J.B. Hunt Transport Services, Inc. (JBHT) Receives Consensus Rating of “Buy” from Analysts

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) have earned a consensus rating of “Buy” from the twenty ratings firms that are currently covering the company, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $119.94.

JBHT has been the topic of a number of recent research reports. UBS Group raised shares of J.B. Hunt Transport Services from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $115.00 to $126.00 in a research report on Monday, October 23rd. Credit Suisse Group reissued an “outperform” rating and set a $129.00 target price (up from $111.00) on shares of J.B. Hunt Transport Services in a research report on Monday, January 8th. Zacks Investment Research cut shares of J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. Stephens reissued a “buy” rating and set a $135.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday, January 3rd. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $121.00 price target on shares of J.B. Hunt Transport Services in a report on Thursday, January 11th.

J.B. Hunt Transport Services (JBHT) traded up $2.45 during midday trading on Tuesday, hitting $118.33. 941,756 shares of the stock were exchanged, compared to its average volume of 1,172,869. J.B. Hunt Transport Services has a twelve month low of $83.35 and a twelve month high of $126.49. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $13,050.00, a PE ratio of 19.12, a P/E/G ratio of 1.72 and a beta of 0.98.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Thursday, January 18th. The transportation company reported $3.48 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $2.45. J.B. Hunt Transport Services had a net margin of 9.55% and a return on equity of 27.32%. The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same period in the previous year, the company posted $1.05 earnings per share. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. equities analysts forecast that J.B. Hunt Transport Services will post 5.27 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 9th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.81%. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, February 8th. J.B. Hunt Transport Services’s dividend payout ratio is 15.51%.

In other J.B. Hunt Transport Services news, Director Earl Wayne Garrison sold 21,344 shares of the stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $125.79, for a total transaction of $2,684,861.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Bradley W. Hicks sold 1,000 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $110.33, for a total transaction of $110,330.00. Following the sale, the executive vice president now directly owns 16,690 shares in the company, valued at $1,841,407.70. The disclosure for this sale can be found here. Insiders have sold 22,844 shares of company stock worth $2,851,467 over the last three months. 4.30% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the company. FDx Advisors Inc. grew its position in shares of J.B. Hunt Transport Services by 13.1% during the fourth quarter. FDx Advisors Inc. now owns 4,168 shares of the transportation company’s stock worth $479,000 after acquiring an additional 483 shares during the last quarter. Buckingham Capital Management Inc. grew its position in shares of J.B. Hunt Transport Services by 9.6% during the third quarter. Buckingham Capital Management Inc. now owns 5,545 shares of the transportation company’s stock worth $616,000 after acquiring an additional 485 shares during the last quarter. Norinchukin Bank The grew its position in shares of J.B. Hunt Transport Services by 7.7% during the fourth quarter. Norinchukin Bank The now owns 6,844 shares of the transportation company’s stock worth $787,000 after acquiring an additional 491 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of J.B. Hunt Transport Services by 14.0% during the third quarter. Pacer Advisors Inc. now owns 4,042 shares of the transportation company’s stock worth $449,000 after acquiring an additional 495 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of J.B. Hunt Transport Services by 1.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 28,925 shares of the transportation company’s stock worth $3,326,000 after acquiring an additional 500 shares during the last quarter. Institutional investors and hedge funds own 70.40% of the company’s stock.

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J.B. Hunt Transport Services Company Profile

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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