Analysts Set John Bean Technologies Co. (NYSE:JBT) Price Target at $121.00

Shares of John Bean Technologies Co. (NYSE:JBT) have been assigned an average recommendation of “Moderate Buy” from the two research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $121.00.

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

Institutional Investors Weigh In On John Bean Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Eagle Investment Management LLC grew its stake in shares of John Bean Technologies by 1.5% in the first quarter. First Eagle Investment Management LLC now owns 68,219 shares of the industrial products company’s stock worth $7,155,000 after purchasing an additional 1,000 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in John Bean Technologies by 19.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 10,855 shares of the industrial products company’s stock worth $1,186,000 after buying an additional 1,760 shares during the period. Motley Fool Asset Management LLC grew its position in shares of John Bean Technologies by 36.8% in the 1st quarter. Motley Fool Asset Management LLC now owns 26,768 shares of the industrial products company’s stock worth $2,808,000 after buying an additional 7,194 shares during the last quarter. Bleakley Financial Group LLC increased its stake in shares of John Bean Technologies by 45.0% during the first quarter. Bleakley Financial Group LLC now owns 5,411 shares of the industrial products company’s stock valued at $568,000 after buying an additional 1,680 shares during the period. Finally, ProShare Advisors LLC raised its holdings in shares of John Bean Technologies by 7.4% during the first quarter. ProShare Advisors LLC now owns 6,422 shares of the industrial products company’s stock valued at $674,000 after acquiring an additional 441 shares in the last quarter. 98.92% of the stock is currently owned by institutional investors.

John Bean Technologies Stock Up 2.0 %

JBT stock opened at $93.58 on Tuesday. The company’s 50 day moving average is $96.73 and its 200 day moving average is $99.87. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 4.99, a price-to-earnings-growth ratio of 1.41 and a beta of 1.29. 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 has a 1-year low of $88.03 and a 1-year high of $125.88.

John Bean Technologies (NYSE:JBT) last issued its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. John Bean Technologies had a net margin of 36.12% and a return on equity of 10.56%. The firm had revenue of $392.30 million for the quarter, compared to analyst estimates of $396.55 million. During the same quarter in the prior year, the firm earned $0.94 EPS. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. Sell-side analysts predict that John Bean Technologies will post 5.12 EPS for the current fiscal year.

John Bean Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend was Friday, March 8th. John Bean Technologies’s dividend payout ratio (DPR) is presently 2.13%.

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.