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

John Bean Technologies Co. (NYSE:JBT – Get Rating) Director Caroline Maury Devine sold 300 shares of the stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $116.89, for a total value of $35,067.00. Following the completion of the sale, the director now directly owns 48,249 shares in the company, valued at $5,639,825.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, April 18th, Caroline Maury Devine sold 300 shares of John Bean Technologies stock. The stock was sold at an average price of $108.18, for a total value of $32,454.00.
• On Friday, March 18th, Caroline Maury Devine sold 300 shares of John Bean Technologies stock. The stock was sold at an average price of $112.92, for a total value of $33,876.00.

JBT stock traded up $2.16 during trading on Thursday, reaching $118.02. The stock had a trading volume of 100 shares, compared to its average volume of 227,484. John Bean Technologies Co. has a 52 week low of $98.57 and a 52 week high of $177.56. The stock’s 50 day moving average is $114.18 and its two-hundred day moving average is $134.98. The company has a current ratio of 1.30, a quick ratio of 0.84 and a debt-to-equity ratio of 0.85. The firm has a market cap of $3.75 billion, a PE ratio of 31.74, a PEG ratio of 1.35 and a beta of 1.48.

John Bean Technologies (NYSE:JBT – Get Rating) last posted its earnings results on Tuesday, April 26th. The industrial products company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.31. John Bean Technologies had a return on equity of 17.57% and a net margin of 6.09%. During the same period in the prior year, the business earned $0.90 EPS. On average, research analysts anticipate that John Bean Technologies Co. will post 5.14 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 9th. Shareholders of record on Thursday, May 26th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date is Wednesday, May 25th. John Bean Technologies’s dividend payout ratio is 10.96%.

A number of hedge funds have recently bought and sold shares of JBT. Advisor Group Holdings Inc. lifted its holdings in John Bean Technologies by 4.9% in the third quarter. Advisor Group Holdings Inc. now owns 2,977 shares of the industrial products company’s stock valued at $420,000 after acquiring an additional 140 shares during the period. Mackenzie Financial Corp bought a new position in shares of John Bean Technologies in the third quarter worth about $258,000. CIBC Asset Management Inc raised its stake in shares of John Bean Technologies by 3.3% in the third quarter. CIBC Asset Management Inc now owns 2,167 shares of the industrial products company’s stock worth $305,000 after buying an additional 69 shares during the period. Teacher Retirement System of Texas raised its stake in shares of John Bean Technologies by 23.0% in the third quarter. Teacher Retirement System of Texas now owns 5,122 shares of the industrial products company’s stock worth $720,000 after buying an additional 958 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its stake in shares of John Bean Technologies by 77.4% in the third quarter. O Shaughnessy Asset Management LLC now owns 2,942 shares of the industrial products company’s stock worth $414,000 after buying an additional 1,284 shares during the period.

A number of equities research analysts have recently commented on the company. BMO Capital Markets cut their target price on John Bean Technologies from $165.00 to $150.00 in a research note on Thursday, February 24th. Robert W. Baird lowered their price target on John Bean Technologies from $143.00 to $140.00 in a report on Wednesday, April 27th. Wells Fargo & Company lowered their price target on John Bean Technologies from $185.00 to $140.00 and set an “overweight” rating on the stock in a report on Thursday, February 24th. Zacks Investment Research downgraded John Bean Technologies from a “hold” rating to a “strong sell” rating and set a $96.00 price target on the stock. in a report on Thursday, March 3rd. Finally, TheStreet downgraded John Bean Technologies from a “b” rating to a “c+” rating in a report on Monday, March 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $131.20.

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.

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