John Bean Technologies (NYSE:JBT) Coverage Initiated at StockNews.com

Research analysts at StockNews.com started coverage on shares of John Bean Technologies (NYSE:JBT) in a note issued to investors on Tuesday. The firm set a “hold” rating on the industrial products company’s stock.

A number of other research analysts have also weighed in on the stock. 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 target on the stock. Jefferies Financial Group assumed coverage on shares of John Bean Technologies in a research note on Thursday, December 12th. They issued a “hold” rating and a $130.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $133.67.

John Bean Technologies Price Performance

John Bean Technologies has a 12-month low of $82.64 and a 12-month high of $132.69. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.55 and a quick ratio of 2.00. The firm has a market cap of $3.99 billion, a PE ratio of 26.48, a PEG ratio of 1.71 and a beta of 1.23. The company’s 50 day simple moving average is $121.88 and its 200-day simple moving average is $103.92.

John Bean Technologies (NYSE:JBT) last posted its earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. The firm had revenue of $453.80 million for the quarter, compared to analysts’ expectations 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 period last year, the firm earned $1.11 EPS. Sell-side analysts expect that John Bean Technologies will post 5.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its stake in John Bean Technologies by 111.7% in the 4th quarter. GAMMA Investing LLC now owns 271 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 143 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of John Bean Technologies during the 3rd quarter worth approximately $39,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of John Bean Technologies during the 3rd quarter worth approximately $39,000. Kimelman & Baird LLC acquired a new stake in shares of John Bean Technologies during the 2nd quarter worth approximately $85,000. Finally, KBC Group NV increased its holdings 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 during the last quarter. 98.92% of the stock is owned by hedge funds and other 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.