John Bean Technologies (NYSE:JBT) Sees Strong Trading Volume – Time to Buy?

John Bean Technologies Co. (NYSE:JBT) shares saw strong trading volume on Tuesday . 165,191 shares changed hands during mid-day trading, a decline of 42% from the previous session’s volume of 286,018 shares.The stock last traded at $122.27 and had previously closed at $122.25.

Analyst Ratings Changes

Several research analysts have recently weighed in on JBT shares. Jefferies Financial Group assumed coverage on John Bean Technologies in a report on Thursday, December 12th. They set a “hold” rating and a $130.00 target price on the stock. CJS Securities began coverage on John Bean Technologies in a research note on Thursday, December 12th. They set an “outperform” rating and a $150.00 price objective on the stock.

John Bean Technologies Stock Up 0.1 %

The firm’s fifty day simple moving average is $114.99 and its two-hundred day simple moving average is $101.15. The company has a current ratio of 2.55, a quick ratio of 2.00 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 22.68, a price-to-earnings-growth ratio of 1.74 and a beta of 1.24.

John Bean Technologies (NYSE:JBT) last released its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. The firm had revenue of $453.80 million for the quarter, compared to analysts’ expectations of $442.20 million. John Bean Technologies had a return on equity of 10.16% and a net margin of 10.25%. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.11 earnings per share. Sell-side analysts anticipate that John Bean Technologies Co. will post 5.23 EPS for the current year.

John Bean Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date is Friday, December 13th. John Bean Technologies’s payout ratio is 7.42%.

Institutional Investors Weigh In On John Bean Technologies

Institutional investors have recently made changes to their positions in the stock. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of John Bean Technologies by 57.5% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,279,425 shares of the industrial products company’s stock valued at $121,507,000 after buying an additional 466,846 shares during the period. Conestoga Capital Advisors LLC increased its stake in John Bean Technologies by 2.7% during the second quarter. Conestoga Capital Advisors LLC now owns 951,534 shares of the industrial products company’s stock worth $90,367,000 after purchasing an additional 24,981 shares during the period. Royce & Associates LP grew its stake in shares of John Bean Technologies by 7.2% in the third quarter. Royce & Associates LP now owns 858,523 shares of the industrial products company’s stock worth $84,573,000 after acquiring an additional 57,371 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of John Bean Technologies by 170.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 842,184 shares of the industrial products company’s stock valued at $82,964,000 after acquiring an additional 531,298 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in John Bean Technologies by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 778,178 shares of the industrial products company’s stock valued at $73,908,000 after purchasing an additional 19,549 shares during the period. 98.92% of the stock is currently owned by institutional investors and hedge funds.

John Bean Technologies Company Profile

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.