Insider Selling: Charles H. Cannon, Jr. Unloads 6,000 Shares of John Bean Technologies Corp. Stock (JBT)
John Bean Technologies Corp. (NYSE:JBT) Chairman Charles H. Cannon, Jr. sold 6,000 shares of John Bean Technologies Corp. stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $32.37, for a total transaction of $194,220.00. Following the transaction, the chairman now directly owns 267,607 shares of the company’s stock, valued at approximately $8,662,439. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of John Bean Technologies Corp. (NYSE:JBT) traded down 0.52% on Wednesday, hitting $32.51. 85,452 shares of the company’s stock traded hands. John Bean Technologies Corp. has a 52 week low of $17.78 and a 52 week high of $32.70. The stock has a 50-day moving average of $29.50 and a 200-day moving average of $26.15. The company has a market cap of $941.4 million and a P/E ratio of 25.43.
JBT has been the subject of a number of recent research reports. 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. The company has a consensus rating of “Hold” and a consensus 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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