J. B. Hunt (NASDAQ:JBHT) gapped up prior to trading on Tuesday after BMO Capital Markets raised their price target on the stock from $125.00 to $127.00. The stock had previously closed at $119.78, but opened at $119.75. BMO Capital Markets currently has a market perform rating on the stock. J. B. Hunt shares last traded at $117.81, with a volume of 603597 shares trading hands.
Several other research firms have also recently weighed in on JBHT. Zacks Investment Research cut J. B. Hunt from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. Stephens reissued a “buy” rating and issued a $140.00 price objective on shares of J. B. Hunt in a research report on Friday, January 19th. BidaskClub cut J. B. Hunt from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 31st. Credit Suisse Group increased their price objective on J. B. Hunt from $129.00 to $136.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Loop Capital reaffirmed a “buy” rating and issued a $145.00 target price on shares of J. B. Hunt in a research report on Friday, January 19th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $124.15.
In other J. B. Hunt news, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Johnnie B. Hunt, Jr. sold 2,328 shares of the stock in a transaction on Friday, March 9th. The stock was sold at an average price of $121.00, for a total value of $281,688.00. Following the transaction, the director now owns 70,697 shares of the company’s stock, valued at $8,554,337. The disclosure for this sale can be found here. Corporate insiders own 4.20% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. TIAA CREF Investment Management LLC increased its stake in shares of J. B. Hunt by 61.6% in the fourth quarter. TIAA CREF Investment Management LLC now owns 817,711 shares of the transportation company’s stock valued at $94,020,000 after buying an additional 311,590 shares in the last quarter. AGF Investments Inc. acquired a new stake in shares of J. B. Hunt in the fourth quarter valued at $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 valued at $41,921,000 after buying 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 valued at $55,949,000 after buying an additional 263,823 shares in the last quarter. Finally, Telemark Asset Management LLC acquired a new stake in shares of J. B. Hunt in the fourth quarter valued at $17,247,000. Hedge funds and other institutional investors own 72.25% of the company’s stock.
The company has a market cap of $12,377.01, a price-to-earnings ratio of 31.32, a price-to-earnings-growth ratio of 1.69 and a beta of 0.93. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.45 and a quick ratio of 1.43.
J. B. Hunt (NASDAQ:JBHT) last announced its earnings results on Monday, April 16th. The transportation company reported $1.07 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.07. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. J. B. Hunt had a return on equity of 27.32% and a net margin of 9.55%. The firm’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same period last year, the company posted $0.92 earnings per share. equities research analysts forecast that J. B. Hunt will post 5.27 EPS for the current fiscal year.
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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