Shares are trading at $106.90 just a bit higher than the 50 day moving average of $101.19 and a great deal higher than the 200 day moving average of $92.95. The 50 day moving average moved up $5.71 whereas the 200 day moving average was up $13.95 or +15.01%. 297K shares changed hands on Tuesday. Trading volume was up 98.76% over the stocks average daily volume.
Short traders are more bearish on John Bean Technologies Corporat if you put credence in the increase in short interest. The firm saw a rise in short interest between September 29, 2017 and October 13, 2017 of 6.08%. Short shares increased from 1,941,135 to 2,059,175 over that period. Days to cover increased from 12.0 to 16.0 and the short interest percentage is 0.06% as of October 13.
John Bean Technologies Corporat (NYSE:JBT) has been the object of insider selling activity recently. Steven R. Smith, EVP & President, Protein disclosed the sale of 10,000 shares. The shares sold for $86.78. Smith now owns $3,975,479 of the stock according to the SEC filing. Director Caroline Maury Devine sold 2,000 shares at an average price of $88.16 on Tue the 22nd. Devine now owns $4,283,848 of stock as reported to the SEC.
These firms have modified their investment in JBT. As of the end of the quarter First Trust Advisors Lp had disposed of a total of 3,335 shares trimming its stake by 8.6%. The value of the company’s investment in John Bean Technologies Corporat went from $3,804,000 to $3,587,000 a change of 5.7% for the reporting period. As of quarter end Nationwide Fund Advisors had sold 9,052 shares trimming its position 5.1%. The value of the investment in John Bean Technologies Corporat decreased from $17,247,000 to $16,878,000 a change of $369,000 quarter over quarter.
Parkside Financial Bank & Trust added to its stake by buying 17 shares an increase of 11.2% from 06/30/2017 to 09/30/2017. Parkside Financial Bank & Trust now controls 169 shares with a value of $17,000. The value of the position overall is up by 13.3%. As of the end of the quarter Aperio Group, LLC had disposed of 142 shares trimming its holdings by 1.1%. The value of the investment in (JBT) went from $1,324,000 to $1,352,000 increasing 2.1% quarter to quarter.
The company is up from yesterday’s close of $106.90. Additionally the company declared a dividend paid on Tuesday September 5th, 2017. The dividend was $0.100 per share for the quarter which comes to $0.40 on an annualized basis. This dividend amount was represent a yield of $0.36. The ex-dividend date was set for Thursday the 17th of August 2017.
The P/E ratio is currently 41.40 and the market cap is 3.38B. As of the latest earnings report the EPS was $2.58 and is estimated to be $3.07 for the current year with 31,623,000 shares now outstanding. Next quarter’s EPS is expected be $0.57 and the next full year EPS is projected to be $3.63.
John Bean Technologies Corporation (JBT), launched on May 12, 1994, is a technology solutions provider to the segments of the food and beverage industry with focus on proteins, liquid foods and automated system solutions. The Company operates through two segments: JBT FoodTech and JBT AeroTech. The JBT FoodTech segment designs, manufactures and services technologically food processing systems used for fruit juice production, frozen food production, in-container food production, automated systems and convenience food preparation by the food industry. The JBT AeroTech segment designs, manufactures and services technologically airport ground support and gate equipment and provides services for airport authorities; airlines, airfreight, and ground handling companies; the defense contractors, and other industries..