Insider Selling: Charles H. Cannon, Jr. Sells 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 that occurred on Tuesday, February 4th. The shares were sold at an average price of $29.91, for a total value of $179,460.00. Following the completion of the transaction, the chairman now directly owns 267,607 shares of the company’s stock, valued at approximately $8,004,125. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Separately, 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. Five equities research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus target price of $27.90.
Shares of John Bean Technologies Corp. (NYSE:JBT) traded down 1.00% on Wednesday, hitting $29.73. 139,705 shares of the company’s stock traded hands. John Bean Technologies Corp. has a 1-year low of $17.78 and a 1-year high of $32.83. The stock has a 50-day moving average of $30.41 and a 200-day moving average of $26.72. The company has a market cap of $860.9 million and a price-to-earnings ratio of 23.37.
John Bean Technologies Corporation is a global technology solutions provider for the food processing and air transportation industries.
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