StockNews.com began coverage on shares of John Bean Technologies (NYSE:JBT – Free Report) in a report published on Thursday. The brokerage issued a hold rating on the industrial products company’s stock.
A number of other equities research analysts also recently issued reports on JBT. CJS Securities began coverage on shares of John Bean Technologies in a research note on Thursday, December 12th. They set an “outperform” rating and a $150.00 price objective on the stock. Jefferies Financial Group began 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 objective on the stock.
Read Our Latest Analysis on John Bean Technologies
John Bean Technologies Stock Performance
John Bean Technologies Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of ∞. The ex-dividend date was Friday, December 13th. John Bean Technologies’s payout ratio is 7.42%.
Institutional Investors Weigh In On John Bean Technologies
Several hedge funds and other institutional investors have recently made changes to their positions in JBT. Sei Investments Co. boosted its position in John Bean Technologies by 64.4% in the second quarter. Sei Investments Co. now owns 6,686 shares of the industrial products company’s stock valued at $635,000 after buying an additional 2,620 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of John Bean Technologies in the 2nd quarter valued at $1,532,000. The Manufacturers Life Insurance Company boosted its holdings in shares of John Bean Technologies by 2.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,558 shares of the industrial products company’s stock valued at $1,667,000 after acquiring an additional 386 shares in the last quarter. Algert Global LLC bought a new stake in John Bean Technologies during the 2nd quarter worth $304,000. Finally, Creative Planning acquired a new position in John Bean Technologies in the 2nd quarter worth about $711,000. 98.92% of the stock is owned by 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.
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