J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Given Consensus Rating of “Moderate Buy” by Analysts

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Get Free Report) has earned a consensus rating of “Moderate Buy” from the sixteen ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $196.40.

A number of equities research analysts have issued reports on JBHT shares. Raymond James upped their price objective on shares of J.B. Hunt Transport Services from $195.00 to $200.00 in a research report on Wednesday, July 19th. Evercore ISI increased their price target on shares of J.B. Hunt Transport Services from $191.00 to $195.00 in a research report on Tuesday, June 27th. UBS Group lifted their price objective on shares of J.B. Hunt Transport Services from $162.00 to $172.00 and gave the stock a “sell” rating in a research report on Wednesday, July 19th. StockNews.com began coverage on shares of J.B. Hunt Transport Services in a research note on Thursday, August 17th. They set a “hold” rating for the company. Finally, Citigroup upped their price objective on J.B. Hunt Transport Services from $200.00 to $207.00 and gave the company a “buy” rating in a research note on Thursday, June 29th.

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Insider Buying and Selling

In related news, EVP Eric Mcgee sold 310 shares of the business’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $202.52, for a total transaction of $62,781.20. Following the completion of the transaction, the executive vice president now directly owns 900 shares in the company, valued at $182,268. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, EVP Stuart Lockard Scott sold 1,609 shares of J.B. Hunt Transport Services stock in a transaction on Monday, July 24th. The shares were sold at an average price of $198.28, for a total transaction of $319,032.52. Following the completion of the sale, the executive vice president now directly owns 29,126 shares of the company’s stock, valued at approximately $5,775,103.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Eric Mcgee sold 310 shares of the company’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $202.52, for a total transaction of $62,781.20. Following the completion of the transaction, the executive vice president now owns 900 shares of the company’s stock, valued at $182,268. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,502 shares of company stock worth $2,284,358. Corporate insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On J.B. Hunt Transport Services

Several institutional investors have recently modified their holdings of JBHT. Ameritas Advisory Services LLC purchased a new stake in J.B. Hunt Transport Services in the first quarter worth approximately $27,000. Clear Street Markets LLC boosted its stake in shares of J.B. Hunt Transport Services by 94.0% in the 1st quarter. Clear Street Markets LLC now owns 161 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 78 shares in the last quarter. Salem Investment Counselors Inc. grew its holdings in shares of J.B. Hunt Transport Services by 69.1% during the 2nd quarter. Salem Investment Counselors Inc. now owns 208 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 85 shares during the last quarter. Harbor Investment Advisory LLC bought a new position in shares of J.B. Hunt Transport Services during the 2nd quarter valued at $36,000. Finally, VitalStone Financial LLC bought a new stake in J.B. Hunt Transport Services in the first quarter worth $38,000. 73.09% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Stock Up 0.5 %

Shares of NASDAQ JBHT opened at $190.46 on Tuesday. The company’s fifty day simple moving average is $194.46 and its 200 day simple moving average is $181.32. J.B. Hunt Transport Services has a 12-month low of $156.28 and a 12-month high of $209.21. The firm has a market cap of $19.68 billion, a PE ratio of 23.26, a P/E/G ratio of 1.64 and a beta of 1.16. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.31.

J.B. Hunt Transport Services (NASDAQ:JBHT – Get Free Report) last announced its quarterly earnings results on Tuesday, July 18th. The transportation company reported $1.81 earnings per share for the quarter, missing the consensus estimate of $1.90 by ($0.09). J.B. Hunt Transport Services had a net margin of 6.19% and a return on equity of 23.06%. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.29 billion. During the same period in the previous year, the business posted $2.42 EPS. J.B. Hunt Transport Services’s revenue was down 18.4% compared to the same quarter last year. As a group, sell-side analysts forecast that J.B. Hunt Transport Services will post 7.69 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Friday, August 4th were issued a $0.42 dividend. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $1.68 annualized dividend and a dividend yield of 0.88%. J.B. Hunt Transport Services’s payout ratio is currently 20.51%.

About J.B. Hunt Transport Services

(Get Free Report

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in North America. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.

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