John Bean Technologies Co. (NYSE:JBT) Receives Consensus Rating of “Hold” from Analysts

Shares of John Bean Technologies Co. (NYSE:JBTGet Rating) have received an average recommendation of “Hold” from the seven brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $131.20.

JBT has been the topic of several research analyst reports. Robert W. Baird decreased their price target on shares of John Bean Technologies from $143.00 to $140.00 in a research note on Wednesday, April 27th. Zacks Investment Research downgraded John Bean Technologies from a “hold” rating to a “strong sell” rating and set a $96.00 target price on the stock. in a research report on Thursday, March 3rd. Wells Fargo & Company cut their price target on John Bean Technologies from $185.00 to $140.00 and set an “overweight” rating for the company in a report on Thursday, February 24th. BMO Capital Markets decreased their price objective on John Bean Technologies from $165.00 to $150.00 in a report on Thursday, February 24th. Finally, began coverage on shares of John Bean Technologies in a report on Thursday, March 31st. They issued a “hold” rating for the company.

In other John Bean Technologies news, Director Caroline Maury Devine sold 300 shares of John Bean Technologies stock in a transaction on Monday, April 18th. The shares were sold at an average price of $108.18, for a total transaction of $32,454.00. Following the completion of the transaction, the director now directly owns 47,404 shares of the company’s stock, valued at $5,128,164.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders sold 900 shares of company stock valued at $101,397. 1.30% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. IndexIQ Advisors LLC grew its stake in John Bean Technologies by 23.2% in the fourth quarter. IndexIQ Advisors LLC now owns 653 shares of the industrial products company’s stock worth $100,000 after purchasing an additional 123 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in John Bean Technologies in the fourth quarter worth about $1,187,000. Yousif Capital Management LLC bought a new position in John Bean Technologies during the 4th quarter worth about $4,471,000. American Century Companies Inc. bought a new stake in shares of John Bean Technologies in the 3rd quarter valued at about $30,397,000. Finally, Comerica Bank raised its stake in John Bean Technologies by 7.1% in the third quarter. Comerica Bank now owns 96,169 shares of the industrial products company’s stock worth $14,388,000 after buying an additional 6,402 shares in the last quarter.

Shares of NYSE JBT traded up $3.39 during mid-day trading on Friday, reaching $116.33. The company’s stock had a trading volume of 6,706 shares, compared to its average volume of 226,259. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.30 and a quick ratio of 0.84. John Bean Technologies has a 52 week low of $98.57 and a 52 week high of $177.56. The stock has a fifty day moving average of $114.50 and a two-hundred day moving average of $133.57. The firm has a market capitalization of $3.70 billion, a PE ratio of 30.94, a P/E/G ratio of 1.32 and a beta of 1.48.

John Bean Technologies (NYSE:JBTGet Rating) last posted its quarterly earnings results on Tuesday, April 26th. The industrial products company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.31. John Bean Technologies had a return on equity of 17.57% and a net margin of 6.09%. The business had revenue of $469.20 million during the quarter, compared to the consensus estimate of $440.64 million. During the same period in the prior year, the company posted $0.90 EPS. Analysts anticipate that John Bean Technologies will post 5.14 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 9th. Stockholders of record on Thursday, May 26th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend is Wednesday, May 25th. John Bean Technologies’s dividend payout ratio is currently 10.96%.

About John Bean Technologies (Get Rating)

John Bean Technologies Corporation provides technology solutions to food and beverage industry and equipment and services to air transportation industries. The company operates through two segments: JBT FoodTech and JBT AeroTech. It offers poultry processing, mixing/grinding, injecting, marinating, tumbling, portioning, packaging, coating, cooking, frying, freezing, weighing, X-ray food inspection, and food safety solutions.

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