John Bean Technologies Corp CFO Acquires $86,130 in Stock (JBT)
John Bean Technologies Corp (NYSE:JBT) CFO Brian A. Deck purchased 3,000 shares of John Bean Technologies Corp stock on the open market in a transaction dated Thursday, June 5th. The shares were purchased at an average price of $28.71 per share, with a total value of $86,130.00. Following the completion of the acquisition, the chief financial officer now directly owns 13,462 shares of the company’s stock, valued at approximately $386,494. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Global Hunter Securities reiterated a “buy” rating on shares of John Bean Technologies Corp in a research note on Tuesday, May 27th. They now have a $35.00 price target on the stock, down previously from $40.00. Separately, analysts at TheStreet downgraded shares of John Bean Technologies Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, May 7th. Finally, analysts at Zacks upgraded shares of John Bean Technologies Corp from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 6th. They now have a $29.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. John Bean Technologies Corp currently has an average rating of “Hold” and a consensus price target of $32.00.
John Bean Technologies Corp (NYSE:JBT) traded up 3.81% during mid-day trading on Friday, hitting $29.97. The stock had a trading volume of 67,612 shares. John Bean Technologies Corp has a 52 week low of $20.74 and a 52 week high of $32.83. The stock’s 50-day moving average is $29.26 and its 200-day moving average is $29.7. The company has a market cap of $873.3 million and a P/E ratio of 35.21.
John Bean Technologies Corp (NYSE:JBT) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.03 by $0.12. The company had revenue of $198.00 million for the quarter, compared to the consensus estimate of $203.35 million. The company’s quarterly revenue was up 6.6% on a year-over-year basis. Analysts expect that John Bean Technologies Corp will post $1.42 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 9th. Stockholders of record on Monday, May 26th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Wednesday, May 21st.
John Bean Technologies Corporation is a global technology solutions provider for the food processing and air transportation industries.
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