Robert W. Baird reaffirmed their hold rating on shares of J.B. Hunt Transport Services (NASDAQ:JBHT) in a report published on Friday, December 29th. They currently have a $120.00 price objective on the transportation company’s stock.
Several other brokerages have also weighed in on JBHT. BMO Capital Markets reissued a neutral rating on shares of J.B. Hunt Transport Services in a report on Friday, December 1st. Zacks Investment Research lowered J.B. Hunt Transport Services from a hold rating to a sell rating in a report on Tuesday, December 19th. Loop Capital reaffirmed a buy rating and set a $116.00 target price (up from $103.00) on shares of J.B. Hunt Transport Services in a report on Wednesday, October 4th. Bank of America reaffirmed a buy rating and set a $128.00 target price (up from $117.00) on shares of J.B. Hunt Transport Services in a report on Thursday, December 28th. Finally, Stifel Nicolaus lowered their target price on J.B. Hunt Transport Services from $114.00 to $111.00 and set a buy rating for the company in a report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $114.28.
J.B. Hunt Transport Services (NASDAQ JBHT) opened at $121.06 on Friday. 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 has a one year low of $83.35 and a one year high of $121.51. The company has a market capitalization of $13,290.00, a PE ratio of 32.28, a P/E/G ratio of 1.94 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). The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.82 billion. J.B. Hunt Transport Services had a return on equity of 28.90% and a net margin of 6.05%. The company’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.97 EPS. analysts forecast that J.B. Hunt Transport Services will post 3.77 EPS for the current year.
In other news, SVP John Kuhlow sold 500 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $112.55, for a total transaction of $56,275.00. Following the completion of the sale, the senior vice president now owns 3,499 shares in the company, valued at approximately $393,812.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Bradley W. Hicks sold 1,000 shares of the stock in a transaction 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 sale, the executive vice president now owns 16,690 shares of the company’s stock, valued at approximately $1,841,407.70. The disclosure for this sale can be found here. Insiders have sold a total of 101,500 shares of company stock valued at $11,095,605 in the last quarter. Insiders own 4.30% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in J.B. Hunt Transport Services by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 9,568,454 shares of the transportation company’s stock valued at $874,366,000 after purchasing an additional 174,616 shares during the period. Atlanta Capital Management Co. L L C raised its stake in J.B. Hunt Transport Services by 15.4% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 3,568,728 shares of the transportation company’s stock valued at $326,110,000 after purchasing an additional 477,144 shares during the period. Bank of New York Mellon Corp increased its stake in shares of J.B. Hunt Transport Services by 8.8% in the third quarter. Bank of New York Mellon Corp now owns 2,888,361 shares of the transportation company’s stock worth $320,840,000 after acquiring an additional 233,071 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of J.B. Hunt Transport Services by 0.7% in the third quarter. Bessemer Group Inc. now owns 2,102,300 shares of the transportation company’s stock worth $233,523,000 after acquiring an additional 15,199 shares during the last quarter. Finally, Sustainable Growth Advisers LP acquired a new position in shares of J.B. Hunt Transport Services in the second quarter worth $147,610,000. 70.93% of the stock is currently owned by institutional investors.
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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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