Cowen reissued their hold rating on shares of J. B. Hunt (NASDAQ:JBHT) in a research note issued to investors on Monday. The brokerage currently has a $123.00 price target on the transportation company’s stock.
JBHT has been the topic of a number of other research reports. Deutsche Bank raised J. B. Hunt from a hold rating to a buy rating and set a $141.00 target price on the stock in a report on Monday, April 2nd. Credit Suisse Group upped their price target on J. B. Hunt from $129.00 to $131.00 and gave the stock an outperform rating in a research report on Tuesday, January 30th. Argus assumed coverage on J. B. Hunt in a research report on Tuesday, March 20th. They issued a buy rating and a $150.00 price target for the company. BidaskClub upgraded J. B. Hunt from a hold rating to a buy rating in a research report on Saturday, February 10th. Finally, Zacks Investment Research cut J. B. Hunt from a buy rating to a hold rating in a research report on Tuesday, March 13th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company’s stock. J. B. Hunt has a consensus rating of Hold and an average price target of $122.40.
JBHT stock opened at $119.75 on Monday. J. B. Hunt has a fifty-two week low of $83.35 and a fifty-two week high of $126.49. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.43 and a current ratio of 1.45. The stock has a market capitalization of $12,377.01, a price-to-earnings ratio of 30.07, a PEG ratio of 1.69 and a beta of 0.93.
J. B. Hunt (NASDAQ:JBHT) last posted its earnings results on Monday, April 16th. The transportation company reported $1.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.07. J. B. Hunt had a return on equity of 27.32% and a net margin of 9.55%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the company earned $0.92 earnings per share. J. B. Hunt’s revenue was up 19.6% on a year-over-year basis. equities analysts predict that J. B. Hunt will post 5.27 earnings per share for the current year.
In related news, Director Johnnie B. Hunt, Jr. sold 2,328 shares of the stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $121.00, for a total transaction of $281,688.00. Following the completion of the sale, the director now owns 70,697 shares in the company, valued at $8,554,337. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Earl Wayne Garrison sold 21,344 shares of the stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $125.79, for a total value of $2,684,861.76. The disclosure for this sale can be found here. Company insiders own 4.20% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its position in shares of J. B. Hunt by 32.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 29,119 shares of the transportation company’s stock worth $3,348,000 after purchasing an additional 7,172 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of J. B. Hunt by 13.1% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 38,285 shares of the transportation company’s stock worth $4,402,000 after purchasing an additional 4,434 shares in the last quarter. We Are One Seven LLC purchased a new stake in shares of J. B. Hunt during the fourth quarter worth about $413,000. MetLife Investment Advisors LLC purchased a new stake in shares of J. B. Hunt during the fourth quarter worth about $3,045,000. Finally, Soapstone Management L.P. purchased a new stake in shares of J. B. Hunt during the fourth quarter worth about $4,992,000. Hedge funds and other institutional investors own 72.25% of the company’s stock.
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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.
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