J.B. Hunt Transport Services’ (JBHT) “Hold” Rating Reaffirmed at Cowen

Cowen reissued their hold rating on shares of J.B. Hunt Transport Services (NASDAQ:JBHT) in a research note issued to investors on Friday, January 19th. The firm currently has a $127.00 target price on the transportation company’s stock.

Other equities research analysts have also issued research reports about the company. Barclays upped their price objective on J.B. Hunt Transport Services from $97.00 to $105.00 and gave the stock an equal weight rating in a research report on Monday, October 2nd. Loop Capital restated a buy rating and issued a $116.00 price objective on shares of J.B. Hunt Transport Services in a research report on Monday, October 16th. Stifel Nicolaus lowered their price objective on J.B. Hunt Transport Services from $114.00 to $111.00 and set a buy rating on the stock in a research report on Monday, October 16th. BMO Capital Markets restated a market perform rating and issued a $100.00 price objective (up previously from $95.00) on shares of J.B. Hunt Transport Services in a research report on Monday, October 16th. Finally, Bank of America restated a buy rating and issued a $128.00 price objective (up previously from $117.00) on shares of J.B. Hunt Transport Services in a research report on Thursday, December 28th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $118.89.

J.B. Hunt Transport Services (NASDAQ JBHT) traded up $0.77 during trading on Friday, reaching $115.88. The company’s stock had a trading volume of 828,238 shares, compared to its average volume of 1,180,839. 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 1-year low of $83.35 and a 1-year high of $126.49. The stock has a market cap of $12,633.67, a price-to-earnings ratio of 18.72, a PEG ratio of 1.72 and a beta of 0.98.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Thursday, January 18th. The transportation company reported $3.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $2.45. J.B. Hunt Transport Services had a return on equity of 27.32% and a net margin of 9.55%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the prior year, the firm posted $1.05 EPS. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. sell-side analysts forecast that J.B. Hunt Transport Services will post 5.27 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be given a dividend of $0.24 per share. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.83%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 15.51%.

In related news, SVP John Kuhlow sold 500 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $112.55, for a total value of $56,275.00. Following the completion of the transaction, the senior vice president now directly owns 3,499 shares of the company’s stock, valued at approximately $393,812.45. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Bradley W. Hicks sold 1,000 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $110.33, for a total value of $110,330.00. Following the completion of the transaction, the executive vice president now directly owns 16,690 shares of the company’s stock, valued at $1,841,407.70. The disclosure for this sale can be found here. Insiders have sold a total of 22,844 shares of company stock worth $2,851,467 in the last quarter. Insiders own 4.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in J.B. Hunt Transport Services by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 9,568,454 shares of the transportation company’s stock valued at $874,366,000 after purchasing an additional 174,616 shares during the last quarter. BlackRock Inc. raised its stake in J.B. Hunt Transport Services by 1.5% in the 4th quarter. BlackRock Inc. now owns 6,090,548 shares of the transportation company’s stock valued at $700,293,000 after purchasing an additional 92,004 shares during the last quarter. Atlanta Capital Management Co. L L C raised its stake in J.B. Hunt Transport Services by 15.4% in 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. Bank of New York Mellon Corp raised its stake in J.B. Hunt Transport Services by 8.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,888,361 shares of the transportation company’s stock valued at $320,840,000 after purchasing an additional 233,071 shares during the last quarter. Finally, Bessemer Group Inc. raised its stake in J.B. Hunt Transport Services by 0.7% in the 3rd quarter. Bessemer Group Inc. now owns 2,102,300 shares of the transportation company’s stock valued at $233,523,000 after purchasing an additional 15,199 shares during the last quarter. 70.40% of the stock is owned by hedge funds and other institutional investors.

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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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