Insider Selling: John Bean Technologies Corp. CFO Sells 2,902 Shares of Stock (JBT)
John Bean Technologies Corp. (NYSE:JBT) CFO Ronald D. Mambu sold 2,902 shares of John Bean Technologies Corp. stock on the open market in a transaction dated Thursday, January 9th. The stock was sold at an average price of $30.48, for a total transaction of $88,452.96. Following the sale, the chief financial officer now directly owns 74,184 shares of the company’s stock, valued at approximately $2,261,128. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
John Bean Technologies Corp. (NYSE:JBT) last posted its quarterly earnings results 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.
Several analysts have recently commented on the stock. 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. 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 assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $27.90.
John Bean Technologies Corporation is a global technology solutions provider for the food processing and air transportation industries.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.