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

StockNews.com initiated coverage on shares of John Bean Technologies (NYSE:JBT) in a report published on Friday morning. The brokerage issued a hold rating on the industrial products company’s stock.

A number of other equities analysts have also recently issued reports on the company. CJS Securities assumed coverage on John Bean Technologies in a report on Thursday, December 12th. They issued an “outperform” rating and a $150.00 price objective for the company. Jefferies Financial Group started coverage on John Bean Technologies in a research note on Thursday, December 12th. They issued a “hold” rating and a $130.00 target price for the company.

John Bean Technologies Stock Performance

John Bean Technologies has a fifty-two week low of $82.64 and a fifty-two week high of $132.69. The stock’s 50-day moving average is $121.88 and its two-hundred day moving average is $103.92. The company has a market cap of $3.99 billion, a P/E ratio of 26.48, a P/E/G ratio of 1.71 and a beta of 1.23. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.55 and a quick ratio of 2.00.

John Bean Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of ∞. John Bean Technologies’s dividend payout ratio (DPR) is currently 7.42%.

Institutional Investors Weigh In On John Bean Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of JBT. GAMMA Investing LLC increased its stake in John Bean Technologies by 111.7% in the 4th quarter. GAMMA Investing LLC now owns 271 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 143 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of John Bean Technologies in the third quarter worth $39,000. Sanctuary Advisors LLC bought a new stake in John Bean Technologies during the 3rd quarter valued at $258,000. Hohimer Wealth Management LLC bought a new stake in John Bean Technologies during the 3rd quarter valued at $258,000. Finally, Teachers Retirement System of The State of Kentucky boosted its position in John Bean Technologies by 67.9% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 184,479 shares of the industrial products company’s stock valued at $18,173,000 after buying an additional 74,636 shares during the period. Institutional investors own 98.92% of the company’s stock.

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.