Credit Suisse Group reiterated their neutral rating on shares of J B Hunt Transport Services (NASDAQ:JBHT) in a research note released on Wednesday morning, The Fly reports. Credit Suisse Group currently has a $106.00 price objective on the transportation company’s stock, up from their prior price objective of $101.00.
A number of other research firms also recently issued reports on JBHT. Knight Equity downgraded shares of J B Hunt Transport Services from a top pick rating to a neutral rating and reduced their price target for the stock from $124.00 to $119.00 in a research report on Tuesday, October 8th. They noted that the move was a valuation call. Stifel Nicolaus raised their price target on shares of J B Hunt Transport Services from $95.00 to $104.00 and gave the stock a hold rating in a research report on Tuesday, July 16th. Citigroup set a $120.00 price target on shares of J B Hunt Transport Services and gave the stock a hold rating in a research report on Thursday, September 12th. ValuEngine downgraded shares of J B Hunt Transport Services from a buy rating to a hold rating in a research report on Friday, September 20th. Finally, Cowen restated a market perform rating and issued a $113.00 price target (up from $112.00) on shares of J B Hunt Transport Services in a research report on Tuesday, July 16th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $110.18.
JBHT traded up $1.04 during trading hours on Wednesday, reaching $116.69. 449,060 shares of the stock traded hands, compared to its average volume of 782,242. The firm’s fifty day simple moving average is $110.75 and its two-hundred day simple moving average is $99.55. The company has a market cap of $11.70 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 1.33 and a beta of 1.14. J B Hunt Transport Services has a fifty-two week low of $83.64 and a fifty-two week high of $117.18. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 1.30.
J B Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.45 by ($0.05). The firm had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.34 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 revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.47 earnings per share. On average, research analysts predict that J B Hunt Transport Services will post 5.5 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be given a $0.26 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.04 annualized dividend and a yield of 0.89%. J B Hunt Transport Services’s dividend payout ratio is presently 18.34%.
In related news, CFO David G. Mee sold 6,141 shares of J B Hunt Transport Services stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $103.82, for a total value of $637,558.62. Following the sale, the chief financial officer now directly owns 117,291 shares in the company, valued at approximately $12,177,151.62. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Nicholas Hobbs sold 1,485 shares of J B Hunt Transport Services stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $101.77, for a total transaction of $151,128.45. Following the completion of the sale, the executive vice president now owns 63,819 shares in the company, valued at $6,494,859.63. The disclosure for this sale can be found here. Over the last quarter, insiders sold 79,926 shares of company stock worth $8,658,177. 3.60% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the stock. FTB Advisors Inc. lifted its position in J B Hunt Transport Services by 49.2% in the 2nd quarter. FTB Advisors Inc. now owns 373 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 123 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of J B Hunt Transport Services during the 2nd quarter worth about $46,000. CWM LLC raised its position in shares of J B Hunt Transport Services by 122.0% during the 2nd quarter. CWM LLC now owns 637 shares of the transportation company’s stock worth $58,000 after buying an additional 350 shares in the last quarter. CSat Investment Advisory L.P. raised its position in shares of J B Hunt Transport Services by 99.1% during the 2nd quarter. CSat Investment Advisory L.P. now owns 639 shares of the transportation company’s stock worth $58,000 after buying an additional 318 shares in the last quarter. Finally, Marshall Wace North America L.P. bought a new stake in shares of J B Hunt Transport Services during the 1st quarter worth about $80,000. Hedge funds and other institutional investors own 73.84% of the company’s stock.
J B Hunt Transport Services Company Profile
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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