J B Hunt Transport Services Inc (NASDAQ:JBHT) Given Consensus Rating of “Hold” by Brokerages

J B Hunt Transport Services Inc (NASDAQ:JBHT) has been given a consensus recommendation of “Hold” by the twenty-two brokerages that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, sixteen have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $112.94.

Several analysts recently commented on the company. Credit Suisse Group dropped their target price on J B Hunt Transport Services from $113.00 to $110.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Stephens dropped their target price on J B Hunt Transport Services from $133.00 to $131.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Argus reaffirmed a “hold” rating on shares of J B Hunt Transport Services in a report on Thursday, October 17th. Sanford C. Bernstein lowered J B Hunt Transport Services from an “outperform” rating to a “market perform” rating and set a $124.00 target price on the stock. in a report on Sunday, January 5th. Finally, Goldman Sachs Group lowered J B Hunt Transport Services from a “buy” rating to a “neutral” rating and set a $115.00 target price on the stock. in a report on Friday, November 1st.

Shares of JBHT stock traded down $3.95 during mid-day trading on Friday, reaching $110.28. The stock had a trading volume of 46,855 shares, compared to its average volume of 860,850. The business’s fifty day moving average is $115.10 and its 200-day moving average is $112.02. The company has a current ratio of 1.43, a quick ratio of 1.29 and a debt-to-equity ratio of 0.57. The firm has a market cap of $12.15 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 1.32 and a beta of 1.11. J B Hunt Transport Services has a 1-year low of $83.64 and a 1-year high of $122.29.

J B Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Friday, January 17th. The transportation company reported $1.35 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.17). The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.46 billion. J B Hunt Transport Services had a net margin of 5.99% and a return on equity of 25.65%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.81 earnings per share. On average, analysts forecast that J B Hunt Transport Services will post 5.64 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a $0.27 dividend. This is a positive change from J B Hunt Transport Services’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 0.98%. The ex-dividend date is Thursday, February 6th. J B Hunt Transport Services’s dividend payout ratio (DPR) is presently 22.09%.

In other J B Hunt Transport Services news, CFO David G. Mee sold 4,776 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $114.30, for a total value of $545,896.80. Following the sale, the chief financial officer now directly owns 108,650 shares of the company’s stock, valued at $12,418,695. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Terrence D. Matthews sold 9,000 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $108.19, for a total value of $973,710.00. Following the completion of the sale, the executive vice president now directly owns 25,439 shares in the company, valued at $2,752,245.41. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Bessemer Group Inc. lifted its position in shares of J B Hunt Transport Services by 3,400.0% in the fourth quarter. Bessemer Group Inc. now owns 560 shares of the transportation company’s stock valued at $65,000 after acquiring an additional 544 shares in the last quarter. CSat Investment Advisory L.P. lifted its position in shares of J B Hunt Transport Services by 21.0% in the fourth quarter. CSat Investment Advisory L.P. now owns 635 shares of the transportation company’s stock valued at $74,000 after acquiring an additional 110 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of J B Hunt Transport Services by 667.0% in the fourth quarter. Meeder Asset Management Inc. now owns 744 shares of the transportation company’s stock valued at $87,000 after acquiring an additional 647 shares in the last quarter. Great Diamond Partners LLC purchased a new position in shares of J B Hunt Transport Services in the fourth quarter valued at approximately $150,000. Finally, Bridger Capital Management LLC purchased a new position in shares of J B Hunt Transport Services in the third quarter valued at approximately $173,000. 75.21% of the stock is currently owned by institutional investors.

About J B Hunt Transport Services

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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