John Bean Technologies (NYSE:JBT) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of John Bean Technologies (NYSE:JBT – Get Rating) in a research note issued on Thursday. The brokerage set a “hold” rating on the industrial products company’s stock.

A number of other brokerages also recently issued reports on JBT. JPMorgan Chase & Co. cut their price target on John Bean Technologies to $100.00 in a report on Monday, November 28th. TheStreet upgraded shares of John Bean Technologies from a “c+” rating to a “b” rating in a report on Tuesday, February 21st.

John Bean Technologies Stock Performance

Shares of John Bean Technologies stock opened at $102.69 on Thursday. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 1.13. The stock’s fifty day moving average price is $106.57 and its 200-day moving average price is $97.42. The firm has a market cap of $3.27 billion, a P/E ratio of 25.17, a P/E/G ratio of 1.26 and a beta of 1.39. John Bean Technologies has a 12 month low of $81.59 and a 12 month high of $126.75.

John Bean Technologies (NYSE:JBT – Get Rating) last posted its earnings results on Tuesday, February 21st. The industrial products company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.05. John Bean Technologies had a net margin of 6.03% and a return on equity of 18.85%. The business had revenue of $599.10 million for the quarter, compared to the consensus estimate of $599.82 million. During the same quarter last year, the firm posted $0.92 EPS. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. On average, equities research analysts expect that John Bean Technologies will post 5.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other John Bean Technologies news, Director Caroline Maury Devine sold 300 shares of the company’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $109.65, for a total transaction of $32,895.00. Following the transaction, the director now owns 45,549 shares in the company, valued at approximately $4,994,447.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 900 shares of company stock worth $89,841 in the last three months. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On John Bean Technologies

Institutional investors and hedge funds have recently made changes to their positions in the stock. Alpha Paradigm Partners LLC acquired a new stake in shares of John Bean Technologies during the third quarter worth $347,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of John Bean Technologies during the third quarter worth $459,000. MQS Management LLC purchased a new position in shares of John Bean Technologies during the third quarter worth $231,000. RK Capital Management LLC raised its holdings in shares of John Bean Technologies by 11.8% during the third quarter. RK Capital Management LLC now owns 128,635 shares of the industrial products company’s stock worth $11,063,000 after purchasing an additional 13,560 shares during the last quarter. Finally, Engineers Gate Manager LP raised its holdings in shares of John Bean Technologies by 454.9% during the third quarter. Engineers Gate Manager LP now owns 13,938 shares of the industrial products company’s stock worth $1,199,000 after purchasing an additional 11,426 shares during the last quarter. 98.38% of the stock is currently owned by institutional investors and hedge funds.

John Bean Technologies Company Profile

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John Bean Technologies Corp. is a technology solutions provider, which engages in the food, beverage, and air transportation industries. It operates through the JBT FoodTech and JBT AeroTech business segments. The JBT FoodTech segment designs, manufactures, and services technologically food processing systems for the preparation of meat, seafood and poultry products, ready-to-eat meals, shelf stable packaged foods, bakery products, juice and dairy products, and fruit and vegetable products.