J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) has been given a consensus rating of “Buy” by the eighteen analysts that are covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $109.41.

Several analysts have recently commented on the stock. UBS raised shares of J.B. Hunt Transport Services from a “neutral” rating to a “buy” rating and increased their price target for the company from $115.00 to $126.00 in a research note on Monday, October 23rd. BidaskClub cut shares of J.B. Hunt Transport Services from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Stifel Nicolaus set a $91.00 price target on shares of J.B. Hunt Transport Services and gave the company a “hold” rating in a research note on Wednesday, August 23rd. J P Morgan Chase & Co increased their price target on shares of J.B. Hunt Transport Services from $108.00 to $121.00 and gave the company an “overweight” rating in a research note on Thursday, October 12th. Finally, Credit Suisse Group reissued a “buy” rating and set a $114.00 price target (up from $100.00) on shares of J.B. Hunt Transport Services in a research note on Thursday, October 12th. They noted that the move was a valuation call.

J.B. Hunt Transport Services (NASDAQ:JBHT) traded up $2.50 on Thursday, hitting $111.14. 1,206,019 shares of the stock traded hands, compared to its average volume of 948,371. J.B. Hunt Transport Services has a twelve month low of $83.35 and a twelve month high of $111.98. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.48 and a quick ratio of 1.48. The company has a market capitalization of $11,636.99, a PE ratio of 28.81, a P/E/G ratio of 2.17 and a beta of 1.05.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Friday, October 13th. The transportation company reported $0.91 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.05). J.B. Hunt Transport Services had a net margin of 6.05% and a return on equity of 28.90%. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period last year, the company earned $0.97 earnings per share. J.B. Hunt Transport Services’s revenue for the quarter was up 9.0% compared to the same quarter last year. sell-side analysts anticipate that J.B. Hunt Transport Services will post 3.76 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Friday, November 3rd were paid a $0.23 dividend. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $0.92 dividend on an annualized basis and a yield of 0.83%. J.B. Hunt Transport Services’s payout ratio is presently 24.47%.

In other J.B. Hunt Transport Services news, EVP Terrence D. Matthews sold 2,694 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $101.00, for a total value of $272,094.00. Following the transaction, the executive vice president now directly owns 21,140 shares of the company’s stock, valued at $2,135,140. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Earl Wayne Garrison sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $109.29, for a total transaction of $10,929,000.00. Following the completion of the transaction, the director now directly owns 2,050,000 shares in the company, valued at $224,044,500. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 103,694 shares of company stock worth $11,300,194. Insiders own 4.30% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. YorkBridge Wealth Partners LLC raised its holdings in J.B. Hunt Transport Services by 6.6% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,097 shares of the transportation company’s stock worth $102,000 after purchasing an additional 68 shares during the period. Bronfman E.L. Rothschild L.P. raised its holdings in J.B. Hunt Transport Services by 3.3% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,339 shares of the transportation company’s stock worth $122,000 after purchasing an additional 43 shares during the period. Paradigm Asset Management Co. LLC raised its holdings in J.B. Hunt Transport Services by 3.1% in the second quarter. Paradigm Asset Management Co. LLC now owns 1,650 shares of the transportation company’s stock worth $151,000 after purchasing an additional 50 shares during the period. Creative Planning raised its holdings in J.B. Hunt Transport Services by 20.1% in the second quarter. Creative Planning now owns 2,132 shares of the transportation company’s stock worth $195,000 after purchasing an additional 357 shares during the period. Finally, Commerce Bank acquired a new stake in J.B. Hunt Transport Services in the second quarter worth $200,000. 70.97% of the stock is currently owned by hedge funds and other institutional investors.

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About J.B. Hunt Transport Services

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.

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

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