John Bean Technologies (NYSE:JBT) Hits New 1-Year Low at $88.30

John Bean Technologies Co. (NYSE:JBT)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $88.30 and last traded at $89.41, with a volume of 35177 shares changing hands. The stock had previously closed at $90.17.

Analysts Set New Price Targets

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 issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $121.00.

John Bean Technologies Price Performance

The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of 4.73, a P/E/G ratio of 1.45 and a beta of 1.29. The company’s 50-day simple moving average is $99.11 and its 200-day simple moving average is $100.69. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.27 and a quick ratio of 1.78.

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

John Bean Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend was Friday, March 8th. John Bean Technologies’s payout ratio is currently 2.12%.

Institutional Trading of John Bean Technologies

Several institutional investors and hedge funds have recently bought and sold shares of JBT. GPS Wealth Strategies Group LLC increased its holdings in shares of John Bean Technologies by 35.5% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 980 shares of the industrial products company’s stock worth $103,000 after buying an additional 257 shares during the last quarter. SG Americas Securities LLC bought a new stake in John Bean Technologies in the 4th quarter worth $143,000. Pathstone Family Office LLC bought a new stake in John Bean Technologies in the 3rd quarter worth $214,000. Dark Forest Capital Management LP purchased a new stake in shares of John Bean Technologies in the 3rd quarter worth about $220,000. Finally, Jump Financial LLC purchased a new stake in shares of John Bean Technologies in the 4th quarter worth about $211,000. 98.92% of the stock is currently owned by hedge funds and other institutional investors.

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.