Credit Suisse Group lowered shares of J B Hunt Transport Services (NASDAQ:JBHT) from an outperform rating to a neutral rating in a research report sent to investors on Thursday, BenzingaRatingsTable reports.
Several other research analysts have also recently issued reports on the company. Cowen reaffirmed a market perform rating and issued a $112.00 price target (down previously from $122.00) on shares of J B Hunt Transport Services in a report on Tuesday, April 16th. Goldman Sachs Group cut EXPERIAN PLC/ADR from a buy rating to a neutral rating in a report on Wednesday. Morgan Stanley set a $36.00 price target on ArcBest and gave the company a hold rating in a report on Monday, July 8th. Deutsche Bank cut J B Hunt Transport Services from a buy rating to a sell rating and set a $98.51 price target on the stock. in a report on Wednesday, April 17th. Finally, Stifel Nicolaus raised QUALCOMM from a hold rating to a buy rating and upped their price target for the company from $57.00 to $100.00 in a report on Tuesday, April 16th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $109.00.
JBHT opened at $92.94 on Thursday. The firm has a market capitalization of $10.11 billion, a P/E ratio of 16.31, a price-to-earnings-growth ratio of 1.11 and a beta of 1.11. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.44 and a quick ratio of 1.44. J B Hunt Transport Services has a 1-year low of $83.64 and a 1-year high of $129.98. The business has a 50 day moving average price of $89.00.
J B Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Monday, April 15th. The transportation company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.16). The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.17 billion. J B Hunt Transport Services had a return on equity of 29.84% and a net margin of 5.61%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the company earned $1.07 earnings per share. As a group, research analysts predict that J B Hunt Transport Services will post 5.55 earnings per share for the current fiscal year.
In other news, insider John N. Roberts bought 2,319 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were bought at an average cost of $86.23 per share, with a total value of $199,967.37. Following the purchase, the insider now directly owns 288,739 shares in the company, valued at $24,897,963.97. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Gary Charles George bought 5,000 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were purchased at an average cost of $94.52 per share, for a total transaction of $472,600.00. Following the completion of the purchase, the director now owns 43,369 shares in the company, valued at $4,099,237.88. The disclosure for this purchase can be found here. 3.60% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in the business. Country Club Trust Company n.a. acquired a new stake in J B Hunt Transport Services during the 2nd quarter valued at $306,000. NN Investment Partners Holdings N.V. acquired a new stake in J B Hunt Transport Services during the 2nd quarter valued at $716,000. Xact Kapitalforvaltning AB raised its stake in J B Hunt Transport Services by 10.7% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 21,057 shares of the transportation company’s stock valued at $1,925,000 after purchasing an additional 2,042 shares during the period. Dalton Greiner Hartman Maher & Co. increased its stake in shares of J B Hunt Transport Services by 269.8% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 12,111 shares of the transportation company’s stock worth $1,107,000 after acquiring an additional 8,836 shares during the last quarter. Finally, DNB Asset Management AS increased its stake in shares of J B Hunt Transport Services by 20.5% in the second quarter. DNB Asset Management AS now owns 14,794 shares of the transportation company’s stock worth $1,352,000 after acquiring an additional 2,514 shares during the last quarter. 72.94% 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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