John Bean Technologies (NYSE:JBT) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of John Bean Technologies (NYSE:JBT) in a report issued on Tuesday. 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 initiated coverage on John Bean Technologies in a 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 John Bean Technologies in a report on Thursday, December 12th. They set a “hold” rating and a $130.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, John Bean Technologies has an average rating of “Hold” and a consensus target price of $133.67.

John Bean Technologies Price Performance

The business’s fifty day moving average is $121.88 and its two-hundred day moving average is $103.92. 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 stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 26.48, a P/E/G ratio of 1.71 and a beta of 1.23. John Bean Technologies has a twelve month low of $82.64 and a twelve month high of $132.69.

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

Hedge Funds Weigh In On John Bean Technologies

Hedge funds have recently made changes to their positions in the company. Pathstone Holdings LLC increased its position in shares of John Bean Technologies by 21.5% in the 3rd quarter. Pathstone Holdings LLC now owns 24,445 shares of the industrial products company’s stock valued at $2,408,000 after acquiring an additional 4,325 shares during the period. Charles Schwab Investment Management Inc. grew its position in John Bean Technologies by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 393,382 shares of the industrial products company’s stock worth $38,752,000 after purchasing an additional 11,474 shares during the period. Susquehanna International Group Ltd. acquired a new stake in John Bean Technologies during the 2nd quarter worth about $945,000. D. E. Shaw & Co. Inc. grew its position 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 worth $22,495,000 after purchasing an additional 64,280 shares during the period. Finally, Intech Investment Management LLC grew its position in John Bean Technologies by 139.3% during the 3rd quarter. Intech Investment Management LLC now owns 12,712 shares of the industrial products company’s stock worth $1,252,000 after purchasing an additional 7,399 shares during the period. 98.92% of the stock is owned by institutional investors and hedge funds.

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.