Investment analysts at StockNews.com began coverage on shares of John Bean Technologies (NYSE:JBT – Get Free Report) in a research note issued on Tuesday. The brokerage set a “hold” rating on the industrial products company’s stock.
Several other analysts have also issued reports 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 for the company. CJS Securities started coverage on John Bean Technologies in a research report on Thursday, December 12th. They set an “outperform” rating and a $150.00 price target on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $133.67.
Check Out Our Latest Research Report on JBT
John Bean Technologies Price Performance
John Bean Technologies (NYSE:JBT – Get Free Report) last issued its 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. The business had revenue of $453.80 million during the quarter, compared to analyst estimates of $442.20 million. John Bean Technologies had a return on equity of 10.16% and a net margin of 10.25%. John Bean Technologies’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.11 earnings per share. On average, equities analysts anticipate that John Bean Technologies will post 5.21 earnings per share for the current year.
Institutional Trading of John Bean Technologies
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its stake in John Bean Technologies by 111.7% in the fourth quarter. GAMMA Investing LLC now owns 271 shares of the industrial products company’s stock worth $34,000 after buying an additional 143 shares in the last quarter. Wolverine Asset Management LLC bought a new stake in John Bean Technologies during the 3rd quarter valued at about $39,000. Wilmington Savings Fund Society FSB bought a new position in shares of John Bean Technologies in the third quarter worth approximately $39,000. Kimelman & Baird LLC purchased a new stake in shares of John Bean Technologies during the second quarter valued at approximately $85,000. Finally, KBC Group NV increased its position in shares of John Bean Technologies by 31.5% during the third quarter. KBC Group NV now owns 1,014 shares of the industrial products company’s stock valued at $100,000 after acquiring an additional 243 shares in the last quarter. 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.
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