J B Hunt Transport Services (NASDAQ:JBHT) Receives Hold Rating from Barclays

Barclays reaffirmed their hold rating on shares of J B Hunt Transport Services (NASDAQ:JBHT) in a research note released on Sunday morning, AnalystRatings.com reports. The brokerage currently has a $125.00 price objective on the transportation company’s stock.

A number of other equities analysts also recently issued reports on the company. Goldman Sachs Group downgraded J B Hunt Transport Services from a buy rating to a neutral rating and set a $115.00 price target on the stock. in a research report on Friday, November 1st. Cowen reissued a market perform rating and set a $108.00 price target (down previously from $113.00) on shares of J B Hunt Transport Services in a research report on Wednesday, October 16th. Morgan Stanley dropped their price target on J B Hunt Transport Services from $88.00 to $86.00 and set an equal weight rating on the stock in a research report on Wednesday, October 16th. Argus reissued a hold rating on shares of J B Hunt Transport Services in a research report on Thursday, October 17th. Finally, Sanford C. Bernstein downgraded J B Hunt Transport Services from an outperform rating to a market perform rating and set a $124.00 price target on the stock. in a research report on Sunday, January 5th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $114.00.

JBHT opened at $114.39 on Friday. J B Hunt Transport Services has a 12-month low of $83.64 and a 12-month high of $122.29. The company has a current ratio of 1.43, a quick ratio of 1.29 and a debt-to-equity ratio of 0.57. The business’s fifty day simple moving average is $115.94 and its 200-day simple moving average is $110.23. The company has a market capitalization of $12.22 billion, a price-to-earnings ratio of 22.56, a PEG ratio of 1.33 and a beta of 1.11.

J B Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Friday, January 17th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.17). J B Hunt Transport Services had a return on equity of 25.65% and a net margin of 5.99%. The firm had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the previous year, the company posted $0.81 EPS. J B Hunt Transport Services’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, equities research analysts predict that J B Hunt Transport Services will post 5.75 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.94%. This is an increase from J B Hunt Transport Services’s previous quarterly dividend of $0.26. J B Hunt Transport Services’s dividend payout ratio (DPR) is presently 21.27%.

In related news, CFO David G. Mee sold 2,500 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $121.06, for a total transaction of $302,650.00. Following the sale, the chief financial officer now owns 108,650 shares of the company’s stock, valued at $13,153,169. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Nicholas Hobbs sold 3,310 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $120.29, for a total value of $398,159.90. Following the completion of the sale, the executive vice president now directly owns 58,209 shares of the company’s stock, valued at approximately $7,001,960.61. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 105,810 shares of company stock worth $12,722,810. 3.60% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD boosted its holdings in J B Hunt Transport Services by 64.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 16,549,237 shares of the transportation company’s stock worth $1,512,766,000 after acquiring an additional 6,466,645 shares in the last quarter. Vanguard Group Inc. boosted its holdings in J B Hunt Transport Services by 1.2% in the second quarter. Vanguard Group Inc. now owns 10,146,700 shares of the transportation company’s stock worth $927,510,000 after acquiring an additional 119,590 shares in the last quarter. Invesco Ltd. boosted its holdings in J B Hunt Transport Services by 5.8% in the second quarter. Invesco Ltd. now owns 1,626,291 shares of the transportation company’s stock worth $148,660,000 after acquiring an additional 89,524 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in J B Hunt Transport Services by 8.6% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 339,133 shares of the transportation company’s stock worth $37,525,000 after acquiring an additional 26,803 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in J B Hunt Transport Services in the second quarter worth about $27,881,000. 75.33% of the stock is owned by institutional investors and hedge funds.

About J B Hunt Transport Services

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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Analyst Recommendations for J B Hunt Transport Services (NASDAQ:JBHT)

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