J B Hunt Transport Services Inc (NASDAQ:JBHT) had its target price decreased by Stifel Nicolaus from $97.00 to $88.00 in a research note issued on Wednesday. The firm currently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ target price points to a potential downside of 1.97% from the stock’s current price.
Several other analysts have also recently weighed in on the stock. Vertical Research assumed coverage on shares of J B Hunt Transport Services in a report on Thursday, April 13th. They issued a “hold” rating and a $92.00 price target on the stock. BMO Capital Markets reiterated a “hold” rating and issued a $96.00 price target (down previously from $100.00) on shares of J B Hunt Transport Services in a report on Friday, March 31st. Credit Suisse Group AG reiterated a “buy” rating and issued a $103.00 price target (down previously from $107.00) on shares of J B Hunt Transport Services in a report on Friday, March 31st. Zacks Investment Research cut shares of J B Hunt Transport Services from a “hold” rating to a “sell” rating in a report on Tuesday, February 14th. Finally, Barclays PLC cut shares of J B Hunt Transport Services from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $90.00 to $97.00 in a report on Monday, January 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $96.00.
J B Hunt Transport Services (NASDAQ:JBHT) traded up 0.96% during midday trading on Wednesday, hitting $89.77. 1,240,776 shares of the stock were exchanged. The company’s 50 day moving average is $93.08 and its 200-day moving average is $92.71. The stock 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 has a 1-year low of $75.71 and a 1-year high of $102.38. J B Hunt Transport Services also was the target of some unusual options trading activity on Monday. Stock traders acquired 7,200 put options on the stock. This represents an increase of approximately 1,993% compared to the average volume of 344 put options.
J B Hunt Transport Services (NASDAQ:JBHT) last released its quarterly 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. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.64 billion. J B Hunt Transport Services had a net margin of 6.60% and a return on equity of 30.96%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.88 earnings per share. On average, analysts expect that J B Hunt Transport Services will post $4.02 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 19th. Stockholders of record on Friday, May 5th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.02%. J B Hunt Transport Services’s dividend payout ratio is presently 24.08%.
In other news, SVP John Kuhlow sold 500 shares of J B Hunt Transport Services stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $96.68, for a total value of $48,340.00. Following the completion of the transaction, the senior vice president now owns 3,999 shares of the company’s stock, valued at approximately $386,623.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 4.50% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the company. Global X Management Co. LLC raised its position in J B Hunt Transport Services by 89.9% in the third quarter. Global X Management Co. LLC now owns 1,390 shares of the transportation company’s stock valued at $113,000 after buying an additional 658 shares in the last quarter. Van ECK Associates Corp raised its position in J B Hunt Transport Services by 5.8% in the fourth quarter. Van ECK Associates Corp now owns 1,373 shares of the transportation company’s stock valued at $133,000 after buying an additional 75 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its position in J B Hunt Transport Services by 137.5% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,900 shares of the transportation company’s stock valued at $154,000 after buying an additional 1,100 shares in the last quarter. SRB Corp raised its position in J B Hunt Transport Services by 9.7% in the third quarter. SRB Corp now owns 1,912 shares of the transportation company’s stock valued at $155,000 after buying an additional 169 shares in the last quarter. Finally, Fred Alger Management Inc. bought a new position in J B Hunt Transport Services during the fourth quarter valued at about $194,000. 71.47% of the stock is owned by hedge funds and other institutional investors.
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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