John Bean Technologies (NYSE:JBT) Reaches New 12-Month High – Time to Buy?

Shares of John Bean Technologies Co. (NYSE:JBT) reached a new 52-week high on Wednesday . The company traded as high as $121.44 and last traded at $120.00, with a volume of 2828 shares traded. The stock had previously closed at $115.67.

John Bean Technologies Trading Up 3.4 %

The company’s fifty day moving average is $97.84 and its two-hundred day moving average is $95.19. The company has a quick ratio of 2.00, a current ratio of 2.55 and a debt-to-equity ratio of 0.41. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 1.60 and a beta of 1.22.

John Bean Technologies (NYSE:JBT) last announced its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. The business had revenue of $453.80 million for the quarter, compared to analyst estimates of $442.20 million. John Bean Technologies had a net margin of 10.25% and a return on equity of 10.16%. The company’s revenue was up 12.4% on a year-over-year basis. During the same period last year, the business earned $1.11 EPS. On average, research analysts predict that John Bean Technologies Co. will post 5.21 EPS for the current fiscal year.

John Bean Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were issued a $0.10 dividend. The ex-dividend date was Monday, August 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.33%. John Bean Technologies’s payout ratio is currently 7.42%.

Institutional Investors Weigh In On John Bean Technologies

Several institutional investors have recently added to or reduced their stakes in JBT. CWM LLC raised its holdings in John Bean Technologies by 113.2% during the second quarter. CWM LLC now owns 324 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 172 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in John Bean Technologies during the 3rd quarter worth $39,000. Lazard Asset Management LLC purchased a new stake in John Bean Technologies in the first quarter valued at $61,000. Innealta Capital LLC acquired a new position in John Bean Technologies in the second quarter valued at $73,000. Finally, Kimelman & Baird LLC purchased a new position in shares of John Bean Technologies during the second quarter worth about $85,000. Hedge funds and other 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.