( saw a significant drop in short interest during the month of may. On May 15th there were 838,600 short shares. This is a 7.1% decrease from the total of 902,300 on April 30th. Around 2.7% of shares are shorted. The short-interest rate is currently 5.4 days based on an average trading volume 154,700.
John Bean Technologies Price Performance
Trading on Wednesday saw a decline of $3.33, bringing the stock price to $106.68. The company's shares changed hands 571,023 times, as opposed to the average of 154280. The company has a $3.39 billion market cap, a PE of 26.15 and a P/E/G of 1.24. It also has a beta of 1,40. John Bean Technologies' 52-week low is $81.59, and its 52-week high is $126.26. The company's 50-day moving average is $105.27, and its 200-day moving average is $101.81. The last time the company released its results was on April 26th. The industrial products company posted $0.94 per share in earnings for the first quarter, exceeding analysts' expectations of $0.72. John Bean Technologies' net margin was 5.87%, and its return on equity was 18.50%. Revenue for the quarter was $529.50m, which is higher than analyst expectations of $513.54m. The company reported $0.87 per share during the same time period last year. Revenue was up 12.9% year-over-year. Analysts predict that John Bean Technologies' earnings per share will be 5.31 for the current fiscal year.
John Bean Technologies Announces Dividend
A quarterly dividend was also declared by the firm, and will be paid out on Thursday, 8th June. Dividends of $0.10 will be paid to shareholders who were in the books on Thursday, 25th May. This dividend will be paid on Thursday, May 25th. This dividend represents an annualized $0.40 dividend with a dividend yield 0.37%. The dividend payout ratio of John Bean Technologies is 9.80%.
Insider Buying & Selling
In a transaction that took place on Tuesday, 18th April, 300 shares of stock were sold. Stock was sold for an average price $107.47 and a total of $32,241.00. After the transaction, the director owns directly 44,949 company shares, worth $4,830.669.03. Corporate insiders own 0.96%.
Institutional Investors weigh in on John Bean Technologies
Investors have recently changed their positions in the company. Eagle Bay Advisors LLC increased its holdings of John Bean Technologies by 1,700.0% in the fourth quarter. Eagle Bay Advisors LLC owns 270 of the industrial product company's shares worth $25,000, after buying an additional 255 in the fourth quarter. Money Concepts Capital Corp purchased a stake in John Bean Technologies worth $29,000 during the fourth quarter. Belpointe Asset Management LLC increased its holdings of shares of John Bean Technologies in the first quarter by 124.0%. Belpointe Asset Management LLC owns 392 of the industrial product company's shares valued at $43,000, after buying an additional 217 during the last quarter. Point72 Hong Kong Ltd purchased a new shareholding in John Bean Technologies valued at $59,000 in the first quarter. Van ECK Associates Corp increased its stake in John Bean Technologies shares by 26.1% during the first quarter. Van ECK Associates Corp owns 642 of the industrial product company's shares valued at $70,000 after buying an additional 133 during the last quarter. Hedge funds and institutional investors own 98.38%.
Wall Street analysts forecast growth
In a research report published on Thursday 18th May, John Bean Technologies was covered. The stock was given a rating of 'hold'. TheStreet downgraded John Bean Technologies's rating from 'b' to 'c+" in a report published on Tuesday, 25th April.
John Bean Technologies
John Bean Technologies Corp. provides technology solutions to the food, beverage and air transportation industries. The company operates under the JBT FoodTech segment and JBT AeroTech segment. The JBT FoodTech business segment designs, manufactures and services food processing technology for meat, poultry, and seafood products. It also provides shelf-stable packaged foods, bakery, dairy, and fruit products.
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