JB Hunt Transport Services, Inc. (NASDAQ:JBHT – Get a rating) earned an average rating of “Buy” from the twenty-one brokerages that cover the stock, Market assessments reports. Six equity research analysts rated the stock with a hold recommendation and twelve gave the company a buy recommendation. The 1-year average price target among analysts who have reported on the stock in the past year is $212.56.
Several research analysts have recently published reports on JBHT shares. Barclays upgraded shares of JB Hunt Transport Services from an “equal weight” rating to an “overweight” rating and raised its target price for the stock from $220.00 to $235.00 in a report of research from Wednesday, January 26. Goldman Sachs Group upgraded shares of JB Hunt Transport Services from a ‘neutral’ rating to a ‘buy’ rating and raised its price target for the company from $209.00 to $231.00 in a report of research from Wednesday, March 9. Wolfe Research cut its price target on JB Hunt Transport Services shares from $242.00 to $220.00 and set an “outperform” rating for the company in a Tuesday, April 5 research report. StockNews.com downgraded shares of JB Hunt Transport Services from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Stephens lowered his price target on JB Hunt Transport Services shares from $245.00 to $230.00 and set an “overweight” rating for the company in a Tuesday, April 19 research note.
In other news from JB Hunt Transport Services, EVP Bradley W. Hicks sold 800 shares of the company in a transaction that took place on Monday, March 7. The shares were sold at an average price of $204.94, for a total transaction of $163,952.00. The sale was disclosed in a filing with the Securities & Exchange Commission, available at this link. 3.10% of the shares are currently held by insiders of the company.
Several hedge funds and other institutional investors have recently changed their positions in the company. Lee Financial Co purchased a new stake in shares of JB Hunt Transport Services during the fourth quarter worth approximately $26,000. Jacobi Capital Management LLC purchased a new equity stake in JB Hunt Transport Services during the third quarter valued at approximately $25,000. Independence Bank of Kentucky purchased a new equity stake in JB Hunt Transport Services during the first quarter, valued at approximately $36,000. Cohen & Steers Inc. purchased a new equity stake in JB Hunt Transport Services during the third quarter valued at approximately $31,000. Finally, Covestor Ltd purchased a new equity stake in JB Hunt Transport Services during the fourth quarter valued at approximately $41,000. 72.95% of the shares are held by institutional investors and hedge funds.
Shares of NASDAQ:JBHT opened at $176.44 on Friday. JB Hunt Transport Services has a 52 week low of $155.11 and a 52 week high of $218.18. The company has a fifty-day moving average of $185.90 and a 200-day moving average of $192.85. The company has a market capitalization of $18.49 billion, a PE ratio of 21.89, a growth price-earnings ratio of 1.25 and a beta of 1.08. The company has a debt ratio of 0.29, a quick ratio of 1.27 and a current ratio of 1.27.
JB Hunt Transportation Services (NASDAQ:JBHT – Get a rating) last announced its results on Monday, April 18. The transportation company reported earnings per share (EPS) of $2.29 for the quarter, beating the consensus estimate of $1.91 by $0.38. JB Hunt Transport Services posted a net margin of 6.58% and a return on equity of 28.36%. The company posted revenue of $3.49 billion in the quarter, versus analyst estimates of $3.32 billion. In the same period a year earlier, the company had earned earnings per share of $1.37. The company’s quarterly revenue increased by 33.2% compared to the same quarter last year. On average, sell-side analysts expect JB Hunt Transport Services to post an EPS of 9.04 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 27. Shareholders of record on Friday, May 13 will receive a dividend of $0.40 per share. This represents a dividend of $1.60 on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Thursday, May 12. JB Hunt Transport Services’ dividend payout ratio is 19.85%.
About JB Hunt Transport Services (Get a rating)
JB Hunt Transport Services, Inc provides ground transportation, delivery and logistics services in North America. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Last Mile Services (FMS) and Full Load (JBT). The JBI segment offers intermodal freight solutions.
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