Stifel Nicolaus Raises J B Hunt Transport Services (NASDAQ:JBHT) Price Target to $104.00

J B Hunt Transport Services (NASDAQ:JBHT) had its price objective raised by Stifel Nicolaus from $95.00 to $104.00 in a report published on Tuesday, BenzingaRatingsTable reports. They currently have a hold rating on the transportation company’s stock.

Several other equities research analysts have also issued reports on the company. Goldman Sachs Group lowered EXPERIAN PLC/ADR from a buy rating to a neutral rating in a report on Wednesday, July 10th. UBS Group raised their price objective on Intact Financial from C$122.00 to C$133.00 in a research note on Tuesday, June 18th. Barclays cut their price objective on Kansas City Southern from $130.00 to $128.00 and set an equal weight rating on the stock in a research note on Thursday, April 4th. Cowen reissued a buy rating and issued a $258.00 price objective on shares of Canadian Pacific Railway in a research note on Tuesday. Finally, Buckingham Research cut their price objective on Werner Enterprises from $43.00 to $42.00 and set a buy rating on the stock in a research note on Tuesday, April 2nd. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company. The company has an average rating of Hold and an average target price of $107.13.

Shares of J B Hunt Transport Services stock traded up $1.61 during trading on Tuesday, hitting $100.84. 19,617 shares of the stock traded hands, compared to its average volume of 1,326,690. The company has a market capitalization of $10.63 billion, a PE ratio of 17.69, a P/E/G ratio of 1.18 and a beta of 1.11. The company has a current ratio of 1.30, a quick ratio of 1.44 and a debt-to-equity ratio of 0.64. J B Hunt Transport Services has a twelve month low of $83.64 and a twelve month high of $127.93. The business’s fifty day moving average is $89.88.

J B Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Monday, July 15th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by ($0.12). The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. J B Hunt Transport Services had a net margin of 5.33% and a return on equity of 29.35%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.37 earnings per share. As a group, analysts forecast that J B Hunt Transport Services will post 5.53 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Friday, August 2nd will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.03%. J B Hunt Transport Services’s dividend payout ratio is currently 18.34%.

In other J B Hunt Transport Services news, Director Gary Charles George purchased 5,000 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were bought at an average cost of $94.52 per share, with a total value of $472,600.00. Following the transaction, the director now directly owns 43,369 shares in the company, valued at approximately $4,099,237.88. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John N. Roberts purchased 2,319 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was acquired at an average cost of $86.23 per share, for a total transaction of $199,967.37. Following the completion of the transaction, the insider now owns 288,739 shares in the company, valued at $24,897,963.97. The disclosure for this purchase can be found here. Insiders own 3.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Horrell Capital Management Inc. increased its position in J B Hunt Transport Services by 0.3% in the 1st quarter. Horrell Capital Management Inc. now owns 51,593 shares of the transportation company’s stock worth $5,226,000 after buying an additional 138 shares during the period. Montag & Caldwell LLC increased its position in J B Hunt Transport Services by 4.2% in the 1st quarter. Montag & Caldwell LLC now owns 3,730 shares of the transportation company’s stock worth $378,000 after buying an additional 150 shares during the period. Piedmont Investment Advisors Inc. increased its position in J B Hunt Transport Services by 2.1% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 7,752 shares of the transportation company’s stock worth $785,000 after buying an additional 158 shares during the period. Homrich & Berg increased its position in J B Hunt Transport Services by 0.5% in the 1st quarter. Homrich & Berg now owns 34,081 shares of the transportation company’s stock worth $3,452,000 after buying an additional 167 shares during the period. Finally, Retirement Systems of Alabama increased its position in J B Hunt Transport Services by 0.4% in the 1st quarter. Retirement Systems of Alabama now owns 40,507 shares of the transportation company’s stock worth $4,103,000 after buying an additional 168 shares during the period. 72.91% 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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