Insider Selling: John Bean Technologies Corp. Chairman Unloads 6,000 Shares of Stock (JBT)
John Bean Technologies Corp. (NYSE:JBT) Chairman Charles H. Cannon, Jr. sold 6,000 shares of John Bean Technologies Corp. stock on the open market in a transaction dated Friday, January 10th. The shares were sold at an average price of $30.40, for a total transaction of $182,400.00. Following the completion of the sale, the chairman now directly owns 267,607 shares in the company, valued at approximately $8,135,253. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of John Bean Technologies Corp. (NYSE:JBT) traded down 0.56% on Monday, hitting $30.45. The stock had a trading volume of 238,801 shares. John Bean Technologies Corp. has a one year low of $17.78 and a one year high of $30.90. The stock’s 50-day moving average is $29.05 and its 200-day moving average is $25.63. The company has a market cap of $881.7 million and a P/E ratio of 23.83.
John Bean Technologies Corp. (NYSE:JBT) last released its earnings data on Thursday, October 31st. The company reported $0.27 earnings per share for the quarter, beating the analysts’ 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. John Bean Technologies Corp.’s revenue was up 13.7% compared to the same quarter last year. On average, analysts predict that John Bean Technologies Corp. will post $1.35 earnings per share for the current fiscal year.
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. 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 given a buy rating to the company’s stock. John Bean Technologies Corp. currently has a consensus rating of “Hold” and an average price target of $27.90.
John Bean Technologies Corporation is a global technology solutions provider for the food processing and air transportation industries.
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