John Bean Technologies (NYSE:JBT) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of John Bean Technologies (NYSE:JBT) in a research report sent to investors on Wednesday morning. The firm issued a hold rating on the industrial products company’s stock.

Several other brokerages have also recently weighed in on JBT. Jefferies Financial Group began coverage on John Bean Technologies in a research report on Thursday, December 12th. They issued a “hold” rating and a $130.00 price target for the company. CJS Securities began coverage on John Bean Technologies in a research report on Thursday, December 12th. They issued an “outperform” rating and a $150.00 price target for the company.

John Bean Technologies Price Performance

The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 1.71 and a beta of 1.23. The company has a 50-day moving average price of $121.88 and a two-hundred day moving average price of $103.92. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.00 and a current ratio of 2.55. John Bean Technologies has a one year low of $82.64 and a one year high of $132.69.

John Bean Technologies (NYSE:JBT) last issued 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 for 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%. The business’s revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.11 earnings per share. Sell-side analysts anticipate that John Bean Technologies will post 5.21 earnings per share for the current fiscal year.

John Bean Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a $0.10 dividend. This represents a $0.40 annualized dividend 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%.

Hedge Funds Weigh In On John Bean Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its position in John Bean Technologies by 111.7% during 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 purchased a new position in John Bean Technologies during the third quarter worth about $39,000. Wilmington Savings Fund Society FSB purchased a new position in John Bean Technologies during the third quarter worth about $39,000. Kimelman & Baird LLC purchased a new position in John Bean Technologies during the second quarter worth about $85,000. Finally, KBC Group NV grew its position in 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 worth $100,000 after buying an additional 243 shares in the last quarter. 98.92% of the stock is currently owned by hedge funds and other institutional investors.

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.