John Bean Technologies Co. (NYSE:JBT) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of John Bean Technologies Co. (NYSE:JBT) have received a consensus recommendation of “Moderate Buy” from the two research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $121.00.

Separately, William Blair restated a “market perform” rating on shares of John Bean Technologies in a research note on Thursday, May 2nd.

John Bean Technologies Stock Down 1.4 %

Shares of NYSE:JBT opened at $96.52 on Wednesday. The business has a 50-day moving average price of $93.86 and a 200 day moving average price of $97.71. John Bean Technologies has a 12-month low of $88.03 and a 12-month high of $125.88. The company has a current ratio of 2.37, a quick ratio of 1.83 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 5.15, a PEG ratio of 1.52 and a beta of 1.31.

John Bean Technologies (NYSE:JBT) last issued its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. John Bean Technologies had a net margin of 36.12% and a return on equity of 10.56%. The company had revenue of $392.30 million for the quarter, compared to analyst estimates of $396.55 million. During the same period in the prior year, the firm earned $0.94 earnings per share. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. Sell-side analysts expect that John Bean Technologies will post 5.15 EPS for the current year.

John Bean Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Thursday, May 23rd were given a $0.10 dividend. The ex-dividend date was Wednesday, May 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.41%. John Bean Technologies’s dividend payout ratio (DPR) is 2.13%.

Institutional Investors Weigh In On John Bean Technologies

Hedge funds have recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its stake in shares of John Bean Technologies by 162.1% in the first quarter. UMB Bank n.a. now owns 249 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 154 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of John Bean Technologies during the 1st quarter valued at approximately $61,000. SG Americas Securities LLC purchased a new stake in shares of John Bean Technologies during the 4th quarter worth approximately $143,000. Dark Forest Capital Management LP acquired a new stake in shares of John Bean Technologies in the 3rd quarter worth approximately $220,000. Finally, Jump Financial LLC purchased a new position in John Bean Technologies in the 4th quarter valued at approximately $211,000. 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.