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

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

A number of other analysts have also recently commented on JBT. Jefferies Financial Group started coverage on John Bean Technologies in a research note on Thursday, December 12th. They issued a “hold” rating and a $130.00 price target for the company. CJS Securities began coverage on shares of John Bean Technologies in a report on Thursday, December 12th. They issued an “outperform” rating and a $150.00 target price on the stock.

John Bean Technologies Stock Performance

The stock’s 50 day simple moving average is $121.88 and its two-hundred day simple moving average is $103.92. The company has a quick ratio of 2.00, a current ratio of 2.55 and a debt-to-equity ratio of 0.41. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 1.71 and a beta of 1.23. John Bean Technologies has a fifty-two week low of $82.64 and a fifty-two week high of $132.69.

John Bean Technologies (NYSE:JBT) last announced its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.50 EPS 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 business had revenue of $453.80 million during the quarter, compared to analysts’ expectations of $442.20 million. During the same period in the previous year, the firm earned $1.11 earnings per share. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. Equities analysts forecast that John Bean Technologies will post 5.21 EPS for the current year.

John Bean Technologies Announces Dividend

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

Institutional Trading of John Bean Technologies

A number of large investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in John Bean Technologies by 170.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 842,184 shares of the industrial products company’s stock valued at $82,964,000 after buying an additional 531,298 shares in the last quarter. ArrowMark Colorado Holdings LLC bought a new stake in John Bean Technologies in the 3rd quarter valued at $29,385,000. NFJ Investment Group LLC acquired a new position in John Bean Technologies in the 3rd quarter worth $12,151,000. Teachers Retirement System of The State of Kentucky raised its stake in shares of John Bean Technologies by 67.9% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 184,479 shares of the industrial products company’s stock valued at $18,173,000 after purchasing an additional 74,636 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its holdings in shares of John Bean Technologies by 37.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 236,865 shares of the industrial products company’s stock valued at $22,495,000 after purchasing an additional 64,280 shares in the last quarter. 98.92% of the stock is owned by institutional investors.

John Bean Technologies Company Profile

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.