CJS Securities Begins Coverage on John Bean Technologies (NYSE:JBT)

CJS Securities initiated coverage on shares of John Bean Technologies (NYSE:JBT - Free Report) in a report published on Thursday, MarketBeat.com reports. The brokerage issued an outperform rating and a $150.00 price objective on the industrial products company's stock.

Separately, Jefferies Financial Group initiated coverage on shares of John Bean Technologies in a research note on Thursday. They set a "hold" rating and a $130.00 price objective on the stock.

John Bean Technologies Trading Up 1.7 %

JBT traded up $2.11 during trading on Thursday, reaching $127.12. 465,778 shares of the company's stock were exchanged, compared to its average volume of 286,324. The company's fifty day moving average price is $114.08 and its 200-day moving average price is $100.65. The firm has a market capitalization of $4.05 billion, a PE ratio of 23.58, a P/E/G ratio of 1.71 and a beta of 1.24. John Bean Technologies has a fifty-two week low of $82.64 and a fifty-two week high of $128.23. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.00 and a current ratio of 2.55.

John Bean Technologies (NYSE:JBT - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.50 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.09. John Bean Technologies had a return on equity of 10.16% and a net margin of 10.25%. The business had revenue of $453.80 million during the quarter, compared to analysts' expectations of $442.20 million. During the same period in the previous year, the firm earned $1.11 earnings per share. The firm's quarterly revenue was up 12.4% compared to the same quarter last year. As a group, equities analysts forecast that John Bean Technologies will post 5.23 EPS for the current year.

John Bean Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. John Bean Technologies's dividend payout ratio (DPR) is currently 7.42%.

Hedge Funds Weigh In On John Bean Technologies

Several institutional investors have recently modified their holdings of JBT. CWM LLC boosted its stake in John Bean Technologies by 113.2% in the 2nd quarter. CWM LLC now owns 324 shares of the industrial products company's stock worth $31,000 after purchasing an additional 172 shares during the period. SG Americas Securities LLC grew its holdings in shares of John Bean Technologies by 192.5% during the second quarter. SG Americas Securities LLC now owns 8,911 shares of the industrial products company's stock worth $846,000 after buying an additional 5,865 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in John Bean Technologies by 53.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,486 shares of the industrial products company's stock valued at $331,000 after buying an additional 1,214 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in John Bean Technologies by 75.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 9,681 shares of the industrial products company's stock valued at $919,000 after acquiring an additional 4,160 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in John Bean Technologies by 1.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 16,000 shares of the industrial products company's stock worth $1,520,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 98.92% of the company's stock.

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.