BMO Capital Markets restated their market perform rating on shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in a research report sent to investors on Monday, October 16th. BMO Capital Markets currently has a $100.00 target price on the transportation company’s stock, up from their prior target price of $95.00.
Other analysts also recently issued reports about the company. Loop Capital restated a buy rating and set a $103.00 price objective (down from $105.00) on shares of J.B. Hunt Transport Services in a research report on Saturday, July 22nd. Bank of America Corporation restated a buy rating and set a $109.00 price objective (up from $98.00) on shares of J.B. Hunt Transport Services in a research report on Monday, July 10th. Cowen and Company restated a buy rating and set a $102.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday, August 25th. Zacks Investment Research upgraded 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, KeyCorp restated a buy rating and set a $115.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday, September 22nd. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $109.41.
J.B. Hunt Transport Services (JBHT) opened at 108.71 on Monday. The firm’s 50 day moving average price is $104.94 and its 200-day moving average price is $94.37. J.B. Hunt Transport Services has a one year low of $79.22 and a one year high of $111.98. The company has a market capitalization of $11.93 billion, a PE ratio of 28.97 and a beta of 0.97.
J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Friday, October 13th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.05). The company had revenue of $1.84 billion for 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 business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the company posted $0.97 earnings per share. Equities analysts forecast that J.B. Hunt Transport Services will post $3.72 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Friday, November 3rd will be given a dividend of $0.23 per share. The ex-dividend date is Thursday, November 2nd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.84%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 24.47%.
In other news, CFO David G. Mee sold 10,767 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $91.29, for a total transaction of $982,919.43. Following the completion of the transaction, the chief financial officer now directly owns 109,500 shares in the company, valued at $9,996,255. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Terrence D. Matthews sold 2,694 shares of the firm’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $101.00, for a total value of $272,094.00. Following the transaction, the executive vice president now owns 21,140 shares of the company’s stock, valued at $2,135,140. The disclosure for this sale can be found here. Insiders have sold 1,038,191 shares of company stock valued at $101,708,365 over the last 90 days. 4.30% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JBHT. Sustainable Growth Advisers LP acquired a new stake in J.B. Hunt Transport Services during the second quarter worth approximately $147,610,000. Bank of New York Mellon Corp grew its stake in J.B. Hunt Transport Services by 25.0% during the second quarter. Bank of New York Mellon Corp now owns 2,655,290 shares of the transportation company’s stock worth $242,640,000 after purchasing an additional 531,089 shares during the period. Renaissance Technologies LLC grew its stake in J.B. Hunt Transport Services by 423.1% during the first quarter. Renaissance Technologies LLC now owns 625,344 shares of the transportation company’s stock worth $57,369,000 after purchasing an additional 505,800 shares during the period. Atlanta Capital Management Co. L L C grew its stake in J.B. Hunt Transport Services by 15.4% during the second quarter. Atlanta Capital Management Co. L L C now owns 3,568,728 shares of the transportation company’s stock worth $326,110,000 after purchasing an additional 477,144 shares during the period. Finally, Morgan Stanley grew its stake in J.B. Hunt Transport Services by 228.3% during the first quarter. Morgan Stanley now owns 618,315 shares of the transportation company’s stock worth $56,724,000 after purchasing an additional 430,000 shares during the period. 71.51% of the stock is owned by institutional investors and hedge funds.
About J.B. Hunt Transport Services
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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