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 trading hands. The stock had previously closed at $64.46.

A number of equities research analysts recently weighed in on JBT shares. William Blair started coverage on shares of John Bean Technologies Corp. in a report on Tuesday, April 19th. They set an “outperform” rating and a $70.00 price target for the company. Zacks Investment Research lowered shares of John Bean Technologies Corp. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 27th. Finally, BB&T Corp. started coverage on shares of John Bean Technologies Corp. in a report on Friday, June 17th. They set a “buy” rating and a $75.00 price target for the company.

The stock has a market capitalization of $1.90 billion and a price-to-earnings ratio of 36.70. The firm’s 50 day moving average price is $61.75 and its 200-day moving average price is $54.23.

John Bean Technologies Corp. (NYSE:JBT) last announced its quarterly earnings data on Tuesday, April 26th. The company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.05. The company had revenue of $267.10 million for the quarter, compared to analysts’ expectations of $265.03 million. During the same period in the previous year, the firm posted $0.27 earnings per share. The business’s revenue for the quarter was up 18.7% on a year-over-year basis. On average, equities research analysts anticipate that John Bean Technologies Corp. will post $2.27 earnings per share for the current year.

A number of hedge funds and institutional investors recently made changes to their positions in JBT. TD Asset Management Inc. increased its position in shares of 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 during the last quarter. PNC Financial Services Group Inc. increased its position in shares of 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 during the last quarter. Rhumbline Advisers increased its position in shares of 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 during the last quarter. California State Teachers Retirement System increased its position in shares of 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 during the last quarter. Finally, First Trust Advisors LP increased its position in shares of 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 during 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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