John Bean Technologies Co. (NYSE:JBT) Director Caroline Maury Devine Sells 300 Shares of Stock

John Bean Technologies Co. (NYSE:JBTGet Rating) Director Caroline Maury Devine sold 300 shares of John Bean Technologies stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $93.21, for a total transaction of $27,963.00. Following the sale, the director now owns 46,449 shares of the company’s stock, valued at $4,329,511.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Caroline Maury Devine also recently made the following trade(s):

  • On Tuesday, October 18th, Caroline Maury Devine sold 300 shares of John Bean Technologies stock. The shares were sold at an average price of $97.35, for a total transaction of $29,205.00.
  • On Monday, September 19th, Caroline Maury Devine sold 300 shares of John Bean Technologies stock. The shares were sold at an average price of $89.78, for a total transaction of $26,934.00.

John Bean Technologies Stock Down 2.0 %

Shares of NYSE JBT opened at $90.44 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 1.41 and a debt-to-equity ratio of 1.21. John Bean Technologies Co. has a 52 week low of $81.59 and a 52 week high of $177.56. The firm’s fifty day moving average is $91.57 and its 200 day moving average is $105.32. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 1.50 and a beta of 1.39.

John Bean Technologies (NYSE:JBTGet Rating) last issued its earnings results on Thursday, October 27th. The industrial products company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.19 by $0.08. John Bean Technologies had a net margin of 6.05% and a return on equity of 17.16%. The company had revenue of $555.40 million for the quarter, compared to the consensus estimate of $557.57 million. During the same period in the previous year, the firm earned $1.02 earnings per share. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. On average, equities research analysts expect that John Bean Technologies Co. will post 4.65 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Alpha Paradigm Partners LLC purchased a new position in John Bean Technologies during the 3rd quarter valued at $347,000. Cascade Investment Advisors Inc. boosted its holdings in shares of John Bean Technologies by 3.2% during the 3rd quarter. Cascade Investment Advisors Inc. now owns 10,013 shares of the industrial products company’s stock valued at $913,000 after buying an additional 315 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of John Bean Technologies by 5.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 32,936 shares of the industrial products company’s stock valued at $2,832,000 after buying an additional 1,710 shares in the last quarter. Twinbeech Capital LP boosted its holdings in shares of John Bean Technologies by 1,088.6% during the 3rd quarter. Twinbeech Capital LP now owns 45,500 shares of the industrial products company’s stock valued at $3,913,000 after buying an additional 41,672 shares in the last quarter. Finally, Two Sigma Investments LP bought a new stake in shares of John Bean Technologies during the 3rd quarter valued at $726,000.

Analyst Ratings Changes

Several research analysts have commented on the stock. BMO Capital Markets decreased their price target on shares of John Bean Technologies from $135.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 2nd. StockNews.com assumed coverage on shares of John Bean Technologies in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. William Blair downgraded shares of John Bean Technologies from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 27th. Finally, Robert W. Baird decreased their price target on shares of John Bean Technologies from $117.00 to $110.00 in a research note on Thursday, October 27th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, John Bean Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $123.33.

About John Bean Technologies

(Get Rating)

John Bean Technologies Corporation provides technology solutions to food and beverage industry and equipment and services to air transportation industries. The company operates through two segments: JBT FoodTech and JBT AeroTech. It offers poultry processing, mixing/grinding, injecting, marinating, tumbling, portioning, packaging, coating, cooking, frying, freezing, weighing, X-ray food inspection, and food safety solutions.

Featured Stories

Insider Buying and Selling by Quarter for John Bean Technologies (NYSE:JBT)

Receive News & Ratings for John Bean Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for John Bean Technologies and related companies with MarketBeat.com's FREE daily email newsletter.