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

StockNews.com started coverage on shares of John Bean Technologies (NYSE:JBTGet Rating) in a research report released on Thursday. The brokerage issued a hold rating on the industrial products company’s stock.

Several other research firms have also issued reports on JBT. JPMorgan Chase & Co. dropped their target price on shares of 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 report on Tuesday, February 21st.

John Bean Technologies Stock Performance

Shares of John Bean Technologies stock opened at $100.49 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 1.13. John Bean Technologies has a twelve month low of $81.59 and a twelve month high of $126.75. The stock has a market cap of $3.20 billion, a price-to-earnings ratio of 24.63, a P/E/G ratio of 1.26 and a beta of 1.39. The company’s fifty day moving average is $106.88 and its 200 day moving average is $97.37.

John Bean Technologies (NYSE:JBTGet Rating) last issued its quarterly earnings data on Tuesday, February 21st. The industrial products company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.05. The company had revenue of $599.10 million for the quarter, compared to analysts’ expectations of $599.82 million. John Bean Technologies had a net margin of 6.03% and a return on equity of 18.85%. John Bean Technologies’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 earnings per share. Sell-side analysts forecast that John Bean Technologies will post 5.29 EPS for the current year.

John Bean Technologies Dividend Announcement

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

Insider Activity

In other news, Director Caroline Maury Devine sold 300 shares of the company’s stock in a transaction dated Wednesday, January 18th. The shares were sold at an average price of $101.57, for a total transaction of $30,471.00. Following the transaction, the director now 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 through the SEC website. Over the last 90 days, insiders have sold 900 shares of company stock worth $89,841. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On John Bean Technologies

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of John Bean Technologies by 0.9% during the third quarter. Vanguard Group Inc. now owns 3,427,710 shares of the industrial products company’s stock worth $294,782,000 after acquiring an additional 31,812 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of John Bean Technologies by 0.7% during the second quarter. Price T Rowe Associates Inc. MD now owns 2,090,005 shares of the industrial products company’s stock worth $230,778,000 after acquiring an additional 13,604 shares in the last quarter. Wellington Management Group LLP increased its position in shares of John Bean Technologies by 64.6% during the first quarter. Wellington Management Group LLP now owns 1,844,737 shares of the industrial products company’s stock worth $218,546,000 after acquiring an additional 723,720 shares in the last quarter. State Street Corp increased its position in shares of John Bean Technologies by 3.7% during the first quarter. State Street Corp now owns 1,072,846 shares of the industrial products company’s stock worth $127,100,000 after acquiring an additional 38,132 shares in the last quarter. Finally, ArrowMark Colorado Holdings LLC increased its position in shares of John Bean Technologies by 20.8% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 796,136 shares of the industrial products company’s stock worth $72,711,000 after acquiring an additional 137,242 shares in the last quarter. Institutional investors and hedge funds own 98.38% of the company’s stock.

John Bean Technologies Company Profile

(Get Rating)

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.

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