Shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) have received an average rating of “Hold” from the twenty-one brokerages that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $105.40.

JBHT has been the topic of a number of research reports. Susquehanna Bancshares raised their price target on J B Hunt Transport Services from $110.00 to $114.00 in a report on Tuesday, July 16th. Morgan Stanley set a $88.00 price target on J B Hunt Transport Services and gave the stock a “hold” rating in a report on Monday, July 8th. Deutsche Bank set a $82.00 price target on J B Hunt Transport Services and gave the stock a “sell” rating in a report on Thursday, July 11th. Bank of America lowered J B Hunt Transport Services from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $110.00 to $95.00 in a report on Tuesday, May 28th. Finally, ValuEngine raised J B Hunt Transport Services from a “hold” rating to a “buy” rating in a report on Tuesday.

Shares of JBHT traded down $1.99 during midday trading on Thursday, reaching $113.76. 22,322 shares of the stock were exchanged, compared to its average volume of 1,115,243. The business’s 50-day moving average price is $102.98 and its 200 day moving average price is $98.15. 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 has a twelve month low of $83.64 and a twelve month high of $126.99. The company has a market capitalization of $12.16 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 1.38 and a beta of 1.14.

J B Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Monday, July 15th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.35 by ($0.12). J B Hunt Transport Services had a return on equity of 29.35% and a net margin of 5.33%. The company had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the prior year, the business earned $1.37 EPS. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, equities research analysts expect that J B Hunt Transport Services will post 5.51 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 2nd were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Thursday, August 1st. J B Hunt Transport Services’s dividend payout ratio is presently 18.34%.

In other J B Hunt Transport Services news, EVP Stuart Lockard Scott sold 10,000 shares of J B Hunt Transport Services stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $102.51, for a total value of $1,025,100.00. Following the sale, the executive vice president now owns 16,171 shares of the company’s stock, valued at approximately $1,657,689.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Darren P. Field sold 1,200 shares of J B Hunt Transport Services stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $99.07, for a total value of $118,884.00. Following the completion of the sale, the executive vice president now directly owns 8,144 shares in the company, valued at approximately $806,826.08. The disclosure for this sale can be found here. Insiders sold a total of 83,126 shares of company stock worth $8,971,721 in the last ninety days. 3.60% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of J B Hunt Transport Services by 4.3% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 16,837 shares of the transportation company’s stock worth $1,539,000 after acquiring an additional 697 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of J B Hunt Transport Services by 15.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 41,626 shares of the transportation company’s stock worth $3,805,000 after acquiring an additional 5,600 shares in the last quarter. Vestmark Advisory Solutions Inc. boosted its stake in shares of J B Hunt Transport Services by 26.8% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 4,527 shares of the transportation company’s stock worth $414,000 after acquiring an additional 958 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of J B Hunt Transport Services during the 2nd quarter worth approximately $27,881,000. Finally, California Public Employees Retirement System boosted its stake in shares of J B Hunt Transport Services by 2.7% during the 2nd quarter. California Public Employees Retirement System now owns 245,682 shares of the transportation company’s stock worth $22,458,000 after acquiring an additional 6,460 shares in the last quarter. 73.89% of the stock is currently owned by institutional investors and hedge funds.

About J B Hunt Transport Services

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

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