BlackRock Fund Advisors has recently announced that it has increased stake in John Bean Technologies Corporation (NYSE:JBT) by 0.26%. After grabbing 4.54 million shares, the institutional investor is now in possession of 11915.0 shares of the Industrials Company. The new investment brought the stake of investor firm to 14.26% having worth around $415.0 million. Moreover, The Vanguard Group, Inc. increased its share by 31110.0 to have a control over 3.35 million shares. And Champlain Investment Partners LLC raised its holdings to 64200.0 shares by acquiring 1.68 million shares or 5.26% of the stake.
John Bean Technologies Corporation (JBT) concluded trading on 01/19/23 at a closing price of $96.79, with 0.17 million shares of worth about $16.49 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -14.72% during that period and on Thursday the price saw a loss of about -1.93%. Currently the company’s common shares owned by public are about 32.00M shares, out of which, 31.43M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 7 analysts are covering the JBT stock and their offered price forecasts bring an average price target of $105.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $120.00 and could fall to a lowest price of $85.00. The stock’s current price level is 7.82% above of average price target set by the analysts, while a rise to estimated low would result in loss of -13.87% for the stock. However, touching the estimated high of $120.00 would mean a gain of 19.34% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 54 times over the past 12 months. They bought 41,894 shares in 27 of the transactions. In 27 selling transactions, insiders dumped 10,938 shares.
iShares Core S&P Small Cap ETF, Vanguard Total Stock Market Index, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in John Bean Technologies Corporation iShares Core S&P Small Cap ETF is currently holding 2.35 million shares of worth totaling $214.89 million. The company recently came selling 5674.0 shares which brought its stake up to 7.39% of the company’s outstanding shares. Vanguard Total Stock Market Index bought 1468.0 shares, after which its hold over company’s outstanding shares expand to 3.02%, leaving 0.96 million shares with the mutual fund that have a worth of about $87.71 million. Vanguard Small Cap Index Fund, after buying 0.82 million shares, have now control over 2.58% of the stake in the company. It holds 68.0 shares of worth $75.1 million.
John Bean Technologies Corporation (NYSE: JBT) started trading at $98.16, below -$0.53 from concluding price of the previous day. However, the stock later moved at a day high price of 98.38, or with a loss of -1.93%. Stock saw a price change of -3.11% in past 5 days and over the past one month there was a price change of 9.27%. Year-to-date (YTD), JBT shares are showing a performance of 5.98% which decreased to -33.93% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $81.59 but also hit the highest price of $147.36 during that period. The average intraday trading volume for John Bean Technologies Corporation shares is 210.54K. The stock is currently trading 2.80% above its 20-day simple moving average (SMA20), while that difference is up 4.73% for SMA50 and it goes to -6.73% lower than SMA200.
BlackRock Fund Advisors acquired 4.54 million shares of John Bean Technologies Corporation having value of about $415.0 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 11915.0 shares in the company valued at close to $1153252.85, or have control over 0.26% stake in the company. Holding of mutual funds in the company is about 4.43% while other institutional holders and individual stake holders have control over 65.97% and 35.82% of the stake respectively.
The stock has a current market capitalization of $3.11B and its 3Y-monthly beta is at 1.35. PE ratio of stock for trailing 12 months is 24.89, while it has posted earnings per share of $3.89 in the same period. Its PEG reads 1.44 and has Quick Ratio of 0.90 while making debt-to-equity ratio of 1.22. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for JBT, volatility over the week remained 2.59% while standing at 2.70% over the month.
Analysts are in expectations that John Bean Technologies Corporation (JBT) stock would likely to be making an EPS of $1.61 in the current quarter, while forecast for next quarter EPS is $0.96 and it is $5.6 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.45 which is $1.8 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.92 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 8.80% while it is estimated to increase by 16.30% in next year. EPS is likely to grow at an annualized rate of 17.30% for next 5-years, compared to annual growth of 10.10% made by the stock over the past 5-years.
Analysts at 7 brokerage firms have issued recommendations for the John Bean Technologies Corporation (JBT)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.50. Out of those 7 Wall Street analysts, 2 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Coverage by JP Morgan stated John Bean Technologies Corporation (JBT) stock as a Neutral in their note to investors on October 04, 2021, suggesting a price target of $130 for the stock. Stock get a Hold rating from Wellington Shields on May 01, 2019.