Shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) have earned an average recommendation of “Buy” from the sixteen brokerages that are presently covering the firm. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $94.67.
A number of research analysts have recently commented on the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $88.00 price objective (down previously from $97.00) on shares of J B Hunt Transport Services in a research note on Wednesday. BMO Capital Markets reaffirmed a “hold” rating and set a $96.00 price objective (down previously from $100.00) on shares of J B Hunt Transport Services in a research note on Friday, March 31st. Zacks Investment Research downgraded shares of J B Hunt Transport Services from a “hold” rating to a “sell” rating in a research note on Tuesday, February 14th. Cowen and Company reaffirmed an “outperform” rating and set a $101.00 price objective (down previously from $102.00) on shares of J B Hunt Transport Services in a research note on Wednesday. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating and set a $107.00 price objective (up previously from $102.00) on shares of J B Hunt Transport Services in a research note on Monday, March 6th.
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Shares of J B Hunt Transport Services (NASDAQ:JBHT) traded up 0.96% during midday trading on Monday, hitting $89.77. 1,240,776 shares of the stock were exchanged. J B Hunt Transport Services has a 12-month low of $75.71 and a 12-month high of $102.38. The firm has a 50-day moving average price of $93.08 and a 200 day moving average price of $92.71. The firm has a market cap of $9.99 billion, a PE ratio of 23.56 and a beta of 0.81. J B Hunt Transport Services also was the recipient of some unusual options trading activity on Monday. Investors acquired 7,200 put options on the stock. This is an increase of approximately 1,993% compared to the typical volume of 344 put options.
J B Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Monday, April 17th. The transportation company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.06. J B Hunt Transport Services had a net margin of 6.60% and a return on equity of 30.96%. The firm earned $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the company posted $0.88 EPS. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. Analysts predict that J B Hunt Transport Services will post $4.07 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 19th. Stockholders of record on Friday, May 5th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.02%. J B Hunt Transport Services’s payout ratio is currently 24.08%.
In other news, SVP John Kuhlow sold 500 shares of the business’s stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $96.68, for a total transaction of $48,340.00. Following the completion of the sale, the senior vice president now owns 3,999 shares in the company, valued at approximately $386,623.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.50% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of JBHT. State of Alaska Department of Revenue purchased a new stake in shares of J B Hunt Transport Services during the first quarter worth about $274,000. Oakbrook Investments LLC boosted its stake in shares of J B Hunt Transport Services by 82.7% in the first quarter. Oakbrook Investments LLC now owns 6,850 shares of the transportation company’s stock worth $628,000 after buying an additional 3,100 shares during the last quarter. Oliver Luxxe Assets LLC boosted its position in J B Hunt Transport Services by 5.2% in the first quarter. Oliver Luxxe Assets LLC now owns 8,881 shares of the transportation company’s stock worth $815,000 after buying an additional 435 shares in the last quarter. Arvest Bank Trust Division bought a new position in J B Hunt Transport Services during the first quarter worth $445,000. Finally, Atria Investments LLC boosted its position in J B Hunt Transport Services by 5.8% in the first quarter. Atria Investments LLC now owns 6,931 shares of the transportation company’s stock worth $636,000 after buying an additional 383 shares in the last quarter. Institutional investors and hedge funds own 71.47% of the company’s stock.
J B Hunt Transport Services Company Profile
J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.
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