John Bean Technologies (NYSE:JBT) Sets New 52-Week High – Here’s What Happened

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

John Bean Technologies Stock Up 1.9 %

The business’s 50 day moving average is $99.00 and its 200-day moving average is $95.51. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.55 and a quick ratio of 2.00. The company has a market cap of $3.79 billion, a PE ratio of 21.64, a P/E/G ratio of 1.60 and a beta of 1.22.

John Bean Technologies (NYSE:JBT) last issued its earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. John Bean Technologies had a net margin of 10.25% and a return on equity of 10.16%. The firm had revenue of $453.80 million during the quarter, compared to the consensus estimate of $442.20 million. During the same quarter in the previous year, the firm posted $1.11 earnings per share. The company’s revenue was up 12.4% compared to the same quarter last year. As a group, analysts predict that John Bean Technologies Co. will post 5.21 EPS for the current year.

Institutional Trading of John Bean Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. CWM LLC boosted its holdings in shares of John Bean Technologies by 113.2% in the second quarter. CWM LLC now owns 324 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 172 shares during the period. Wolverine Asset Management LLC purchased a new position in John Bean Technologies during the 3rd quarter worth $39,000. Lazard Asset Management LLC purchased a new position in John Bean Technologies during the 1st quarter worth $61,000. Innealta Capital LLC purchased a new stake in shares of John Bean Technologies in the second quarter valued at about $73,000. Finally, Kimelman & Baird LLC purchased a new stake in shares of John Bean Technologies in the second quarter valued at about $85,000. Institutional investors and hedge funds 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.