Stephens reiterated their buy rating on shares of J.B. Hunt Transport Services (NASDAQ:JBHT) in a report issued on Thursday, December 28th. The brokerage currently has a $115.00 price target on the transportation company’s stock.
JBHT has been the topic of a number of other reports. KeyCorp reiterated a buy rating and issued a $125.00 price target on shares of J.B. Hunt Transport Services in a report on Friday, December 29th. Robert W. Baird reiterated a hold rating and issued a $120.00 price target on shares of J.B. Hunt Transport Services in a report on Friday, December 29th. BMO Capital Markets reiterated a hold rating and issued a $95.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, September 20th. Zacks Investment Research raised J.B. Hunt Transport Services from a hold rating to a buy rating and set a $115.00 price objective for the company in a research report on Tuesday, September 19th. Finally, Cowen reissued a buy rating and issued a $102.00 price objective on shares of J.B. Hunt Transport Services in a research report on Sunday, October 1st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $114.28.
Shares of J.B. Hunt Transport Services (NASDAQ JBHT) opened at $121.06 on Thursday. The stock has a market capitalization of $13,272.30, a P/E ratio of 32.86, a PEG ratio of 2.02 and a beta of 1.05. J.B. Hunt Transport Services has a one year low of $83.35 and a one year high of $121.51. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.74.
J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Friday, October 13th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.05). The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.82 billion. J.B. Hunt Transport Services had a return on equity of 28.90% and a net margin of 6.05%. J.B. Hunt Transport Services’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.97 earnings per share. sell-side analysts predict that J.B. Hunt Transport Services will post 3.76 earnings per share for the current fiscal year.
In other news, Director Earl Wayne Garrison sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $109.29, for a total value of $10,929,000.00. Following the completion of the sale, the director now directly owns 2,050,000 shares in the company, valued at $224,044,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bradley W. Hicks sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $110.33, for a total value of $110,330.00. Following the completion of the sale, the executive vice president now owns 16,690 shares of the company’s stock, valued at $1,841,407.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 101,500 shares of company stock valued at $11,095,605. 4.30% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. YorkBridge Wealth Partners LLC lifted 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 valued at $102,000 after acquiring an additional 68 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in J.B. Hunt Transport Services by 3.3% during 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 in the last quarter. Commerce Bank acquired a new position in J.B. Hunt Transport Services during the second quarter worth $200,000. Parkwood LLC acquired a new position in J.B. Hunt Transport Services during the third quarter worth $202,000. Finally, Sawtooth Solutions LLC lifted its stake in J.B. Hunt Transport Services by 3.8% during the second quarter. Sawtooth Solutions LLC now owns 2,293 shares of the transportation company’s stock worth $210,000 after purchasing an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 70.93% 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.
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