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

StockNews.com assumed coverage on shares of John Bean Technologies (NYSE:JBT – Get Rating) in a research report sent to investors on Thursday morning. The firm issued a hold rating on the industrial products company’s stock.

Several other equities analysts have also recently weighed in on JBT. JPMorgan Chase & Co. decreased their price objective on John Bean Technologies to $100.00 in a report on Monday, November 28th. TheStreet upgraded shares of John Bean Technologies from a c+ rating to a b rating in a research note on Tuesday, February 21st.

John Bean Technologies Price Performance

JBT stock opened at $100.49 on Thursday. The stock has a 50-day moving average price of $106.88 and a two-hundred day moving average price of $97.37. The stock has a market cap of $3.20 billion, a PE ratio of 24.63, a price-to-earnings-growth ratio of 1.26 and a beta of 1.39. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 1.13. John Bean Technologies has a 1 year low of $81.59 and a 1 year high of $126.75.

John Bean Technologies (NYSE:JBT – Get Rating) last announced its quarterly earnings data on Tuesday, February 21st. The industrial products company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.05. The company had revenue of $599.10 million during the quarter, compared to analysts’ expectations of $599.82 million. John Bean Technologies had a return on equity of 18.85% and a net margin of 6.03%. John Bean Technologies’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.92 EPS. Equities analysts forecast that John Bean Technologies will post 5.29 EPS for the current fiscal year.

John Bean Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 20th. Shareholders of record on Monday, March 6th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, March 3rd. This represents a $0.40 annualized dividend and a yield of 0.40%. John Bean Technologies’s dividend payout ratio (DPR) is presently 9.80%.

Insiders Place Their Bets

In other John Bean Technologies news, Director Caroline Maury Devine sold 300 shares of the firm’s stock in a transaction that occurred on Wednesday, January 18th. The shares were sold at an average price of $101.57, for a total transaction of $30,471.00. Following the completion of the sale, the director now directly owns 45,849 shares in the company, valued at $4,656,882.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 900 shares of company stock worth $89,841 over the last three months. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On John Bean Technologies

Several hedge funds have recently bought and sold shares of JBT. Alpha Paradigm Partners LLC acquired a new stake in shares of John Bean Technologies in the third quarter valued at approximately $347,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of John Bean Technologies in the third quarter valued at approximately $459,000. MQS Management LLC acquired a new stake in shares of John Bean Technologies in the third quarter valued at approximately $231,000. RK Capital Management LLC raised its position in shares of John Bean Technologies by 11.8% in the third quarter. RK Capital Management LLC now owns 128,635 shares of the industrial products company’s stock valued at $11,063,000 after buying an additional 13,560 shares in the last quarter. Finally, Engineers Gate Manager LP raised its position in shares of John Bean Technologies by 454.9% in the third quarter. Engineers Gate Manager LP now owns 13,938 shares of the industrial products company’s stock valued at $1,199,000 after buying an additional 11,426 shares in the last quarter. 98.38% of the stock is currently owned by institutional investors and hedge funds.

John Bean Technologies Company Profile

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John Bean Technologies Corp. is a technology solutions provider, which engages in the food, beverage, and air transportation industries. It operates through the JBT FoodTech and JBT AeroTech business segments. The JBT FoodTech segment designs, manufactures, and services technologically food processing systems for the preparation of meat, seafood and poultry products, ready-to-eat meals, shelf stable packaged foods, bakery products, juice and dairy products, and fruit and vegetable products.