StockNews.com Begins Coverage on John Bean Technologies (NYSE:JBT)

Investment analysts at StockNews.com initiated coverage on shares of John Bean Technologies (NYSE:JBT) in a report released on Thursday. The brokerage set a “hold” rating on the industrial products company’s stock.

Other equities research analysts have also issued research reports about the company. Jefferies Financial Group assumed coverage on John Bean Technologies in a research report on Thursday, December 12th. They set a “hold” rating and a $130.00 price objective on the stock. CJS Securities began coverage on shares of John Bean Technologies in a report on Thursday, December 12th. They set an “outperform” rating and a $150.00 target price on the stock.

John Bean Technologies Price Performance

The firm has a 50 day moving average price of $121.88 and a 200-day moving average price of $103.92. John Bean Technologies has a 1-year low of $82.64 and a 1-year high of $132.69. The company has a current ratio of 2.55, a quick ratio of 2.00 and a debt-to-equity ratio of 0.41. The company has a market cap 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.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in JBT. Sei Investments Co. increased its stake in John Bean Technologies by 64.4% during the 2nd quarter. Sei Investments Co. now owns 6,686 shares of the industrial products company’s stock valued at $635,000 after purchasing an additional 2,620 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of John Bean Technologies during the second quarter worth about $1,532,000. The Manufacturers Life Insurance Company raised its holdings in shares of John Bean Technologies by 2.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,558 shares of the industrial products company’s stock worth $1,667,000 after acquiring an additional 386 shares during the last quarter. Algert Global LLC bought a new position in John Bean Technologies in the 2nd quarter valued at about $304,000. Finally, Creative Planning acquired a new position in John Bean Technologies during the 2nd quarter valued at about $711,000. 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.