John Bean Technologies Corp. (NYSE:JBT)’s share price hit 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. The stock had previously closed at $65.66.

Several equities analysts have recently weighed in on the stock. William Blair assumed 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 for the company. Zacks Investment Research cut shares of John Bean Technologies Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Finally, BB&T Corp. began coverage on shares of John Bean Technologies Corp. in a research note on Friday, June 17th. They issued a “buy” rating and a $75.00 target price for the company.

The stock has a market capitalization of $1.97 billion and a price-to-earnings ratio of 38.00. The firm’s 50-day moving average is $62.50 and its 200-day moving average is $54.78.

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

A number of institutional investors recently bought and sold shares of the company. Wells Fargo & Company MN raised its position in 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 during the last quarter. Westfield Capital Management Co. LP bought a new position in John Bean Technologies Corp. during the fourth quarter valued at about $10,085,000. Principal Financial Group Inc. raised its position in John Bean Technologies Corp. by 4.0% in the fourth quarter. Principal Financial Group Inc. now owns 198,258 shares of the company’s stock valued at $9,879,000 after buying an additional 7,579 shares during the last quarter. New York State Common Retirement Fund raised its position in John Bean Technologies Corp. by 6.8% in the fourth quarter. New York State Common Retirement Fund now owns 163,326 shares of the company’s stock valued at $8,139,000 after buying an additional 10,400 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in John Bean Technologies Corp. by 34.3% in the fourth quarter. California Public Employees Retirement System now owns 99,100 shares of the company’s stock valued at $4,938,000 after buying an additional 25,300 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.