Several other research firms also recently commented on JBT. Wells Fargo & Company cut their target price 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. BMO Capital Markets reduced their price objective on shares of John Bean Technologies from $165.00 to $150.00 in a research note on Thursday, February 24th. Zacks Investment Research downgraded John Bean Technologies from a hold rating to a strong sell rating and set a $96.00 price target for the company. in a report on Thursday, March 3rd. StockNews.com started coverage on shares of John Bean Technologies in a research report on Thursday, March 31st. They issued a hold rating on the stock. Finally, TheStreet downgraded shares of John Bean Technologies from a b rating to a c+ rating in a report on Monday, March 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, John Bean Technologies presently has a consensus rating of Hold and an average target price of $131.20.
John Bean Technologies stock opened at $113.75 on Wednesday. The company’s fifty day simple moving average is $112.85 and its 200-day simple moving average is $138.27. The company has a quick ratio of 0.89, a current ratio of 1.31 and a debt-to-equity ratio of 0.90. 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 $3.47 billion, a P/E ratio of 30.83, a P/E/G ratio of 1.53 and a beta of 1.58.
The company also recently declared a quarterly dividend, which was paid on Monday, March 21st. Stockholders of record on Monday, March 7th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend was Friday, March 4th. John Bean Technologies’s payout ratio is 10.84%.
In other John Bean Technologies news, Director Caroline Maury Devine sold 300 shares of the firm’s stock in a transaction that occurred on Friday, March 18th. The shares were sold at an average price of $112.92, for a total transaction of $33,876.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.30% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. CIBC Asset Management Inc boosted its holdings in shares of John Bean Technologies by 3.3% in the third quarter. CIBC Asset Management Inc now owns 2,167 shares of the industrial products company’s stock worth $305,000 after acquiring an additional 69 shares during the period. HighTower Advisors LLC boosted its holdings in shares of John Bean Technologies by 1.2% during the third quarter. HighTower Advisors LLC now owns 6,029 shares of the industrial products company’s stock worth $851,000 after purchasing an additional 73 shares during the period. US Bancorp DE grew its position in shares of John Bean Technologies by 1.5% in the 3rd quarter. US Bancorp DE now owns 5,400 shares of the industrial products company’s stock worth $759,000 after buying an additional 80 shares during the last quarter. Voya Financial Advisors Inc. increased its position in John Bean Technologies by 5.9% during the 3rd quarter. Voya Financial Advisors Inc. now owns 1,523 shares of the industrial products company’s stock valued at $236,000 after purchasing an additional 85 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in John Bean Technologies by 0.7% in the fourth quarter. Louisiana State Employees Retirement System now owns 15,400 shares of the industrial products company’s stock worth $2,365,000 after buying an additional 100 shares in the last quarter.
John Bean Technologies Company Profile (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.
- Get a free copy of the StockNews.com research report on John Bean Technologies (JBT)
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