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

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

JBT has been the subject of a number of other research reports. 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 target price for the company. CJS Securities started coverage on John Bean Technologies in a research note on Thursday, December 12th. They issued an “outperform” rating and a $150.00 target price for the company.

John Bean Technologies Price Performance

The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.00 and a current ratio of 2.55. The business’s 50-day moving average price is $121.88 and its 200-day moving average price is $103.92. John Bean Technologies has a 52 week low of $82.64 and a 52 week high of $132.69. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 26.48, a P/E/G ratio of 1.71 and a beta of 1.23.

John Bean Technologies (NYSE:JBT) last issued its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $453.80 million during 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 company’s revenue 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 Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Pathstone Holdings LLC raised its position in John Bean Technologies by 21.5% during the 3rd quarter. Pathstone Holdings LLC now owns 24,445 shares of the industrial products company’s stock valued at $2,408,000 after purchasing an additional 4,325 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in John Bean Technologies by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 393,382 shares of the industrial products company’s stock valued at $38,752,000 after purchasing an additional 11,474 shares during the last quarter. Susquehanna International Group Ltd. bought a new position in John Bean Technologies during the 2nd quarter valued at approximately $945,000. D. E. Shaw & Co. Inc. raised its position in John Bean Technologies by 37.2% during the 2nd 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 during the last quarter. Finally, Intech Investment Management LLC raised its position in John Bean Technologies by 139.3% during the 3rd quarter. Intech Investment Management LLC now owns 12,712 shares of the industrial products company’s stock valued at $1,252,000 after purchasing an additional 7,399 shares during the last quarter. 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.