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

Shares of John Bean Technologies Co. (NYSE:JBTGet Rating) have received a consensus recommendation of “Hold” from the seven brokerages that are currently covering the company, Marketbeat.com 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 brokerages that have issued a report on the stock in the last year is $133.40.

A number of analysts have recently commented on JBT shares. BMO Capital Markets dropped their target price on shares of John Bean Technologies from $165.00 to $150.00 in a report on Thursday, February 24th. Robert W. Baird lowered their price target on John Bean Technologies from $162.00 to $151.00 in a research report on Wednesday, February 23rd. TheStreet lowered John Bean Technologies from a “b” rating to a “c+” rating in a research report on Monday, March 14th. Zacks Investment Research lowered John Bean Technologies from a “hold” rating to a “strong sell” rating and set a $96.00 price target for the company. in a research report on Thursday, March 3rd. Finally, Wells Fargo & Company lowered their price target on John Bean Technologies from $185.00 to $140.00 and set an “overweight” rating for the company in a research report on Thursday, February 24th.

In other John Bean Technologies news, Director Caroline Maury Devine sold 300 shares of the business’s stock in a transaction dated Monday, April 18th. The stock was sold at an average price of $108.18, for a total value of $32,454.00. Following the completion of the transaction, the director now owns 47,404 shares of the company’s stock, valued at approximately $5,128,164.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.30% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of JBT. IndexIQ Advisors LLC increased its position in shares of John Bean Technologies by 23.2% during the 4th quarter. IndexIQ Advisors LLC now owns 653 shares of the industrial products company’s stock valued at $100,000 after purchasing an additional 123 shares during the last quarter. Boussard & Gavaudan Investment Management LLP purchased a new stake in shares of John Bean Technologies during the 3rd quarter valued at about $7,171,000. Yousif Capital Management LLC purchased a new stake in shares of John Bean Technologies during the 4th quarter valued at about $4,471,000. New York State Common Retirement Fund increased its position in shares of John Bean Technologies by 15.7% during the 3rd quarter. New York State Common Retirement Fund now owns 38,454 shares of the industrial products company’s stock valued at $5,405,000 after purchasing an additional 5,229 shares during the last quarter. Finally, American Century Companies Inc. purchased a new stake in shares of John Bean Technologies during the 3rd quarter valued at about $30,397,000.

Shares of JBT stock opened at $107.19 on Monday. John Bean Technologies has a 12 month low of $98.57 and a 12 month high of $177.56. The stock has a market cap of $3.27 billion, a PE ratio of 29.05, a price-to-earnings-growth ratio of 1.53 and a beta of 1.58. The company has a current ratio of 1.31, a quick ratio of 0.89 and a debt-to-equity ratio of 0.90. The company’s fifty day moving average price is $114.39 and its 200-day moving average price is $139.09.

John Bean Technologies (NYSE:JBTGet Rating) last announced its earnings results on Tuesday, February 22nd. The industrial products company reported $0.92 EPS for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.20). John Bean Technologies had a net margin of 6.34% and a return on equity of 18.38%. The business had revenue of $497.60 million for the quarter, compared to the consensus estimate of $519.39 million. During the same quarter last year, the firm posted $1.02 EPS. The business’s quarterly revenue was up 13.2% on a year-over-year basis. On average, sell-side analysts forecast that John Bean Technologies will post 4.85 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 21st. Shareholders of record on Monday, March 7th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date was Friday, March 4th. John Bean Technologies’s dividend payout ratio (DPR) is 10.84%.

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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