Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Get Rating) have been given a consensus rating of “Moderate Buy” by the twenty-two brokerages that are currently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $189.67.
A number of equities analysts have weighed in on the stock. Benchmark reiterated a “buy” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, April 19th. Deutsche Bank Aktiengesellschaft lowered their price target on J.B. Hunt Transport Services from $214.00 to $207.00 in a research report on Monday, March 20th. Bank of America cut their price objective on J.B. Hunt Transport Services from $197.00 to $194.00 and set a “buy” rating on the stock in a report on Tuesday, April 18th. Argus decreased their target price on J.B. Hunt Transport Services from $225.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, April 20th. Finally, StockNews.com started coverage on shares of J.B. Hunt Transport Services in a research report on Thursday, May 18th. They set a “hold” rating on the stock.
Insiders Place Their Bets
In other news, EVP Stuart Lockard Scott sold 2,458 shares of the business’s stock in a transaction that occurred on Thursday, April 20th. The stock was sold at an average price of $178.34, for a total value of $438,359.72. Following the completion of the sale, the executive vice president now directly owns 29,126 shares in the company, valued at approximately $5,194,330.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other J.B. Hunt Transport Services news, CFO John Kuhlow sold 3,500 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $176.05, for a total value of $616,175.00. Following the completion of the transaction, the chief financial officer now directly owns 9,911 shares in the company, valued at $1,744,831.55. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Stuart Lockard Scott sold 2,458 shares of the company’s stock in a transaction that occurred on Thursday, April 20th. The shares were sold at an average price of $178.34, for a total value of $438,359.72. Following the transaction, the executive vice president now directly owns 29,126 shares of the company’s stock, valued at $5,194,330.84. The disclosure for this sale can be found here. Insiders have sold a total of 7,158 shares of company stock valued at $1,264,895 in the last quarter. Insiders own 3.10% of the company’s stock.
Institutional Inflows and Outflows
J.B. Hunt Transport Services Trading Up 1.6 %
Shares of J.B. Hunt Transport Services stock opened at $171.54 on Wednesday. J.B. Hunt Transport Services has a fifty-two week low of $153.92 and a fifty-two week high of $200.64. The business’s fifty day moving average is $172.81 and its two-hundred day moving average is $179.17. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.26. The firm has a market cap of $17.78 billion, a PE ratio of 19.49, a P/E/G ratio of 1.31 and a beta of 1.13.
J.B. Hunt Transport Services (NASDAQ:JBHT – Get Rating) last issued its quarterly earnings results on Monday, April 17th. The transportation company reported $1.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.23). J.B. Hunt Transport Services had a return on equity of 25.85% and a net margin of 6.35%. The business had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.42 billion. During the same period in the previous year, the business posted $2.29 earnings per share. The firm’s quarterly revenue was down 7.4% on a year-over-year basis. Analysts anticipate that J.B. Hunt Transport Services will post 8.56 earnings per share for the current year.
J.B. Hunt Transport Services Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 26th. Investors of record on Friday, May 12th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Thursday, May 11th. J.B. Hunt Transport Services’s dividend payout ratio is currently 19.09%.
About J.B. Hunt Transport Services
J.B. Hunt Transport Services, Inc engages in the provision of logistics solutions. It operates through the following segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS) and Truckload (JBT). The JBI segment offers intermodal freight operations for rail carriers.
- Get a free copy of the StockNews.com research report on J.B. Hunt Transport Services (JBHT)
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