John Bean Technologies Corp (JBT) EVP Carlos Fernandez Sells 1,000 Shares

John Bean Technologies Corp (NYSE:JBT) EVP Carlos Fernandez sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $80.56, for a total value of $80,560.00. Following the completion of the transaction, the executive vice president now directly owns 16,212 shares in the company, valued at $1,306,038.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

NYSE:JBT opened at $82.54 on Friday. The stock has a market capitalization of $2.61 billion, a P/E ratio of 22.07, a PEG ratio of 1.30 and a beta of 1.26. John Bean Technologies Corp has a one year low of $76.10 and a one year high of $123.90. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.38 and a quick ratio of 0.87.

John Bean Technologies (NYSE:JBT) last posted its quarterly earnings results on Wednesday, October 31st. The industrial products company reported $1.06 EPS for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.05). The firm had revenue of $481.90 million during the quarter, compared to analyst estimates of $489.81 million. John Bean Technologies had a return on equity of 28.31% and a net margin of 4.32%. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the business posted $0.82 earnings per share. On average, analysts predict that John Bean Technologies Corp will post 4.02 EPS for the current year.

JBT has been the topic of a number of analyst reports. BMO Capital Markets dropped their target price on John Bean Technologies to $105.00 and set an “outperform” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. downgraded John Bean Technologies from a “neutral” rating to an “underweight” rating and set a $88.00 price target for the company. in a research note on Friday, September 21st. Zacks Investment Research downgraded John Bean Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, August 16th. ValuEngine downgraded John Bean Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Finally, Robert W. Baird decreased their price target on John Bean Technologies from $119.00 to $95.00 and set a “hold” rating for the company in a research note on Friday, November 2nd. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $100.57.

A number of large investors have recently bought and sold shares of the stock. First Midwest Bank Trust Division raised its holdings in shares of John Bean Technologies by 11.9% during the second quarter. First Midwest Bank Trust Division now owns 4,662 shares of the industrial products company’s stock valued at $414,000 after buying an additional 494 shares during the last quarter. Gamco Investors INC. ET AL raised its holdings in shares of John Bean Technologies by 3.9% during the second quarter. Gamco Investors INC. ET AL now owns 13,260 shares of the industrial products company’s stock valued at $1,179,000 after buying an additional 500 shares during the last quarter. Wasatch Advisors Inc. raised its holdings in shares of John Bean Technologies by 1.6% during the second quarter. Wasatch Advisors Inc. now owns 32,100 shares of the industrial products company’s stock valued at $2,854,000 after buying an additional 502 shares during the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of John Bean Technologies by 8.0% during the second quarter. Crossmark Global Holdings Inc. now owns 6,847 shares of the industrial products company’s stock valued at $609,000 after buying an additional 510 shares during the last quarter. Finally, Amalgamated Bank raised its holdings in shares of John Bean Technologies by 13.0% during the second quarter. Amalgamated Bank now owns 5,117 shares of the industrial products company’s stock valued at $455,000 after buying an additional 588 shares during the last quarter.

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John Bean Technologies Company Profile

John Bean Technologies Corporation designs, manufactures, tests, installs, and services products and systems for the food and beverage, and 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 solutions, 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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