The stock of John Bean Technologies Corp (NYSE:JBT) hit a new 52-week high and has $111.61 target or 32.00% above today’s $84.55 share price. The 5 months bullish chart indicates low risk for the $2.50B company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $111.61 price target is reached, the company will be worth $800.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 157,135 shares traded hands. John Bean Technologies Corp (NYSE:JBT) has risen 54.73% since April 11, 2016 and is uptrending. It has outperformed by 48.58% the S&P500.
John Bean Technologies Corp (NYSE:JBT) Ratings Coverage
Out of 2 analysts covering John Bean Technologies Corporation (NYSE:JBT), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. John Bean Technologies Corporation has been the topic of 2 analyst reports since April 19, 2016 according to StockzIntelligence Inc. As per Tuesday, April 19, the company rating was initiated by William Blair. The stock of John Bean Technologies Corp (NYSE:JBT) has “Buy” rating given on Friday, June 17 by BB&T Capital.
According to Zacks Investment Research, “JOHN BEAN TECHNOLOGIES CORPORATION is a leading global solutions provider to the food processing and air transportation industries. The Company designs, manufactures, tests and services technologically sophisticated systems and products for regional and multi-national industrial food processing customers through its JBT FoodTech segment and for domestic and international air transportation customers through its JBT AeroTech segments.”
Insitutional Activity: The institutional sentiment increased to 1.37 in 2016 Q2. Its up 0.40, from 0.97 in 2016Q1. The ratio improved, as 17 funds sold all John Bean Technologies Corp shares owned while 64 reduced positions. 37 funds bought stakes while 74 increased positions. They now own 28.58 million shares or 3.13% less from 29.50 million shares in 2016Q1.
Cramer Rosenthal Mcglynn Limited Liability, a New York-based fund reported 199,408 shares. First Midwest Savings Bank Trust Division has invested 0.16% of its portfolio in John Bean Technologies Corp (NYSE:JBT). Wells Fargo Mn has 1.49M shares for 0.04% of their US portfolio. Invesco Limited, a Georgia-based fund reported 46,279 shares. Moreover, Great West Life Assurance Communication Can has 0% invested in John Bean Technologies Corp (NYSE:JBT) for 3,672 shares. First Ltd Partnership accumulated 0.01% or 36,203 shares. The Florida-based Noesis Cap Mangement has invested 0.15% in John Bean Technologies Corp (NYSE:JBT). Bancorporation Of Montreal Can accumulated 9,204 shares or 0% of the stock. The Texas-based King Luther Capital Mgmt has invested 0.04% in John Bean Technologies Corp (NYSE:JBT). Amalgamated National Bank last reported 3,365 shares in the company. Neuberger Berman Group Inc Limited Liability has 0% invested in the company for 18,500 shares. Hightower Advisors Lc owns 8,556 shares or 0.01% of their US portfolio. Systematic Fincl Mgmt L P has 0% invested in the company for 5,765 shares. Waddell And Reed Finance holds 0.01% of its portfolio in John Bean Technologies Corp (NYSE:JBT) for 85,200 shares. The Wisconsin-based Artisan Ptnrs Lp has invested 0.12% in John Bean Technologies Corp (NYSE:JBT).
Insider Transactions: Since August 2, 2016, the stock had 0 insider buys, and 3 sales for $785,688 net activity. $199,500 worth of John Bean Technologies Corp (NYSE:JBT) was sold by Smith Steven R. Montague Mark K sold $197,180 worth of John Bean Technologies Corp (NYSE:JBT) on Monday, November 7.
JBT Company Profile
John Bean Technologies Corporation (JBT), incorporated on May 12, 1994, is a technology solutions well-known provider to the divisions of the food processing and air transportation industries. The Firm designs, makes, tests and services technological systems and products. The Firm operates through two divisions: JBT FoodTech and JBT AeroTech. JBT FoodTech markets its solutions and services to multinational and regional industrial food and beverage companies. The product offerings of its FoodTech businesses include Protein, Liquid Foods and Automated Systems. JBT AeroTech markets its solutions and services to domestic and international airport authorities, passenger airlines, airfreight and ground handling companies, military forces and defense contractors. The product offerings of its AeroTech businesses include Mobile Equipment, Fixed Equipment and Airport Services.
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