Shares of the company are trading at $104.05 a tad above the 50 day moving average which is $98.30 and which is quite a bit above the 200 day moving average of $91.97. The 50 day moving average went up by +5.85% and the 200 day average was up $12.08. John Bean Technologies Corporat shares had a trading volume of 2,679 on Tuesday. Shares saw a steep decrease in trading volume of 98.61% under the normal average daily volume.
Investors are more bearish on shares of the company recently considering the change in short interest. The stock realized a rise in short interest of 13.16% between September 15, 2017 and September 29, 2017. Short shares grew 225,703 over that timeframe. The days to cover decreased to 12.0 and the short interest percentage is 0.06% as of September 29.
There has been some selling insider activity on John Bean Technologies Corporat (NYSE:JBT) recently. EVP & President, Protein Steven R. Smith disclosed the sale of 10,000 shares. The shares were sold on August 29th for a price of $86.78. Smith now owns $3,975,479 of the stock per the Form 4 SEC filing. Director Caroline Maury Devine sold 2,000 shares at an average price of $88.16 on Tue the 22nd. That brings the Director’s holdings to $4,283,848 per an SEC filing yesterday.
Additionally, here are a few investment firms who have increased or decreased their stake in (JBT). Bank Of Montreal /can/ added to its investment by buying 1,175 shares an increase of 2,937.5% from 06/30/2017 to 09/30/2017. Bank Of Montreal /can/ currently owns 1,215 shares with a value of $123,000. The value of the position overall is up by 2,975.0%. Howe & Rusling Inc divested its stake by selling 500 shares a decrease of 50.0% in the quarter. Howe & Rusling Inc claims 500 shares worth $51,000. The total value of its holdings decreased 48.0%.
As of quarter end Conestoga Capital Advisors, LLC had acquired a total of 10,349 shares growing its holdings by 3.9%. The value in dollars increased from $25,950,000 to $27,817,000 a change of 7.2% since the last quarter. As of the end of the quarter Baker Ellis Asset Management LLC had sold 450 shares trimming its stake by 1.8%. The value of the total investment in John Bean Technologies Corporat went from $2,484,000 to $2,517,000 increasing 1.3% for the reporting period.
The company is now up by 0.10%% since yesterday’s close of 103.95. John Bean Technologies Corporat declared a dividend that was paid on Tuesday the 5th of September 2017. The dividend payment was $0.100 per share for the quarter or $0.40 annualized. This dividend amount was represent a yield of $0.39. The ex-dividend date was Thursday the 17th of August 2017.
The most current P/E ratio is 40.30 and market capitalization is 3.29B. In the last earnings report the EPS was $2.58 and is expected to be $3.03 for the current year with 31,623,000 shares currently outstanding. Next quarter’s EPS is forecasted at $1.08 and the next full year EPS is projected to be $3.63.
John Bean Technologies Corporation (JBT), launched on May 12, 1994, is a technology solutions provider to the segments of the food and beverage industry with focus on proteins, liquid foods and automated system solutions. The Company operates through two segments: JBT FoodTech and JBT AeroTech. The JBT FoodTech segment designs, manufactures and services technologically food processing systems used for fruit juice production, frozen food production, in-container food production, automated systems and convenience food preparation by the food industry. The JBT AeroTech segment designs, manufactures and services technologically airport ground support and gate equipment and provides services for airport authorities; airlines, airfreight, and ground handling companies; the defense contractors, and other industries..