J.B. Hunt Transport Services (JBHT) Given Outperform Rating at Credit Suisse Group

Credit Suisse Group reissued their outperform rating on shares of J.B. Hunt Transport Services (NASDAQ:JBHT) in a report released on Monday, January 8th, The Fly reports. The brokerage currently has a $129.00 price target on the transportation company’s stock, up from their prior price target of $111.00.

Other equities research analysts have also issued research reports about the stock. Loop Capital restated a buy rating and issued a $116.00 price target on shares of J.B. Hunt Transport Services in a research note on Monday, October 16th. Stifel Nicolaus decreased their price objective on shares of 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. Cowen reiterated a buy rating and issued a $102.00 price objective on shares of J.B. Hunt Transport Services in a report on Sunday, October 1st. KeyCorp reiterated a buy rating and issued a $115.00 price objective on shares of J.B. Hunt Transport Services in a report on Friday, September 22nd. Finally, Zacks Investment Research upgraded shares of 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 report on Tuesday, September 19th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. J.B. Hunt Transport Services has an average rating of Buy and a consensus target price of $118.83.

J.B. Hunt Transport Services (NASDAQ JBHT) traded up $0.18 during trading hours on Monday, reaching $121.01. 157,112 shares of the company’s stock were exchanged, compared to its average volume of 990,198. The stock has a market cap of $13,249.38, a PE ratio of 19.52, a P/E/G ratio of 1.84 and a beta of 1.05. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.59. J.B. Hunt Transport Services has a one year low of $83.35 and a one year high of $126.49.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Thursday, January 18th. The transportation company reported $3.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $2.45. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.93 billion. J.B. Hunt Transport Services had a net margin of 9.55% and a return on equity of 27.32%. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.05 EPS. analysts predict that J.B. Hunt Transport Services will post 5.17 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be paid a $0.24 dividend. The ex-dividend date is Thursday, February 8th. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a yield of 0.79%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 14.86%.

In other news, EVP Bradley W. Hicks sold 1,000 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $110.33, for a total transaction of $110,330.00. Following the sale, the executive vice president now directly owns 16,690 shares in the company, valued at approximately $1,841,407.70. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP John Kuhlow sold 500 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $112.55, for a total transaction of $56,275.00. Following the sale, the senior vice president now owns 3,499 shares in the company, valued at $393,812.45. The disclosure for this sale can be found here. Insiders sold a total of 22,844 shares of company stock worth $2,851,467 over the last 90 days. Company insiders own 4.30% of the company’s stock.

A number of hedge funds have recently made changes to their positions in JBHT. Atlanta Capital Management Co. L L C lifted its holdings 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 last quarter. Renaissance Technologies LLC raised its stake in shares of J.B. Hunt Transport Services by 65.4% in the second quarter. Renaissance Technologies LLC now owns 1,034,544 shares of the transportation company’s stock worth $94,537,000 after acquiring an additional 409,200 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of J.B. Hunt Transport Services by 121.1% in the second quarter. Janus Henderson Group PLC now owns 626,522 shares of the transportation company’s stock worth $57,252,000 after acquiring an additional 343,147 shares during the last quarter. Bank of New York Mellon Corp raised 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. Finally, Alyeska Investment Group L.P. bought a new position in shares of J.B. Hunt Transport Services in the third quarter worth about $25,531,000. 71.05% of the stock is owned by hedge funds and other institutional investors.

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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.

The Fly

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

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