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

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

JBT has been the subject of a number of other research reports. CJS Securities assumed coverage on shares of John Bean Technologies in a research report on Thursday, December 12th. They set an “outperform” rating and a $150.00 target price for the company. Jefferies Financial Group initiated 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 for the company.

John Bean Technologies Price Performance

The company has a fifty day moving average of $121.88 and a 200-day moving average of $103.92. The company has a current ratio of 2.55, a quick ratio of 2.00 and a debt-to-equity ratio of 0.41. John Bean Technologies has a 52 week low of $82.64 and a 52 week high of $132.69. The stock has a market capitalization of $3.99 billion, a PE ratio of 26.48, a price-to-earnings-growth ratio of 1.71 and a beta of 1.23.

Hedge Funds Weigh In On John Bean Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its stake in John Bean Technologies by 111.7% in the fourth quarter. GAMMA Investing LLC now owns 271 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 143 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of John Bean Technologies in the 3rd quarter worth about $39,000. Sanctuary Advisors LLC purchased a new position in shares of John Bean Technologies in the 3rd quarter worth about $258,000. Hohimer Wealth Management LLC bought a new position in shares of John Bean Technologies during the 3rd quarter valued at about $258,000. Finally, Teachers Retirement System of The State of Kentucky raised its holdings 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 valued at $18,173,000 after buying an additional 74,636 shares in the last quarter. 98.92% of the stock is currently owned by hedge funds and other 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.