John Bean Technologies Corp. (NYSE:JBT) shares reached a new 52-week high on Friday . The stock traded as high as $67.55 and last traded at $67.41, with a volume of 94,890 shares traded. The stock had previously closed at $65.66.

Several research firms have recently weighed in on JBT. Zacks Investment Research cut shares of John Bean Technologies Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. BB&T Corp. began coverage on shares of John Bean Technologies Corp. in a report on Friday, June 17th. They issued a “buy” rating and a $75.00 price target on the stock. Finally, William Blair began coverage on shares of John Bean Technologies Corp. in a report on Tuesday, April 19th. They issued an “outperform” rating and a $70.00 price target on the stock.

The stock has a 50-day moving average of $62.29 and a 200 day moving average of $54.64. The company has a market capitalization of $1.98 billion and a P/E ratio of 38.158.

John Bean Technologies Corp. (NYSE:JBT) last issued its earnings results on Tuesday, April 26th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.05. The company earned $267.10 million during the quarter, compared to analysts’ expectations of $265.03 million. During the same quarter in the prior year, the business posted $0.27 EPS. The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. Equities research analysts predict that John Bean Technologies Corp. will post $2.27 EPS for the current fiscal year.

Other large investors recently modified their holdings of the company. Wells Fargo & Company MN boosted its stake in shares of John Bean Technologies Corp. by 78.0% in the fourth quarter. Wells Fargo & Company MN now owns 527,335 shares of the company’s stock valued at $26,278,000 after buying an additional 231,161 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake 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 valued at $1,502,000 after buying an additional 6,648 shares in the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of John Bean Technologies Corp. during the fourth quarter valued at about $10,085,000. California State Teachers Retirement System boosted its stake 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 valued at $2,699,000 after buying an additional 850 shares in the last quarter. Finally, TD Asset Management Inc. boosted its stake 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 valued at $1,365,000 after buying an additional 2,500 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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