BidaskClub upgraded shares of J. B. Hunt (NASDAQ:JBHT) from a hold rating to a buy rating in a report issued on Saturday morning.
JBHT has been the topic of a number of other reports. Deutsche Bank raised shares of 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 target price on shares of J. B. Hunt from $129.00 to $131.00 and gave the company an outperform rating in a report on Tuesday, January 30th. Argus began coverage on shares of J. B. Hunt in a report on Tuesday, March 20th. They issued a buy rating and a $150.00 target price on the stock. Cowen reaffirmed a hold rating and issued a $127.00 target price on shares of J. B. Hunt in a report on Friday, January 19th. Finally, Zacks Investment Research cut shares of J. B. Hunt from a buy rating to a hold rating in a report on Tuesday, March 13th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $124.50.
Shares of NASDAQ:JBHT opened at $120.32 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.43 and a debt-to-equity ratio of 0.39. J. B. Hunt has a one year low of $83.35 and a one year high of $126.49. The stock has a market cap of $13,125.54, a price-to-earnings ratio of 32.17, a price-to-earnings-growth ratio of 1.78 and a beta of 0.93.
J. B. Hunt (NASDAQ:JBHT) last issued its earnings results on Monday, April 16th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.07. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.88 billion. J. B. Hunt had a net margin of 9.35% and a return on equity of 25.90%. J. B. Hunt’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.92 EPS. equities analysts forecast that J. B. Hunt will post 5.29 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 18th. Shareholders of record on Friday, May 4th will be issued a $0.24 dividend. The ex-dividend date is Thursday, May 3rd. This represents a $0.96 annualized dividend and a yield of 0.80%. J. B. Hunt’s dividend payout ratio is currently 25.67%.
In other J. B. Hunt news, Director Johnnie B. Hunt, Jr. sold 2,328 shares of the stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $121.00, for a total value of $281,688.00. Following the transaction, the director now directly owns 70,697 shares of the company’s stock, valued at approximately $8,554,337. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Earl Wayne Garrison sold 21,344 shares of the 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 disclosure for this sale can be found here. 4.20% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the business. Assetmark Inc. grew its position in shares of J. B. Hunt by 422.9% during the 4th quarter. Assetmark Inc. now owns 1,574 shares of the transportation company’s stock worth $181,000 after purchasing an additional 1,273 shares in the last quarter. Advisory Services Network LLC grew its position in shares of J. B. Hunt by 2,190.7% during the 4th quarter. Advisory Services Network LLC now owns 2,222 shares of the transportation company’s stock worth $255,000 after purchasing an additional 2,125 shares in the last quarter. Driehaus Capital Management LLC acquired a new position in shares of J. B. Hunt during the 4th quarter worth approximately $276,000. Tower Research Capital LLC TRC grew its position in shares of J. B. Hunt by 312.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,758 shares of the transportation company’s stock worth $317,000 after purchasing an additional 2,089 shares in the last quarter. Finally, OLD Mission Capital LLC acquired a new position in shares of J. B. Hunt during the 4th quarter worth approximately $347,000. Hedge funds and other institutional investors own 72.23% of the company’s stock.
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About J. B. Hunt
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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