John Bean Technologies (NYSE:JBT) Now Covered by Analysts at CJS Securities

CJS Securities began coverage on shares of John Bean Technologies (NYSE:JBT) in a research report sent to investors on Thursday, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $150.00 target price on the industrial products company’s stock.

Separately, Jefferies Financial Group began coverage on John Bean Technologies in a research report on Thursday. They set a “hold” rating and a $130.00 price target on the stock.

John Bean Technologies Price Performance

Shares of JBT opened at $127.12 on Thursday. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of 23.58, a price-to-earnings-growth ratio of 1.74 and a beta of 1.24. The stock’s fifty day moving average is $114.08 and its 200-day moving average is $100.65. John Bean Technologies has a one year low of $82.64 and a one year high of $128.23. 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 (NYSE:JBT) last released its quarterly earnings results 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. The company had revenue of $453.80 million for the quarter, compared to the consensus estimate of $442.20 million. John Bean Technologies had a net margin of 10.25% and a return on equity of 10.16%. John Bean Technologies’s revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.11 EPS. Equities analysts anticipate that John Bean Technologies will post 5.23 EPS for the current year.

John Bean Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. John Bean Technologies’s payout ratio is currently 7.42%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of John Bean Technologies by 170.9% during the 3rd 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 acquiring an additional 531,298 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of John Bean Technologies by 57.5% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,279,425 shares of the industrial products company’s stock worth $121,507,000 after purchasing an additional 466,846 shares during the period. ArrowMark Colorado Holdings LLC purchased a new stake in shares of John Bean Technologies during the third quarter valued at $29,385,000. NFJ Investment Group LLC acquired a new position in shares of John Bean Technologies in the 3rd quarter valued at $12,151,000. Finally, Envestnet Asset Management Inc. increased its stake in John Bean Technologies by 91.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 188,122 shares of the industrial products company’s stock worth $17,866,000 after purchasing an additional 89,604 shares in the last quarter. Institutional investors and hedge funds 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.