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

StockNews.com started coverage on shares of John Bean Technologies (NYSE:JBT) in a research report released on Tuesday. The brokerage issued a hold rating on the industrial products company’s stock.

Other equities analysts also recently issued reports about the stock. CJS Securities started coverage on shares of John Bean Technologies in a research note on Thursday, December 12th. They set an “outperform” rating and a $150.00 target price on the stock. Jefferies Financial Group initiated coverage on shares of John Bean Technologies in a research report on Thursday, December 12th. They set a “hold” rating and a $130.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $133.67.

John Bean Technologies Price Performance

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 business’s fifty day moving average is $121.88 and its 200 day moving average is $103.92. The firm has a market cap of $3.99 billion, a PE ratio of 26.48, a P/E/G ratio of 1.71 and a beta of 1.23. John Bean Technologies has a twelve month low of $82.64 and a twelve month high of $132.69.

John Bean Technologies (NYSE:JBT) last released its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $442.20 million. During the same quarter in the previous year, the company posted $1.11 earnings per share. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. As a group, research analysts expect that John Bean Technologies will post 5.21 EPS for the current fiscal year.

John Bean Technologies Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its holdings in John Bean Technologies by 91.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 188,122 shares of the industrial products company’s stock worth $17,866,000 after buying an additional 89,604 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in John Bean Technologies by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 778,178 shares of the industrial products company’s stock worth $73,908,000 after acquiring an additional 19,549 shares during the last quarter. Wealth Alliance acquired a new position in John Bean Technologies during the 2nd quarter worth approximately $215,000. First Eagle Investment Management LLC raised its position in shares of John Bean Technologies by 8.9% during the 2nd quarter. First Eagle Investment Management LLC now owns 74,269 shares of the industrial products company’s stock worth $7,053,000 after acquiring an additional 6,050 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in John Bean Technologies during the second quarter worth approximately $457,000. Hedge funds and other institutional investors own 98.92% of the company’s stock.

About John Bean Technologies

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.