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

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

JBT has been the topic of a number of other research reports. 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 price target on the stock. Jefferies Financial Group initiated coverage on shares of John Bean Technologies in a research note on Thursday, December 12th. They issued a “hold” rating and a $130.00 price target for the company.

John Bean Technologies Price Performance

The company has a debt-to-equity ratio of 0.41, a current ratio of 2.55 and a quick ratio of 2.00. The business’s 50 day simple moving average is $121.88 and its 200-day simple moving average is $103.92. John Bean Technologies has a 52 week low of $82.64 and a 52 week high of $132.69. The company 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 Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Royce & Associates LP boosted its position in John Bean Technologies by 7.2% in the 3rd 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of John Bean Technologies by 170.9% in the third 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 valued at $82,964,000 after acquiring an additional 531,298 shares in the last quarter. Geode Capital Management LLC boosted its stake in John Bean Technologies by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 729,853 shares of the industrial products company’s stock worth $71,912,000 after purchasing an additional 3,440 shares during the last quarter. Bamco Inc. NY grew its stake in John Bean Technologies by 3.7% during the 3rd quarter. Bamco Inc. NY now owns 700,000 shares of the industrial products company’s stock valued at $68,957,000 after acquiring an additional 25,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of John Bean Technologies by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 393,382 shares of the industrial products company’s stock valued at $38,752,000 after purchasing an additional 11,474 shares during the last quarter. 98.92% of the stock is owned by institutional investors and hedge funds.

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.