John Bean Technologies Corp (NYSE: JBT) is 31.28% higher on its value in year-to-date trading and has touched a low of $82.64 and a high of $128.60 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The JBT stock was last observed hovering at around $127.44 in the last trading session, with the day’s gains setting it 3.36%.
Currently trading at $130.80, the stock is 5.04% and 11.06% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.67 million and changing 2.64% at the moment leaves the stock 30.51% off its SMA200. JBT registered 28.68% gain for a year compared to 6-month gain of 36.98%. The firm has a 50-day simple moving average (SMA 50) of $117.149 and a 200-day simple moving average (SMA200) of $100.08565.
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The stock witnessed a 8.18% loss in the last 1 month and extending the period to 3 months gives it a 39.09%, and is 7.90% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.62% over the week and 2.65% over the month.
John Bean Technologies Corp (JBT) has around 5100 employees, a market worth around $4.27B and $1.69B in sales. Current P/E ratio is 24.27 and Fwd P/E is 23.22. Profit margin for the company is 10.24%. Distance from 52-week low is 58.28% and 1.71% from its 52-week high. The company has generated returns on investments over the last 12 months (7.77%).
The EPS is expected to grow by 27.34% this year
422.0 institutions hold shares in John Bean Technologies Corp (JBT), with institutional investors hold 114.25% of the company’s shares. The shares outstanding are 31.86M, and float is at 31.43M with Short Float at 13.45%. Institutions hold 112.79% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 4.98 million shares valued at $473.11 million. The investor’s holdings represent 15.5676 of the JBT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 3.43 million shares valued at $325.59 million to account for 10.7137 of the shares outstanding. The other top investors are CHAMPLAIN INVESTMENT PARTNERS, LLC which holds 1.53 million shares representing 4.7894 and valued at over $145.55 million, while KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC holds 3.9982 of the shares totaling 1.28 million with a market value of $121.51 million.
