John Bean Technologies Co. (NYSE:JBT) Receives $121.00 Consensus PT from Brokerages

John Bean Technologies Co. (NYSE:JBT) has received a consensus rating of “Moderate Buy” from the two analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $121.00.

JBT has been the topic of a number of recent analyst reports. Robert W. Baird restated an “outperform” rating and issued a $121.00 price target on shares of John Bean Technologies in a research report on Monday, January 22nd. William Blair reissued a “market perform” rating on shares of John Bean Technologies in a report on Thursday, May 2nd.

John Bean Technologies Price Performance

Shares of John Bean Technologies stock opened at $93.58 on Tuesday. The company has a 50-day simple moving average of $96.73 and a two-hundred day simple moving average of $99.87. John Bean Technologies has a twelve month low of $88.03 and a twelve month high of $125.88. The stock has a market capitalization 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 quick ratio of 1.83, a current ratio of 2.37 and a debt-to-equity ratio of 0.43.

John Bean Technologies (NYSE:JBT) last released its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. The company had revenue of $392.30 million during the quarter, compared to the consensus estimate of $396.55 million. John Bean Technologies had a net margin of 36.12% and a return on equity of 10.56%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.94 earnings per share. Analysts forecast that John Bean Technologies will post 5.12 EPS for the current year.

John Bean Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date was Friday, March 8th. John Bean Technologies’s dividend payout ratio is presently 2.13%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Arizona State Retirement System increased its position in John Bean Technologies by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 9,060 shares of the industrial products company’s stock worth $953,000 after purchasing an additional 123 shares in the last quarter. UMB Bank n.a. grew its stake in shares of John Bean Technologies by 162.1% during the first quarter. UMB Bank n.a. now owns 249 shares of the industrial products company’s stock worth $26,000 after buying an additional 154 shares during the last quarter. OLD National Bancorp IN increased its holdings in shares of John Bean Technologies by 7.6% during the third quarter. OLD National Bancorp IN now owns 2,249 shares of the industrial products company’s stock worth $236,000 after buying an additional 158 shares in the last quarter. Wrapmanager Inc. lifted its stake in shares of John Bean Technologies by 5.4% in the 4th quarter. Wrapmanager Inc. now owns 3,515 shares of the industrial products company’s stock valued at $350,000 after acquiring an additional 180 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its holdings in shares of John Bean Technologies by 8.0% during the 4th quarter. QRG Capital Management Inc. now owns 2,651 shares of the industrial products company’s stock valued at $264,000 after acquiring an additional 197 shares in the last quarter. Institutional investors own 98.92% of the company’s stock.

John Bean Technologies Company Profile

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.