John Bean Technologies (NYSE:JBT) Sets New 12-Month Low at $89.73

John Bean Technologies Co. (NYSE:JBT) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $89.73 and last traded at $89.73, with a volume of 13192 shares. The stock had previously closed at $90.18.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird reiterated an “outperform” rating and issued a $121.00 target price on shares of John Bean Technologies in a research note on Monday, January 22nd. One investment analyst has rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $121.00.

John Bean Technologies Stock Performance

The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.78 and a current ratio of 2.27. The stock has a market cap of $2.92 billion, a P/E ratio of 4.87, a price-to-earnings-growth ratio of 1.43 and a beta of 1.29. The company’s 50 day moving average price is $99.79 and its 200-day moving average price is $100.97.

John Bean Technologies (NYSE:JBT) last posted its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.04. The company had revenue of $444.60 million during the quarter, compared to analyst estimates of $445.81 million. John Bean Technologies had a net margin of 33.53% and a return on equity of 12.15%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.49 earnings per share. Equities analysts forecast that John Bean Technologies Co. will post 5.15 EPS for the current fiscal year.

John Bean Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.40 annualized dividend and a yield of 0.44%. John Bean Technologies’s payout ratio is currently 2.12%.

Hedge Funds Weigh In On John Bean Technologies

Several institutional investors have recently added to or reduced their stakes in the stock. Diversified Trust Co grew its position in John Bean Technologies by 36.6% during the first quarter. Diversified Trust Co now owns 13,216 shares of the industrial products company’s stock valued at $1,386,000 after buying an additional 3,541 shares during the period. West Coast Financial LLC lifted its holdings in John Bean Technologies by 0.4% during the first quarter. West Coast Financial LLC now owns 82,215 shares of the industrial products company’s stock valued at $8,624,000 after purchasing an additional 300 shares during the last quarter. Moody National Bank Trust Division purchased a new stake in John Bean Technologies during the first quarter valued at about $281,000. Confluence Investment Management LLC purchased a new stake in John Bean Technologies during the first quarter valued at about $3,386,000. Finally, Quadrature Capital Ltd lifted its holdings in John Bean Technologies by 330.2% during the fourth quarter. Quadrature Capital Ltd now owns 27,145 shares of the industrial products company’s stock valued at $2,705,000 after purchasing an additional 20,835 shares during the last quarter. Institutional investors own 98.92% of the company’s stock.

About John Bean Technologies

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.