Insider Selling: Charles Cannon Jr Unloads 6,000 Shares of John Bean Technologies Corp. Stock (JBT)
John Bean Technologies Corp. (NYSE:JBT) Chairman Charles Cannon, Jr. sold 6,000 shares of the company’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $30.21, for a total value of $181,260.00. Following the completion of the transaction, the chairman now directly owns 267,607 shares in the company, valued at approximately $8,084,407. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $27.90.
Shares of John Bean Technologies Corp. (NYSE:JBT) traded up 0.59% during mid-day trading on Thursday, hitting $30.49. The stock had a trading volume of 77,986 shares. John Bean Technologies Corp. has a 1-year low of $17.78 and a 1-year high of $30.56. The stock’s 50-day moving average is $28.90 and its 200-day moving average is $25.52. The company has a market cap of $882.9 million and a P/E ratio of 23.59.
John Bean Technologies Corp. (NYSE:JBT) last issued its quarterly 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 revenue for the quarter was up 13.7% on a year-over-year basis. Analysts expect that John Bean Technologies Corp. will post $1.35 EPS 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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