John Bean Technologies (NYSE:JBT) Earns Hold Rating from Analysts at StockNews.com

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

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

John Bean Technologies Stock Performance

The stock’s fifty day simple moving average is $121.88 and its 200-day simple moving average is $103.92. John Bean Technologies has a 1-year low of $82.64 and a 1-year high of $132.69. 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 firm has a market cap of $3.99 billion, a P/E ratio of 26.48, a P/E/G ratio of 1.71 and a beta of 1.23.

John Bean Technologies Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend was Friday, December 13th. John Bean Technologies’s payout ratio is presently 7.42%.

Institutional Trading of John Bean Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its holdings in shares of John Bean Technologies by 111.7% in the fourth quarter. GAMMA Investing LLC now owns 271 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 143 shares during the last quarter. Wrapmanager Inc. increased its stake in John Bean Technologies by 6.2% in the 3rd quarter. Wrapmanager Inc. now owns 3,537 shares of the industrial products company’s stock valued at $348,000 after buying an additional 206 shares during the last quarter. KBC Group NV lifted its position in shares of John Bean Technologies by 31.5% during the 3rd 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. QRG Capital Management Inc. boosted its stake in shares of John Bean Technologies by 13.2% in the 3rd quarter. QRG Capital Management Inc. now owns 2,976 shares of the industrial products company’s stock worth $293,000 after buying an additional 346 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of John Bean Technologies by 2.2% in the second quarter. The Manufacturers Life Insurance Company now owns 17,558 shares of the industrial products company’s stock valued at $1,667,000 after acquiring an additional 386 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.