John Bean Technologies Corp. Chairman Unloads $175,560 in Stock (JBT)
John Bean Technologies Corp. (NYSE:JBT) Chairman Charles Cannon, Jr. sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $29.26, for a total value of $175,560.00. Following the sale, the chairman now directly owns 267,607 shares in the company, valued at approximately $7,830,181. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on JBT shares. 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 equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $27.90.
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.
John Bean Technologies Corporation is a global technology solutions provider for the food processing and air transportation industries.
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