Insider Selling: Ronald Mambu Sells 4,000 Shares of John Bean Technologies Corp. Stock (JBT)
John Bean Technologies Corp. (NYSE:JBT) CFO Ronald Mambu unloaded 4,000 shares of John Bean Technologies Corp. stock on the open market in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $29.67, for a total transaction of $118,680.00. Following the completion of the transaction, the chief financial officer now directly owns 85,086 shares in the company, valued at approximately $2,524,502. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on JBT. 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 investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $27.90.
Shares of John Bean Technologies Corp. (NYSE:JBT) traded up 1.41% on Tuesday, hitting $30.17. The stock had a trading volume of 183,070 shares. John Bean Technologies Corp. has a 52 week low of $17.78 and a 52 week high of $30.00. The stock has a 50-day moving average of $28.76 and a 200-day moving average of $25.42. The company has a market cap of $873.6 million and a price-to-earnings ratio of 23.15.
John Bean Technologies Corp. (NYSE:JBT) last announced its earnings results on Thursday, October 31st. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that John Bean Technologies Corp. will post $1.35 earnings per share for the current fiscal year.
John Bean Technologies Corporation is a global technology solutions provider for the food processing and air transportation industries.
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