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

Research analysts at StockNews.com assumed coverage on shares of John Bean Technologies (NYSE:JBTGet Free Report) in a research note issued on Wednesday. The firm set a “hold” rating on the industrial products company’s stock.

Other equities research analysts have also issued research reports about the stock. CJS Securities initiated coverage on shares of John Bean Technologies in a report on Thursday, December 12th. They issued an “outperform” rating and a $150.00 price target for the company. Jefferies Financial Group initiated coverage on shares of John Bean Technologies in a report on Thursday, December 12th. They issued a “hold” rating and a $130.00 price target for the company. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $133.67.

View Our Latest Report on John Bean Technologies

John Bean Technologies Price Performance

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 stock has a market cap of $3.99 billion, a price-to-earnings ratio of 26.48, a price-to-earnings-growth ratio of 1.71 and a beta of 1.23. The company’s fifty day moving average price is $121.88 and its 200 day moving average price is $103.92. John Bean Technologies has a 1-year low of $82.64 and a 1-year high of $132.69.

John Bean Technologies (NYSE:JBTGet Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.41 by $0.09. The company had revenue of $453.80 million during the quarter, compared to analyst estimates of $442.20 million. John Bean Technologies had a net margin of 10.25% and a return on equity of 10.16%. The firm’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.11 EPS. On average, sell-side analysts anticipate that John Bean Technologies will post 5.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On John Bean Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royce & Associates LP boosted its stake in John Bean Technologies by 7.2% during the 3rd quarter. Royce & Associates LP now owns 858,523 shares of the industrial products company’s stock worth $84,573,000 after purchasing an additional 57,371 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in 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 worth $82,964,000 after purchasing an additional 531,298 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in John Bean Technologies by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 778,178 shares of the industrial products company’s stock worth $73,908,000 after purchasing an additional 19,549 shares during the last quarter. Geode Capital Management LLC boosted its stake in John Bean Technologies by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 729,853 shares of the industrial products company’s stock worth $71,912,000 after purchasing an additional 3,440 shares during the last quarter. Finally, Bamco Inc. NY boosted its stake in John Bean Technologies by 3.7% during the 3rd quarter. Bamco Inc. NY now owns 700,000 shares of the industrial products company’s stock worth $68,957,000 after purchasing an additional 25,000 shares during the last quarter. Institutional investors and hedge funds own 98.92% of the company’s stock.

About John Bean Technologies

(Get Free Report)

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.

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