John Bean Technologies Corp. Chairman Unloads $184,500 in Stock (JBT)
John Bean Technologies Corp. (NYSE:JBT) Chairman Charles H. Cannon, Jr. sold 6,000 shares of the stock on the open market in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $30.75, for a total value of $184,500.00. Following the completion of the transaction, the chairman now directly owns 267,607 shares of the company’s stock, valued at approximately $8,228,915. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
John Bean Technologies Corp. (NYSE:JBT) traded up 3.34% on Wednesday, hitting $32.20. The stock had a trading volume of 308,642 shares. John Bean Technologies Corp. has a 52 week low of $17.78 and a 52 week high of $31.20. The stock has a 50-day moving average of $29.14 and a 200-day moving average of $25.83. The company has a market cap of $932.4 million and a P/E ratio of 24.25.
John Bean Technologies Corp. (NYSE:JBT) last released its 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. On average, analysts predict that John Bean Technologies Corp. will post $1.35 earnings per share for the current fiscal year.
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. 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 assigned a buy rating to the company. The stock has an average 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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