John Bean Technologies (NYSE:JBT) Sets New 52-Week High – Time to Buy?

John Bean Technologies Co. (NYSE:JBT) shares hit a new 52-week high on Thursday . The stock traded as high as $113.09 and last traded at $111.81, with a volume of 21857 shares. The stock had previously closed at $112.15.

John Bean Technologies Stock Performance

The stock’s fifty day simple moving average is $94.26 and its 200-day simple moving average is $94.07. The company has a quick ratio of 1.96, a current ratio of 2.54 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $3.64 billion, a PE ratio of 21.23, a PEG ratio of 1.33 and a beta of 1.25.

John Bean Technologies (NYSE:JBT) last issued its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.09. The firm had revenue of $453.80 million during the quarter, compared to analysts’ expectations of $442.20 million. John Bean Technologies had a return on equity of 10.30% and a net margin of 10.25%. John Bean Technologies’s revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.11 earnings per share. On average, research analysts predict that John Bean Technologies Co. will post 5.18 earnings per share 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. Investors of record on Monday, August 19th were paid a $0.10 dividend. The ex-dividend date was Monday, August 19th. This represents a $0.40 dividend on an annualized basis and a yield of 0.35%. John Bean Technologies’s payout ratio is 7.42%.

Hedge Funds Weigh In On John Bean Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CWM LLC grew its position 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 purchasing an additional 172 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in John Bean Technologies during the 1st quarter valued at $61,000. Innealta Capital LLC acquired a new stake in John Bean Technologies during the 2nd quarter valued at $73,000. Kimelman & Baird LLC acquired a new position in shares of John Bean Technologies in the second quarter worth $85,000. Finally, nVerses Capital LLC purchased a new stake in shares of John Bean Technologies in the third quarter valued at $187,000. Institutional investors and hedge funds own 98.92% of the company’s stock.

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.