J. B. Hunt (JBHT) Earns Hold Rating from Analysts at Stifel Nicolaus

Stifel Nicolaus started coverage on shares of J. B. Hunt (NASDAQ:JBHT) in a report issued on Friday, MarketBeat Ratings reports. The brokerage issued a hold rating and a $119.00 target price on the transportation company’s stock.

Several other equities analysts have also commented on JBHT. BidaskClub raised shares of J. B. Hunt from a hold rating to a buy rating in a research report on Saturday, December 9th. Barclays reaffirmed a hold rating and set a $115.00 price target on shares of J. B. Hunt in a research report on Wednesday, December 13th. Zacks Investment Research lowered shares of J. B. Hunt from a hold rating to a sell rating in a research report on Tuesday, December 19th. Bank of America reaffirmed a buy rating and set a $128.00 price target (up previously from $117.00) on shares of J. B. Hunt in a research report on Thursday, December 28th. Finally, KeyCorp reaffirmed a buy rating and set a $125.00 price target on shares of J. B. Hunt in a research report on Friday, December 29th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $121.95.

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Shares of JBHT stock opened at $109.93 on Friday. J. B. Hunt has a one year low of $83.35 and a one year high of $126.49. The company has a quick ratio of 1.43, a current ratio of 1.45 and a debt-to-equity ratio of 0.59. The company has a market cap of $12,065.31, a P/E ratio of 29.32, a P/E/G ratio of 1.64 and a beta of 0.93.

J. B. Hunt (NASDAQ:JBHT) last issued its quarterly earnings results on Thursday, January 18th. The transportation company reported $3.48 EPS for the quarter, topping the consensus estimate of $1.03 by $2.45. J. B. Hunt had a net margin of 9.55% and a return on equity of 27.32%. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the prior year, the business posted $1.05 earnings per share. J. B. Hunt’s revenue for the quarter was up 15.6% compared to the same quarter last year. research analysts anticipate that J. B. Hunt will post 5.28 EPS for the current year.

In other news, Director Johnnie B. Hunt, Jr. sold 2,328 shares of the stock in a transaction on Friday, March 9th. The shares were sold at an average price of $121.00, for a total value of $281,688.00. Following the completion of the sale, the director now owns 70,697 shares of the company’s stock, valued at $8,554,337. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Earl Wayne Garrison sold 21,344 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $125.79, for a total transaction of $2,684,861.76. The disclosure for this sale can be found here. 4.20% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in J. B. Hunt by 1.5% during 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 in the last quarter. Geode Capital Management LLC grew its holdings in J. B. Hunt by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 1,043,510 shares of the transportation company’s stock valued at $119,760,000 after purchasing an additional 30,100 shares in the last quarter. Franklin Resources Inc. grew its holdings in J. B. Hunt by 13.0% during the 4th quarter. Franklin Resources Inc. now owns 828,349 shares of the transportation company’s stock valued at $95,244,000 after purchasing an additional 95,505 shares in the last quarter. TIAA CREF Investment Management LLC grew its holdings in J. B. Hunt by 61.6% during the 4th quarter. TIAA CREF Investment Management LLC now owns 817,711 shares of the transportation company’s stock valued at $94,020,000 after purchasing an additional 311,590 shares in the last quarter. Finally, Congress Asset Management Co. MA grew its holdings in J. B. Hunt by 2.8% during the 4th quarter. Congress Asset Management Co. MA now owns 790,953 shares of the transportation company’s stock valued at $90,944,000 after purchasing an additional 21,502 shares in the last quarter. 72.24% of the stock is owned by institutional investors and hedge funds.

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About J. B. Hunt

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 (NASDAQ:JBHT)

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