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

Investment analysts at StockNews.com initiated coverage on shares of John Bean Technologies (NYSE:JBT) in a research note issued to investors on Wednesday. The brokerage set a “hold” rating on the industrial products company’s stock.

Other research analysts have also issued reports about the company. CJS Securities started coverage on John Bean Technologies in a report on Thursday, December 12th. They set an “outperform” rating and a $150.00 target price on the stock. Jefferies Financial Group assumed coverage on shares of John Bean Technologies in a research report 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 1-year low of $82.64 and a 1-year high of $132.69. The company has a quick ratio of 2.00, a current ratio of 2.55 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $3.99 billion, a PE ratio of 26.48, a PEG ratio of 1.71 and a beta of 1.23. The company has a 50-day moving average of $121.88 and a 200 day moving average of $103.92.

John Bean Technologies (NYSE:JBT) last issued its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. John Bean Technologies had a return on equity of 10.16% and a net margin of 10.25%. The firm had revenue of $453.80 million during the quarter, compared to analyst estimates of $442.20 million. During the same period last year, the company posted $1.11 EPS. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. On average, analysts forecast that John Bean Technologies will post 5.21 earnings per share for the current fiscal year.

Institutional Trading of John Bean Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of John Bean Technologies by 170.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 842,184 shares of the industrial products company’s stock worth $82,964,000 after acquiring an additional 531,298 shares in the last quarter. ArrowMark Colorado Holdings LLC acquired a new position in John Bean Technologies in the 3rd quarter worth approximately $29,385,000. NFJ Investment Group LLC purchased a new position in John Bean Technologies during the 3rd quarter worth approximately $12,151,000. Teachers Retirement System of The State of Kentucky lifted its position in shares of 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 worth $18,173,000 after purchasing an additional 74,636 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its stake in John Bean Technologies by 37.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 236,865 shares of the industrial products company’s stock valued at $22,495,000 after purchasing an additional 64,280 shares during the period. Institutional investors and hedge funds own 98.92% of the company’s stock.

About John Bean Technologies

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.