company had a trading volume of 118,400 shares, compared to its average volume of 191,055. The stock has a market cap of $3.55 billion, a P/E ratio of 24.64, a P/E/G ratio of 2.22 and a beta of 1.47. The company has a quick ratio of 0.88, a current ratio of 1.38 and a debt-to-equity ratio of 0.94. John Bean Technologies has a one year low of $66.28 and a one year high of $123.90.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. John Bean Technologies’s dividend payout ratio is presently 9.35%.
In other news, EVP James L. Marvin sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $92.53, for a total transaction of $138,795.00. Following the transaction, the executive vice president now directly owns 24,679 shares of the company’s stock, valued at $2,283,547.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.23% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio increased its stake in John Bean Technologies by 62.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 357 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 137 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in John Bean Technologies in the fourth quarter valued at approximately $36,000. Quantamental Technologies LLC bought a new position in John Bean Technologies in the first quarter valued at approximately $81,000. Advisor Group Inc. increased its stake in John Bean Technologies by 18.2% in the fourth quarter. Advisor Group Inc. now owns 1,421 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 219 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in John Bean Technologies by 7.3% in the first quarter. Parallel Advisors LLC now owns 1,520 shares of the industrial products company’s stock valued at $140,000 after acquiring an additional 103 shares during the last quarter.
About John Bean Technologies
John Bean Technologies Corporation provides technology solutions to food and beverage industry and equipment and services to air transportation industries. The company operates through JBT FoodTech and JBT AeroTech segments. It provides chilling, mixing/grinding, injecting, marinating, tumbling, portioning, packaging, coating, frying, freezing, weighing, X-ray food inspection, and packaging systems for poultry, beef, pork, and seafood, as well as ready-to-eat meals, fruits, vegetables, dairy, and bakery products; solutions to extract, concentrate, and aseptically process citrus, tomato and other fruits, vegetables, and juices; and solutions for the filling, closing, and preservation of fruits, vegetables, soups, sauces, and dairy and pet food products, as well as ready-to-eat meals.
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