J. B. Hunt (NASDAQ:JBHT) had its price objective increased by BMO Capital Markets from $125.00 to $127.00 in a research report report published on Tuesday. The brokerage currently has a market perform rating on the transportation company’s stock.
Other research analysts have also issued reports about the stock. Credit Suisse Group raised their price objective on shares of J. B. Hunt from $129.00 to $131.00 and gave the company an outperform rating in a research note on Tuesday, January 30th. Cowen reaffirmed a hold rating and issued a $123.00 price objective on shares of J. B. Hunt in a research note on Monday, April 16th. Stifel Nicolaus raised their price objective on shares of J. B. Hunt from $119.00 to $122.00 and gave the company a hold rating in a research note on Tuesday. BidaskClub lowered shares of J. B. Hunt from a strong-buy rating to a buy rating in a research note on Wednesday, January 31st. Finally, Bank of America reaffirmed a buy rating and issued a $128.00 price objective (up from $117.00) on shares of J. B. Hunt in a research note on Thursday, December 28th. One analyst has rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $124.50.
J. B. Hunt stock opened at $119.59 on Tuesday. J. B. Hunt has a 1-year low of $83.35 and a 1-year high of $126.49. The firm has a market capitalization of $13,309.93, a price-to-earnings ratio of 31.09, a price-to-earnings-growth ratio of 1.81 and a beta of 0.93. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.43 and a current ratio of 1.13.
J. B. Hunt (NASDAQ:JBHT) last released its quarterly earnings data 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 net margin of 9.35% and a return on equity of 25.90%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period last year, the firm earned $0.92 earnings per share. The business’s quarterly revenue was up 19.6% compared to the same quarter last year. equities research analysts predict that J. B. Hunt will post 5.29 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 18th. Investors of record on Friday, May 4th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Thursday, May 3rd. J. B. Hunt’s payout ratio is currently 25.67%.
In related news, Director Earl Wayne Garrison sold 21,344 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $125.79, for a total transaction of $2,684,861.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Johnnie B. Hunt, Jr. sold 2,328 shares of the firm’s 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 sale, the director now owns 70,697 shares of the company’s stock, valued at approximately $8,554,337. The disclosure for this sale can be found here. 4.20% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of JBHT. TIAA CREF Investment Management LLC increased its holdings in J. B. Hunt by 61.6% during the fourth quarter. TIAA CREF Investment Management LLC now owns 817,711 shares of the transportation company’s stock worth $94,020,000 after buying an additional 311,590 shares during the last quarter. AGF Investments Inc. purchased a new stake in J. B. Hunt during the fourth quarter worth about $30,935,000. First Trust Advisors LP increased its stake in shares of J. B. Hunt by 278.3% in the fourth quarter. First Trust Advisors LP now owns 364,590 shares of the transportation company’s stock worth $41,921,000 after purchasing an additional 268,216 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of J. B. Hunt by 118.4% in the fourth quarter. Teachers Advisors LLC now owns 486,595 shares of the transportation company’s stock worth $55,949,000 after purchasing an additional 263,823 shares in the last quarter. Finally, Telemark Asset Management LLC purchased a new position in shares of J. B. Hunt in the fourth quarter worth about $17,247,000. Institutional investors and hedge funds own 72.25% of the company’s stock.
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J. B. Hunt Company Profile
J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates through four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).
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