John Bean Technologies Corp. Chairman Charles Cannon Jr Unloads 6,000 Shares (JBT)
John Bean Technologies Corp. (NYSE:JBT) Chairman Charles Cannon, Jr. sold 6,000 shares of John Bean Technologies Corp. stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $29.17, for a total value of $175,020.00. Following the completion of the sale, the chairman now directly owns 291,247 shares in the company, valued at approximately $8,495,675. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
JBT has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of John Bean Technologies Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, November 11th. They now have a $27.90 price target on the stock. Separately, analysts at CJS Securities downgraded shares of John Bean Technologies Corp. to a “market perform” rating in a research note to investors on Thursday, October 31st. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $27.90.
John Bean Technologies Corp. (NYSE:JBT) traded up 1.50% on Friday, hitting $29.13. The stock had a trading volume of 1,141,160 shares. John Bean Technologies Corp. has a 52-week low of $17.78 and a 52-week high of $30.00. The stock’s 50-day moving average is $28.68 and its 200-day moving average is $25.26. The company has a market cap of $843.5 million and a P/E ratio of 22.33.
John Bean Technologies Corp. (NYSE:JBT) last released its earnings data on Thursday, October 31st. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. The company had revenue of $233.50 million for the quarter, compared to the consensus estimate of $223.20 million. The company’s quarterly revenue was up 13.7% on a year-over-year basis.
John Bean Technologies Corporation is a global technology solutions provider for the food processing and air transportation industries.
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