CJS Securities Begins Coverage on John Bean Technologies (NYSE:JBT)

Investment analysts at CJS Securities began coverage on shares of John Bean Technologies (NYSE:JBT) in a report released on Thursday, Marketbeat.com reports. The firm set an “outperform” rating and a $150.00 price target on the industrial products company’s stock. CJS Securities’ price objective indicates a potential upside of 22.05% from the company’s previous close.

Separately, Jefferies Financial Group initiated coverage on John Bean Technologies in a report on Thursday. They issued a “hold” rating and a $130.00 target price for the company.

John Bean Technologies Stock Down 3.3 %

Shares of JBT stock opened at $122.90 on Thursday. The stock has a market cap of $3.91 billion, a P/E ratio of 22.80, a price-to-earnings-growth ratio of 1.74 and a beta of 1.24. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.55 and a quick ratio of 2.00. The stock has a fifty day moving average price of $114.54 and a 200 day moving average price of $100.86. John Bean Technologies has a one year low of $82.64 and a one year high of $128.23.

John Bean Technologies (NYSE:JBT) last released its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. The company had revenue of $453.80 million during the quarter, compared to the consensus estimate of $442.20 million. John Bean Technologies had a net margin of 10.25% and a return on equity of 10.16%. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period last year, the firm earned $1.11 EPS. Analysts predict that John Bean Technologies will post 5.23 earnings per share for the current year.

Institutional Investors Weigh In On John Bean Technologies

A number of large investors have recently bought and sold shares of JBT. CWM LLC grew its holdings in shares of John Bean Technologies by 113.2% during the second quarter. CWM LLC now owns 324 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 172 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of John Bean Technologies by 192.5% in the second quarter. SG Americas Securities LLC now owns 8,911 shares of the industrial products company’s stock worth $846,000 after acquiring an additional 5,865 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of John Bean Technologies by 53.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,486 shares of the industrial products company’s stock worth $331,000 after purchasing an additional 1,214 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of John Bean Technologies by 75.3% during the second quarter. Assenagon Asset Management S.A. now owns 9,681 shares of the industrial products company’s stock valued at $919,000 after purchasing an additional 4,160 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in shares of John Bean Technologies by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 16,000 shares of the industrial products company’s stock valued at $1,520,000 after purchasing an additional 200 shares in the last quarter. 98.92% of the stock is currently owned by institutional investors.

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.