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

Equities research analysts at StockNews.com started coverage on shares of John Bean Technologies (NYSE:JBT) in a report released on Thursday. The firm set a “hold” rating on the industrial products company’s stock.

Other analysts have also issued research reports about the stock. CJS Securities initiated 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 on the stock. Jefferies Financial Group began coverage on John Bean Technologies in a research note on Thursday, December 12th. They set a “hold” rating and a $130.00 price objective for the company.

John Bean Technologies Price Performance

John Bean Technologies has a 52-week low of $82.64 and a 52-week high of $132.69. The company has a current ratio of 2.55, a quick ratio of 2.00 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 26.48, a P/E/G ratio of 1.71 and a beta of 1.23. The firm has a 50 day moving average price of $121.88 and a 200 day moving average price of $103.92.

Institutional Trading of John Bean Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC lifted its position in shares of John Bean Technologies by 111.7% during the 4th quarter. GAMMA Investing LLC now owns 271 shares of the industrial products company’s stock valued at $34,000 after buying an additional 143 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in John Bean Technologies during the third quarter valued at $39,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of John Bean Technologies in the third quarter valued at about $39,000. KBC Group NV increased its stake in shares of John Bean Technologies by 31.5% during the third quarter. KBC Group NV now owns 1,014 shares of the industrial products company’s stock worth $100,000 after purchasing an additional 243 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new position in shares of John Bean Technologies during the 3rd quarter worth about $186,000. 98.92% of the stock is currently 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.