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

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Shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) have earned a consensus rating of “Hold” from the twenty-one ratings firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $107.13.

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley set a $88.00 price objective on shares of J B Hunt Transport Services and gave the company a “hold” rating in a report on Monday, July 8th. Susquehanna Bancshares boosted their price objective on shares of J B Hunt Transport Services from $110.00 to $114.00 in a report on Tuesday, July 16th. Goldman Sachs Group assumed coverage on shares of J B Hunt Transport Services in a report on Wednesday, July 10th. They set a “buy” rating and a $113.00 price objective on the stock. Zacks Investment Research lowered shares of J B Hunt Transport Services from a “hold” rating to a “sell” rating and set a $94.00 price objective on the stock. in a report on Thursday, June 20th. Finally, Stephens boosted their price objective on shares of J B Hunt Transport Services from $107.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th.

Shares of JBHT stock traded up $2.66 during trading hours on Friday, reaching $98.02. 764,600 shares of the company’s stock were exchanged, compared to its average volume of 1,109,064. The stock’s 50 day moving average is $97.05 and its 200-day moving average is $98.61. The company has a market cap of $10.18 billion, a price-to-earnings ratio of 17.29, a P/E/G ratio of 1.16 and a beta of 1.14. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.64. J B Hunt Transport Services has a fifty-two week low of $83.64 and a fifty-two week high of $127.93.

J B Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Monday, July 15th. The transportation company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.12). The company had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.26 billion. J B Hunt Transport Services had a net margin of 5.33% and a return on equity of 29.35%. J B Hunt Transport Services’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the firm earned $1.37 earnings per share. Equities analysts anticipate that J B Hunt Transport Services will post 5.5 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 2nd were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.06%. The ex-dividend date was Thursday, August 1st. J B Hunt Transport Services’s payout ratio is 18.34%.

In other J B Hunt Transport Services news, EVP Stuart Lockard Scott sold 10,000 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $102.51, for a total value of $1,025,100.00. Following the sale, the executive vice president now directly owns 16,171 shares of the company’s stock, valued at $1,657,689.21. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John N. Roberts purchased 2,319 shares of the stock in a transaction on Tuesday, May 28th. The stock was acquired at an average cost of $86.23 per share, for a total transaction of $199,967.37. Following the completion of the acquisition, the insider now owns 288,739 shares of the company’s stock, valued at approximately $24,897,963.97. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 19,341 shares of company stock worth $1,976,203. 3.60% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its position in shares of 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 during the period. Vanguard Group Inc. raised its position in shares of 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 during the period. Atlanta Capital Management Co. L L C raised its position in shares of J B Hunt Transport Services by 20.2% in the second quarter. Atlanta Capital Management Co. L L C now owns 4,209,332 shares of the transportation company’s stock worth $384,775,000 after acquiring an additional 706,693 shares during the period. FMR LLC raised its position in shares of J B Hunt Transport Services by 60.7% in the first quarter. FMR LLC now owns 4,049,886 shares of the transportation company’s stock worth $410,212,000 after acquiring an additional 1,529,785 shares during the period. Finally, Invesco Ltd. raised its position in shares of 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 during the period. 73.48% of the stock is currently 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 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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