John Bean Technologies Co. (NYSE:JBT) Short Interest Up 13.0% in April

John Bean Technologies Co. (NYSE:JBTGet Free Report) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 1,300,000 shares, a growth of 13.0% from the April 15th total of 1,150,000 shares. Based on an average trading volume of 223,900 shares, the days-to-cover ratio is presently 5.8 days. Currently, 4.1% of the company’s stock are sold short.

Wall Street Analyst Weigh In

JBT has been the subject of a number of analyst reports. Robert W. Baird restated an “outperform” rating and set a $121.00 price objective on shares of John Bean Technologies in a research note on Monday, January 22nd. William Blair reissued a “market perform” rating on shares of John Bean Technologies in a research report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $121.00.

Check Out Our Latest Analysis on JBT

John Bean Technologies Stock Performance

Shares of JBT stock opened at $94.98 on Wednesday. The company has a current ratio of 2.37, a quick ratio of 1.83 and a debt-to-equity ratio of 0.43. The company has a market cap of $3.02 billion, a PE ratio of 5.07, a PEG ratio of 1.43 and a beta of 1.29. John Bean Technologies has a 12-month low of $88.03 and a 12-month high of $125.88. The business’s fifty day simple moving average is $96.37 and its 200-day simple moving average is $99.74.

John Bean Technologies (NYSE:JBTGet Free Report) last announced its earnings results on Wednesday, May 1st. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.03. John Bean Technologies had a return on equity of 10.56% and a net margin of 36.12%. The company had revenue of $392.30 million for the quarter, compared to analyst estimates of $396.55 million. During the same period in the prior year, the company posted $0.94 EPS. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. Analysts expect that John Bean Technologies will post 5.14 earnings per share for the current fiscal year.

John Bean Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.42%. The ex-dividend date is Wednesday, May 22nd. John Bean Technologies’s dividend payout ratio is presently 2.13%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. increased its position in shares of John Bean Technologies by 162.1% in the 1st quarter. UMB Bank n.a. now owns 249 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 154 shares during the period. Lazard Asset Management LLC acquired a new position in shares of John Bean Technologies in the first quarter valued at about $61,000. SG Americas Securities LLC purchased a new position in shares of John Bean Technologies in the fourth quarter worth about $143,000. Pathstone Family Office LLC acquired a new stake in shares of John Bean Technologies during the third quarter worth about $214,000. Finally, Dark Forest Capital Management LP purchased a new stake in John Bean Technologies in the third quarter valued at approximately $220,000. Hedge funds and other institutional investors own 98.92% of the company’s stock.

John Bean Technologies Company Profile

(Get Free Report)

John Bean Technologies Corporation provides technology solutions to food and beverage industry in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It offers value-added processing that includes chilling, mixing/grinding, injecting, blending, marinating, tumbling, flattening, forming, portioning, coating, cooking, frying, freezing, extracting, pasteurizing, sterilizing, concentrating, high pressure processing, weighing, inspecting, filling, closing, sealing, end of line material handling, and packaging solutions to the food, beverage, and health market.

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