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

StockNews.com initiated coverage on shares of John Bean Technologies (NYSE:JBT) in a report released on Friday morning. The firm issued a hold rating on the industrial products company’s stock.

JBT has been the topic of several other reports. CJS Securities assumed coverage on John Bean Technologies in a research report on Thursday, December 12th. They set an “outperform” rating and a $150.00 price objective on the stock. Jefferies Financial Group started coverage on shares of John Bean Technologies in a research note on Thursday, December 12th. They set a “hold” rating and a $130.00 price target on the stock.

John Bean Technologies Price Performance

The company 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 12 month low of $82.64 and a 12 month 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 capitalization of $3.99 billion, a PE ratio of 26.48, a PEG ratio of 1.71 and a beta of 1.23.

John Bean Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were given a dividend of $0.10 per share. The ex-dividend date was Friday, December 13th. This represents a $0.40 annualized dividend and a yield of ∞. John Bean Technologies’s payout ratio is currently 7.42%.

Hedge Funds Weigh In On John Bean Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Pathstone Holdings LLC increased its holdings in John Bean Technologies by 21.5% during the 3rd quarter. Pathstone Holdings LLC now owns 24,445 shares of the industrial products company’s stock valued at $2,408,000 after purchasing an additional 4,325 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of John Bean Technologies by 3.0% in 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 buying an additional 11,474 shares during the last quarter. Intech Investment Management LLC increased its stake in shares of John Bean Technologies by 139.3% during the third quarter. Intech Investment Management LLC now owns 12,712 shares of the industrial products company’s stock valued at $1,252,000 after buying an additional 7,399 shares during the period. Teachers Retirement System of The State of Kentucky raised its holdings in shares of John Bean Technologies by 67.9% during 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 in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in John Bean Technologies in the third quarter worth $258,000. 98.92% of the stock is owned by 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.