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

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

A number of other equities analysts have also recently issued reports on JBT. CJS Securities assumed coverage on shares of John Bean Technologies in a research note on Thursday, December 12th. They issued an “outperform” rating and a $150.00 price objective for the company. Jefferies Financial Group assumed coverage on shares of 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.

John Bean Technologies Stock Performance

John Bean Technologies has a one year low of $82.64 and a one year high of $132.69. The company has a market capitalization of $3.99 billion, a PE ratio of 26.48, a PEG ratio of 1.71 and a beta of 1.23. The company has a fifty day moving average of $121.88 and a 200-day moving average of $103.92. The company has a current ratio of 2.55, a quick ratio of 2.00 and a debt-to-equity ratio of 0.41.

John Bean Technologies (NYSE:JBT) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $442.20 million. John Bean Technologies had a return on equity of 10.16% and a net margin of 10.25%. The company’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the company earned $1.11 EPS. Research analysts forecast that John Bean Technologies will post 5.21 earnings per share for the current fiscal year.

John Bean Technologies Dividend Announcement

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

Hedge Funds Weigh In On John Bean Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JBT. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of John Bean Technologies by 170.9% in the third 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. ArrowMark Colorado Holdings LLC acquired a new position in John Bean Technologies in the third quarter worth $29,385,000. NFJ Investment Group LLC acquired a new position in John Bean Technologies in the third quarter worth $12,151,000. Teachers Retirement System of The State of Kentucky grew its holdings in shares of John Bean Technologies by 67.9% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 184,479 shares of the industrial products company’s stock worth $18,173,000 after purchasing an additional 74,636 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its stake in shares of John Bean Technologies by 37.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 236,865 shares of the industrial products company’s stock valued at $22,495,000 after buying an additional 64,280 shares in the last quarter. 98.92% of the stock is currently owned by institutional investors and hedge funds.

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.