J.B. Hunt Transport Services, Inc. (JBHT) Given a $115.00 Price Target by UBS AG Analysts

UBS AG set a $115.00 price target on J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in a research note published on Monday, October 16th, www.benzinga.com reports. The firm currently has a hold rating on the transportation company’s stock.

Several other equities analysts also recently weighed in on JBHT. BidaskClub downgraded J.B. Hunt Transport Services from a sell rating to a strong sell rating in a report on Wednesday, August 2nd. Zacks Investment Research upgraded J.B. Hunt Transport Services from a hold rating to a buy rating and set a $115.00 price target for the company in a report on Tuesday, September 19th. BMO Capital Markets restated a hold rating and set a $95.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, September 20th. Stifel Nicolaus set a $91.00 price target on J.B. Hunt Transport Services and gave the company a hold rating in a report on Wednesday, August 23rd. Finally, Cowen and Company restated a buy rating and set a $102.00 price target on shares of J.B. Hunt Transport Services in a report on Sunday, October 1st. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. J.B. Hunt Transport Services currently has an average rating of Buy and an average target price of $109.41.

Shares of J.B. Hunt Transport Services (JBHT) traded down 0.35% during trading on Monday, hitting $108.50. 89,751 shares of the stock were exchanged. The firm has a 50 day moving average price of $104.94 and a 200 day moving average price of $94.37. J.B. Hunt Transport Services has a 52 week low of $79.22 and a 52 week high of $111.98. The firm has a market capitalization of $11.91 billion, a P/E ratio of 28.92 and a beta of 0.97.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Friday, October 13th. The transportation company reported $0.91 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.05). The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.82 billion. J.B. Hunt Transport Services had a net margin of 6.05% and a return on equity of 28.90%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.97 EPS. Analysts forecast that J.B. Hunt Transport Services will post $3.72 EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Friday, November 3rd will be issued a $0.23 dividend. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $0.92 dividend on an annualized basis and a yield of 0.84%. J.B. Hunt Transport Services’s dividend payout ratio is presently 24.47%.

In other J.B. Hunt Transport Services news, EVP Bradley W. Hicks sold 1,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $100.40, for a total value of $100,400.00. Following the sale, the executive vice president now owns 17,690 shares of the company’s stock, valued at approximately $1,776,076. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Terrence D. Matthews sold 2,694 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $101.00, for a total value of $272,094.00. Following the completion of the sale, the executive vice president now directly owns 21,140 shares in the company, valued at approximately $2,135,140. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,038,191 shares of company stock worth $101,708,365. 4.30% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in JBHT. Sustainable Growth Advisers LP bought a new position in shares of J.B. Hunt Transport Services during the 2nd quarter valued at approximately $147,610,000. Bank of New York Mellon Corp increased its position in shares of J.B. Hunt Transport Services by 25.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,655,290 shares of the transportation company’s stock valued at $242,640,000 after purchasing an additional 531,089 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of J.B. Hunt Transport Services by 423.1% during the 1st quarter. Renaissance Technologies LLC now owns 625,344 shares of the transportation company’s stock valued at $57,369,000 after purchasing an additional 505,800 shares during the last quarter. Atlanta Capital Management Co. L L C increased its position in shares of 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 last quarter. Finally, Morgan Stanley increased its position in shares of J.B. Hunt Transport Services by 228.3% during the 1st quarter. Morgan Stanley now owns 618,315 shares of the transportation company’s stock valued at $56,724,000 after purchasing an additional 430,000 shares during the last quarter. 71.51% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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