StockNews.com began coverage on shares of John Bean Technologies (NYSE:JBT – Free Report) in a report published on Tuesday morning. The firm issued a hold rating on the industrial products company’s stock.
Several other equities analysts have also recently issued reports on the company. CJS Securities started coverage on John Bean Technologies in a report on Thursday, December 12th. They issued an “outperform” rating and a $150.00 price objective for the company. Jefferies Financial Group started coverage on John Bean Technologies in a report on Thursday, December 12th. They issued a “hold” rating and a $130.00 price objective for the company. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $133.67.
Check Out Our Latest Analysis on John Bean Technologies
John Bean Technologies Stock Performance
John Bean Technologies (NYSE:JBT – Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.09. The business had revenue of $453.80 million for the quarter, compared to the consensus estimate of $442.20 million. John Bean Technologies had a return on equity of 10.16% and a net margin of 10.25%. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.11 EPS. As a group, analysts predict that John Bean Technologies will post 5.21 EPS for the current fiscal year.
John Bean Technologies Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.40 dividend on an annualized basis and a yield of ∞. John Bean Technologies’s payout ratio is 7.42%.
Hedge Funds Weigh In On John Bean Technologies
Large investors have recently bought and sold shares of the business. Pathstone Holdings LLC raised its holdings in John Bean Technologies by 21.5% in the 3rd quarter. Pathstone Holdings LLC now owns 24,445 shares of the industrial products company’s stock worth $2,408,000 after purchasing an additional 4,325 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in 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 purchasing an additional 11,474 shares during the period. Susquehanna International Group Ltd. acquired a new position in John Bean Technologies in the 2nd quarter worth about $945,000. D. E. Shaw & Co. Inc. raised its holdings in John Bean Technologies by 37.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 236,865 shares of the industrial products company’s stock worth $22,495,000 after purchasing an additional 64,280 shares during the period. Finally, Intech Investment Management LLC raised its holdings in 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 purchasing an additional 7,399 shares during the period. Institutional investors and hedge funds own 98.92% of the company’s stock.
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.
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