John Bean Technologies (NYSE:JBT) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of John Bean Technologies (NYSE:JBTFree Report) in a research report sent to investors on Tuesday morning. The firm issued a hold rating on the industrial products company’s stock.

A number of other research analysts have also weighed in on the stock. CJS Securities initiated coverage on shares of John Bean Technologies in a research note on Thursday, December 12th. They issued an “outperform” rating and a $150.00 price objective on the stock. Jefferies Financial Group started coverage on John Bean Technologies in a report on Thursday, December 12th. They issued a “hold” rating and a $130.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $133.67.

Read Our Latest Stock Report on John Bean Technologies

John Bean Technologies Price Performance

The company has a market cap of $3.99 billion, a P/E ratio of 26.48, a P/E/G ratio of 1.71 and a beta of 1.23. The company has a current ratio of 2.55, a quick ratio of 2.00 and a debt-to-equity ratio of 0.41. The stock’s fifty day simple moving average is $121.88 and its two-hundred day simple moving average is $103.92. John Bean Technologies has a 1 year low of $82.64 and a 1 year high of $132.69.

John Bean Technologies (NYSE:JBTGet Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.09. John Bean Technologies had a return on equity of 10.16% and a net margin of 10.25%. The company had revenue of $453.80 million during the quarter, compared to the consensus estimate of $442.20 million. During the same quarter in the prior year, the firm posted $1.11 earnings per share. The firm’s revenue was up 12.4% compared to the same quarter last year. As a group, equities research analysts anticipate that John Bean Technologies will post 5.21 earnings per share for the current fiscal year.

John Bean Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of ∞. John Bean Technologies’s dividend payout ratio (DPR) is currently 7.42%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased its stake in John Bean Technologies by 111.7% in the 4th quarter. GAMMA Investing LLC now owns 271 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 143 shares during the last quarter. Wolverine Asset Management LLC purchased a new position in shares of John Bean Technologies during the third quarter valued at $39,000. Wilmington Savings Fund Society FSB purchased a new stake in John Bean Technologies during the third quarter worth $39,000. Kimelman & Baird LLC bought a new position in John Bean Technologies in the second quarter worth about $85,000. Finally, KBC Group NV increased its stake in shares of John Bean Technologies by 31.5% in the third quarter. KBC Group NV now owns 1,014 shares of the industrial products company’s stock worth $100,000 after acquiring an additional 243 shares during the period. 98.92% of the stock is owned by hedge funds and other institutional investors.

About John Bean Technologies

(Get Free Report)

John Bean Technologies Corporation provides technology solutions to food and beverage industry in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It offers value-added processing that includes chilling, mixing/grinding, injecting, blending, marinating, tumbling, flattening, forming, portioning, coating, cooking, frying, freezing, extracting, pasteurizing, sterilizing, concentrating, high pressure processing, weighing, inspecting, filling, closing, sealing, end of line material handling, and packaging solutions to the food, beverage, and health market.

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