John Bean Technologies (NYSE:JBT) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of John Bean Technologies (NYSE:JBT) in a research note issued to investors on Friday. The firm issued a hold rating on the industrial products company’s stock.

Several other equities research analysts have also commented on JBT. CJS Securities started 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 John Bean Technologies in a research report on Thursday, December 12th. They issued a “hold” rating and a $130.00 price target on the stock.

John Bean Technologies Stock Performance

The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.00 and a current ratio of 2.55. The company has a market capitalization of $3.99 billion, a P/E ratio of 26.48, a price-to-earnings-growth ratio of 1.71 and a beta of 1.23. The business has a 50-day moving average price of $121.88 and a two-hundred day moving average price of $103.92. John Bean Technologies has a twelve month low of $82.64 and a twelve month high of $132.69.

John Bean Technologies Announces Dividend

The company also recently disclosed 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. The ex-dividend date was Friday, December 13th. This represents a $0.40 dividend on an annualized basis and a yield of ?. John Bean Technologies’s dividend payout ratio is currently 7.42%.

Hedge Funds Weigh In On John Bean Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in John Bean Technologies by 170.9% in the 3rd 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 purchasing an additional 531,298 shares during the period. ArrowMark Colorado Holdings LLC bought a new stake in shares of John Bean Technologies in the third quarter worth $29,385,000. NFJ Investment Group LLC purchased a new stake in John Bean Technologies during the third quarter valued at $12,151,000. Teachers Retirement System of The State of Kentucky lifted its holdings in John Bean Technologies by 67.9% in the third 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 acquiring an additional 74,636 shares during the period. Finally, Royce & Associates LP boosted its position in John Bean Technologies by 7.2% in the third quarter. Royce & Associates LP now owns 858,523 shares of the industrial products company’s stock worth $84,573,000 after purchasing an additional 57,371 shares during the last quarter. 98.92% of the stock is owned by institutional investors.

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.