John Bean Technologies Co. (NYSE:JBT) Receives Average Rating of “Moderate Buy” from Brokerages

John Bean Technologies Co. (NYSE:JBT) has been given a consensus recommendation of “Moderate Buy” by the two analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $121.00.

A number of research firms have weighed in on JBT. Robert W. Baird reaffirmed an “outperform” rating and set a $121.00 price target on shares of John Bean Technologies in a research report on Monday, January 22nd. William Blair restated a “market perform” rating on shares of John Bean Technologies in a research note on Thursday, May 2nd.

Institutional Trading of John Bean Technologies

A number of hedge funds have recently added to or reduced their stakes in JBT. SG Americas Securities LLC boosted its stake in shares of John Bean Technologies by 111.2% during the first quarter. SG Americas Securities LLC now owns 3,046 shares of the industrial products company’s stock valued at $319,000 after purchasing an additional 1,604 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in John Bean Technologies during the 1st quarter worth approximately $238,000. Duality Advisers LP increased its position in John Bean Technologies by 20.6% in the 1st quarter. Duality Advisers LP now owns 4,655 shares of the industrial products company’s stock valued at $488,000 after acquiring an additional 796 shares during the period. Texas Permanent School Fund Corp raised its stake in shares of John Bean Technologies by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 27,865 shares of the industrial products company’s stock valued at $2,923,000 after acquiring an additional 360 shares during the last quarter. Finally, Pullen Investment Management LLC acquired a new position in shares of John Bean Technologies during the first quarter worth $437,000. Institutional investors and hedge funds own 98.92% of the company’s stock.

John Bean Technologies Trading Up 1.1 %

NYSE:JBT opened at $92.11 on Tuesday. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 4.92, a PEG ratio of 1.41 and a beta of 1.29. John Bean Technologies has a 1-year low of $88.03 and a 1-year high of $125.88. The business’s 50-day moving average price is $97.26 and its two-hundred day moving average price is $100.01. The company has a current ratio of 2.37, a quick ratio of 1.83 and a debt-to-equity ratio of 0.43.

John Bean Technologies (NYSE:JBT) last announced its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. The company had revenue of $392.30 million for the quarter, compared to analysts’ expectations of $396.55 million. John Bean Technologies had a net margin of 36.12% and a return on equity of 10.56%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the firm posted $0.94 earnings per share. On average, equities analysts expect that John Bean Technologies will post 5.12 earnings per share for the current year.

John Bean Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.43%. The ex-dividend date was Friday, March 8th. John Bean Technologies’s payout ratio is 2.13%.

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.