J B Hunt Transport Services Inc (JBHT) Receives Average Recommendation of “Hold” from Brokerages

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Shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) have been given an average recommendation of “Hold” by the twenty-one ratings firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $130.00.

A number of equities research analysts have weighed in on JBHT shares. Zacks Investment Research raised shares of J B Hunt Transport Services from a “hold” rating to a “buy” rating and set a $137.00 price target for the company in a report on Tuesday, July 24th. Credit Suisse Group upped their price target on shares of J B Hunt Transport Services from $140.00 to $143.00 and gave the company an “outperform” rating in a report on Tuesday, July 17th. Citigroup upped their price target on shares of J B Hunt Transport Services from $122.00 to $133.00 and gave the company a “neutral” rating in a report on Tuesday, July 10th. BidaskClub raised shares of J B Hunt Transport Services from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 30th. Finally, Morgan Stanley upped their price target on shares of J B Hunt Transport Services from $115.00 to $119.00 and gave the company an “equal weight” rating in a report on Tuesday, July 17th.

JBHT traded down $0.10 on Friday, reaching $122.98. The company had a trading volume of 29,208 shares, compared to its average volume of 518,804. The firm has a market capitalization of $13.46 billion, a PE ratio of 32.78, a P/E/G ratio of 1.52 and a beta of 0.92. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.37. J B Hunt Transport Services has a one year low of $99.24 and a one year high of $131.74.

J B Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Monday, July 16th. The transportation company reported $1.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.09. J B Hunt Transport Services had a net margin of 9.54% and a return on equity of 26.63%. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the prior year, the company earned $0.88 EPS. J B Hunt Transport Services’s revenue was up 23.9% on a year-over-year basis. equities analysts expect that J B Hunt Transport Services will post 5.42 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 17th. Shareholders of record on Friday, August 3rd were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Thursday, August 2nd. J B Hunt Transport Services’s dividend payout ratio is presently 25.67%.

In other J B Hunt Transport Services news, EVP Bradley W. Hicks sold 500 shares of the company’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $122.43, for a total transaction of $61,215.00. Following the completion of the sale, the executive vice president now directly owns 16,900 shares of the company’s stock, valued at $2,069,067. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman James K. Thompson sold 16,269 shares of the company’s stock in a transaction dated Wednesday, July 18th. The shares were sold at an average price of $122.00, for a total transaction of $1,984,818.00. Following the sale, the chairman now directly owns 41,559 shares of the company’s stock, valued at $5,070,198. The disclosure for this sale can be found here. Insiders have sold 38,018 shares of company stock valued at $4,630,817 over the last ninety days. Insiders own 4.20% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC lifted its stake in J B Hunt Transport Services by 186.8% during the second quarter. Tower Research Capital LLC TRC now owns 915 shares of the transportation company’s stock valued at $111,000 after buying an additional 596 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of J B Hunt Transport Services in the second quarter worth approximately $118,000. Edge Wealth Management LLC purchased a new stake in shares of J B Hunt Transport Services in the second quarter worth approximately $148,000. LeJeune Puetz Investment Counsel LLC purchased a new stake in shares of J B Hunt Transport Services in the second quarter worth approximately $167,000. Finally, Private Advisor Group LLC purchased a new stake in shares of J B Hunt Transport Services in the second quarter worth approximately $219,000. 73.43% of the stock is owned by institutional investors.

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 through four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

Further Reading: Growth Stocks

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

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