BidaskClub Downgrades J B Hunt Transport Services (NASDAQ:JBHT) to Sell

BidaskClub lowered shares of J B Hunt Transport Services (NASDAQ:JBHT) from a hold rating to a sell rating in a research report sent to investors on Friday, BidAskClub reports.

Several other equities research analysts have also commented on the stock. Loop Capital lowered shares of J B Hunt Transport Services from a buy rating to a hold rating in a research note on Wednesday, September 11th. They noted that the move was a valuation call. Goldman Sachs Group lowered J B Hunt Transport Services from a buy rating to a neutral rating and set a $115.00 price objective for the company. in a report on Friday, November 1st. Susquehanna Bancshares lowered J B Hunt Transport Services from a positive rating to a neutral rating and decreased their price objective for the stock from $124.00 to $119.00 in a report on Tuesday, October 8th. Argus restated a hold rating on shares of J B Hunt Transport Services in a research report on Thursday, October 17th. Finally, UBS Group lifted their target price on J B Hunt Transport Services from $98.00 to $114.00 and gave the company a neutral rating in a research note on Wednesday, October 16th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have issued a buy rating to the company. J B Hunt Transport Services currently has a consensus rating of Hold and a consensus target price of $110.29.

J B Hunt Transport Services stock opened at $114.45 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.29 and a current ratio of 1.29. J B Hunt Transport Services has a one year low of $83.64 and a one year high of $122.29. The company has a 50-day simple moving average of $116.83 and a 200-day simple moving average of $103.97. The firm has a market capitalization of $12.20 billion, a P/E ratio of 20.19, a P/E/G ratio of 1.41 and a beta of 1.12.

J B Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.45 by ($0.05). The firm had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.34 billion. J B Hunt Transport Services had a net margin of 5.46% and a return on equity of 28.45%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.47 earnings per share. As a group, sell-side analysts forecast that J B Hunt Transport Services will post 5.42 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.91%. J B Hunt Transport Services’s dividend payout ratio is presently 18.34%.

In related news, EVP Bradley W. Hicks sold 1,500 shares of the stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $116.67, for a total value of $175,005.00. Following the completion of the sale, the executive vice president now directly owns 16,193 shares of the company’s stock, valued at approximately $1,889,237.31. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Darren P. Field sold 3,800 shares of the firm’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $115.58, for a total value of $439,204.00. Following the sale, the executive vice president now owns 4,344 shares of the company’s stock, valued at $502,079.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 129,975 shares of company stock worth $15,530,972. 3.60% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. FTB Advisors Inc. grew its position in J B Hunt Transport Services by 49.2% during the second quarter. FTB Advisors Inc. now owns 373 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 123 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of J B Hunt Transport Services during the 2nd quarter worth about $46,000. CWM LLC raised its stake in shares of J B Hunt Transport Services by 122.0% during the 2nd quarter. CWM LLC now owns 637 shares of the transportation company’s stock worth $58,000 after purchasing an additional 350 shares in the last quarter. CSat Investment Advisory L.P. lifted its holdings in shares of J B Hunt Transport Services by 99.1% during the 2nd quarter. CSat Investment Advisory L.P. now owns 639 shares of the transportation company’s stock valued at $58,000 after buying an additional 318 shares during the last quarter. Finally, North Star Investment Management Corp. acquired a new stake in shares of J B Hunt Transport Services during the 3rd quarter valued at about $111,000. 75.38% of the stock is owned by institutional investors and hedge funds.

J B Hunt Transport Services 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 in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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Analyst Recommendations for J B Hunt Transport Services (NASDAQ:JBHT)

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