John Bean Technologies (NYSE:JBT) Research Coverage Started at CJS Securities

CJS Securities started coverage on shares of John Bean Technologies (NYSE:JBT) in a research note issued to investors on Thursday morning, Marketbeat Ratings reports. The firm issued an outperform rating and a $150.00 target price on the industrial products company’s stock.

Separately, Jefferies Financial Group assumed coverage on John Bean Technologies in a report on Thursday. They set a “hold” rating and a $130.00 price target for the company.

John Bean Technologies Trading Down 3.3 %

Shares of NYSE JBT opened at $122.87 on Thursday. John Bean Technologies has a 1 year low of $82.64 and a 1 year high of $128.23. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.55 and a quick ratio of 2.00. The firm has a 50-day moving average of $114.54 and a 200 day moving average of $100.91. The stock has a market cap of $3.91 billion, a P/E ratio of 22.80, a price-to-earnings-growth ratio of 1.74 and a beta of 1.24.

John Bean Technologies (NYSE:JBT) last released its earnings results 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. The firm had revenue of $453.80 million during the quarter, compared to analyst estimates of $442.20 million. John Bean Technologies had a net margin of 10.25% and a return on equity of 10.16%. The business’s revenue was up 12.4% on a year-over-year basis. During the same period last year, the business earned $1.11 earnings per share. As a group, sell-side analysts expect that John Bean Technologies will post 5.23 EPS for the current fiscal year.

John Bean Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a $0.10 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.40 annualized dividend and a yield of 0.33%. John Bean Technologies’s dividend payout ratio (DPR) is presently 7.42%.

Institutional Trading of John Bean Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Arizona State Retirement System boosted its position in shares of John Bean Technologies by 1.7% during the second quarter. Arizona State Retirement System now owns 8,900 shares of the industrial products company’s stock valued at $845,000 after buying an additional 150 shares during the last quarter. CWM LLC boosted its holdings in shares of John Bean Technologies by 113.2% during the 2nd quarter. CWM LLC now owns 324 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 172 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in shares of John Bean Technologies by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 16,000 shares of the industrial products company’s stock worth $1,520,000 after acquiring an additional 200 shares during the period. Wrapmanager Inc. raised its holdings in shares of John Bean Technologies by 6.2% during the third quarter. Wrapmanager Inc. now owns 3,537 shares of the industrial products company’s stock valued at $348,000 after purchasing an additional 206 shares during the last quarter. Finally, Inspire Investing LLC lifted its position in John Bean Technologies by 6.4% during the second quarter. Inspire Investing LLC now owns 3,648 shares of the industrial products company’s stock valued at $346,000 after purchasing an additional 218 shares during the period. 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.