John Bean Technologies Corp. (NYSE:JBT)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $65.76 and last traded at $65.25, with a volume of 64,210 shares traded. The stock had previously closed at $64.46.

A number of brokerages have commented on JBT. Zacks Investment Research upgraded shares of John Bean Technologies Corp. from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Friday, April 29th. BB&T Corp. began coverage on shares of John Bean Technologies Corp. in a research report on Friday, June 17th. They set a “buy” rating and a $75.00 price objective for the company. Finally, William Blair began coverage on shares of John Bean Technologies Corp. in a research note on Tuesday, April 19th. They set an “outperform” rating and a $70.00 price target on the stock.

The firm has a 50-day moving average price of $61.61 and a 200-day moving average price of $54.12. The company has a market cap of $1.91 billion and a price-to-earnings ratio of 36.83.

John Bean Technologies Corp. (NYSE:JBT) last released its quarterly earnings results on Tuesday, April 26th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. During the same period in the previous year, the business posted $0.27 EPS. The company had revenue of $267.10 million for the quarter, compared to analyst estimates of $265.03 million. The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. Equities analysts predict that John Bean Technologies Corp. will post $2.27 earnings per share for the current year.

Other institutional investors have added to or reduced their stakes in the company. TD Asset Management Inc. increased its position in John Bean Technologies Corp. by 10.0% in the fourth quarter. TD Asset Management Inc. now owns 27,400 shares of the company’s stock worth $1,365,000 after buying an additional 2,500 shares in the last quarter. PNC Financial Services Group Inc. increased its position in John Bean Technologies Corp. by 28.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 30,160 shares of the company’s stock worth $1,502,000 after buying an additional 6,648 shares in the last quarter. Rhumbline Advisers increased its position in John Bean Technologies Corp. by 7.9% in the fourth quarter. Rhumbline Advisers now owns 39,056 shares of the company’s stock worth $1,946,000 after buying an additional 2,850 shares in the last quarter. California State Teachers Retirement System increased its position in John Bean Technologies Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 54,169 shares of the company’s stock worth $2,699,000 after buying an additional 850 shares in the last quarter. Finally, First Trust Advisors LP increased its position in John Bean Technologies Corp. by 7.6% in the fourth quarter. First Trust Advisors LP now owns 77,138 shares of the company’s stock worth $3,844,000 after buying an additional 5,450 shares in the last quarter.

John Bean Technologies Corporation (JBT) is a technology solutions provider to the segments of the food processing and air transportation industries. The Company designs, manufactures, tests and services technological systems and products. It operates through two segments. The JBT FoodTech segment designs, manufactures services and food processing systems used for fruit juice production, frozen food production, in-container food production and convenience food preparation, among others by the food industry.

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