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

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

A number of other research firms have also recently commented on JBT. CJS Securities started coverage on shares of John Bean Technologies in a report on Thursday, December 12th. They issued an “outperform” rating and a $150.00 price target for the company. Jefferies Financial Group assumed coverage on John Bean Technologies in a research note on Thursday, December 12th. They issued a “hold” rating and a $130.00 target price for the company.

John Bean Technologies Stock Performance

The company has a market cap of $3.99 billion, a PE ratio of 26.48, a price-to-earnings-growth 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. 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 stock’s 50-day simple moving average is $121.88 and its 200 day simple moving average is $103.92.

John Bean Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend 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 Trading of John Bean Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pathstone Holdings LLC grew its holdings in John Bean Technologies by 21.5% during the third quarter. Pathstone Holdings LLC now owns 24,445 shares of the industrial products company’s stock worth $2,408,000 after buying an additional 4,325 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake 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 acquiring an additional 11,474 shares in the last quarter. Intech Investment Management LLC grew its stake in shares of John Bean Technologies by 139.3% in the 3rd quarter. Intech Investment Management LLC now owns 12,712 shares of the industrial products company’s stock worth $1,252,000 after acquiring an additional 7,399 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its position 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 purchasing an additional 74,636 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in John Bean Technologies during the third quarter worth about $258,000. 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.