Zacks Research upgraded shares of J.B. Hunt Transport Services (NASDAQ:JBHT – Free Report) from a hold rating to a strong-buy rating in a research note released on Thursday,Zacks.com reports.
Several other equities analysts also recently weighed in on JBHT. Bank of America lifted their target price on shares of J.B. Hunt Transport Services from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Evercore reaffirmed an “outperform” rating and issued a $248.00 price objective on shares of J.B. Hunt Transport Services in a report on Monday, May 11th. Susquehanna set a $345.00 price objective on shares of J.B. Hunt Transport Services in a research note on Thursday. Citizens Jmp assumed coverage on shares of J.B. Hunt Transport Services in a report on Wednesday. They set a “market perform” rating on the stock. Finally, Benchmark boosted their target price on shares of J.B. Hunt Transport Services from $250.00 to $300.00 and gave the company a “buy” rating in a report on Friday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and a consensus price target of $286.30.
Get Our Latest Stock Analysis on JBHT
J.B. Hunt Transport Services Trading Down 2.3%
J.B. Hunt Transport Services (NASDAQ:JBHT – Get Free Report) last released its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.71 by $0.20. The business had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.26 billion. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The company’s revenue was up 19.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.31 earnings per share. As a group, research analysts forecast that J.B. Hunt Transport Services will post 7.54 EPS for the current year.
J.B. Hunt Transport Services Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.80 annualized dividend and a dividend yield of 0.6%. J.B. Hunt Transport Services’s dividend payout ratio is presently 27.86%.
Insider Buying and Selling
In other J.B. Hunt Transport Services news, EVP David Keefauver sold 703 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $285.13, for a total value of $200,446.39. Following the transaction, the executive vice president directly owned 790 shares in the company, valued at $225,252.70. This represents a 47.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bradley W. Hicks sold 7,644 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $261.91, for a total value of $2,002,040.04. Following the completion of the transaction, the insider owned 23,982 shares in the company, valued at $6,281,125.62. This represents a 24.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 18,119 shares of company stock valued at $4,736,095 in the last ninety days. 2.50% of the stock is owned by insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. CYBER HORNET ETFs LLC bought a new stake in J.B. Hunt Transport Services during the second quarter valued at approximately $31,000. International Assets Investment Management LLC purchased a new position in J.B. Hunt Transport Services in the 4th quarter worth approximately $32,000. MUFG Securities EMEA plc bought a new position in shares of J.B. Hunt Transport Services in the 2nd quarter worth $34,000. Whittier Trust Co. increased its holdings in shares of J.B. Hunt Transport Services by 39.1% in the 4th quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock worth $37,000 after buying an additional 50 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in shares of J.B. Hunt Transport Services by 34.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock valued at $37,000 after buying an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.
More J.B. Hunt Transport Services News
Here are the key news stories impacting J.B. Hunt Transport Services this week:
- Positive Sentiment: JBHT was added to Zacks’ “Strong Buy” momentum list, signaling improving technical and fundamental momentum. Best Momentum Stocks to Buy for July 17th
- Positive Sentiment: Analysts raised price targets after the earnings beat, including JPMorgan, Robert W. Baird, Barclays, Citigroup, and TD Cowen, reflecting confidence in the recovery and margin improvement.
- Positive Sentiment: Reports highlighted shrinking trucking capacity and a shift toward intermodal freight, which could support stronger pricing and volume trends for JBHT. J.B. Hunt Stock Could Reach $340 as Trucking Capacity Shrinks
- Positive Sentiment: JBHT was also featured on relative-strength and momentum screens, indicating that investors see it as one of the stronger names in a choppy market. 5 Top Stocks With Relative Price Strength to Buy Right Now
- Neutral Sentiment: One Zacks article cautioned that while earnings growth and estimate revisions support the rally, the stock’s premium valuation means investors should remain selective. Is JBHT Stock too Expensive or Still Attractive After Its Rally?
- Neutral Sentiment: Analysts’ consensus remains constructive, with coverage still centered around a “Moderate Buy” view.
About J.B. Hunt Transport Services
J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.
In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.
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