Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Get Free Report) have been assigned an average rating of “Moderate Buy” from the twenty-six analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation, thirteen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $286.3043.
A number of research analysts have recently weighed in on JBHT shares. TD Cowen raised their price target on J.B. Hunt Transport Services from $265.00 to $297.00 and gave the company a “hold” rating in a research report on Thursday, July 16th. UBS Group boosted their price objective on shares of J.B. Hunt Transport Services from $286.00 to $291.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. The Goldman Sachs Group set a $261.00 price objective on shares of J.B. Hunt Transport Services in a research note on Thursday, July 16th. Raymond James Financial raised their target price on shares of J.B. Hunt Transport Services from $299.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, July 16th. Finally, Argus set a $285.00 target price on shares of J.B. Hunt Transport Services in a research report on Monday, April 20th.
Read Our Latest Report on JBHT
J.B. Hunt Transport Services Stock Performance
J.B. Hunt Transport Services (NASDAQ:JBHT – Get Free Report) last posted its earnings results on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.20. The company 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 return on equity of 18.75% and a net margin of 5.31%.J.B. Hunt Transport Services’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.31 earnings per share. Sell-side analysts expect that J.B. Hunt Transport Services will post 7.71 EPS for the current fiscal year.
J.B. Hunt Transport Services Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, August 7th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 25.50%.
Insider Activity
In other J.B. Hunt Transport Services news, insider Bradley W. Hicks sold 7,644 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $261.91, for a total transaction of $2,002,040.04. Following the sale, the insider owned 23,982 shares in the company, valued at approximately $6,281,125.62. This represents a 24.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Darren P. Field sold 4,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $254.49, for a total value of $1,017,960.00. Following the transaction, the executive vice president directly owned 8,696 shares of the company’s stock, valued at $2,213,045.04. The trade was a 31.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 15,847 shares of company stock worth $4,162,861. 2.50% of the stock is owned by corporate insiders.
Institutional Trading of J.B. Hunt Transport Services
Several institutional investors and hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC boosted its stake in shares of J.B. Hunt Transport Services by 411.5% during the second quarter. AQR Capital Management LLC now owns 1,799,843 shares of the transportation company’s stock valued at $258,457,000 after acquiring an additional 1,447,993 shares during the last quarter. Norges Bank purchased a new position in J.B. Hunt Transport Services in the 4th quarter valued at about $200,587,000. Bessemer Group Inc. lifted its holdings in J.B. Hunt Transport Services by 75,567.4% in the 4th quarter. Bessemer Group Inc. now owns 1,006,377 shares of the transportation company’s stock valued at $195,580,000 after purchasing an additional 1,005,047 shares in the last quarter. Qube Research & Technologies Ltd boosted its stake in shares of J.B. Hunt Transport Services by 338.0% during the 3rd quarter. Qube Research & Technologies Ltd now owns 823,089 shares of the transportation company’s stock worth $110,434,000 after purchasing an additional 635,172 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of J.B. Hunt Transport Services by 272.8% during the 4th quarter. Wellington Management Group LLP now owns 747,377 shares of the transportation company’s stock worth $145,245,000 after purchasing an additional 546,880 shares during the last quarter. 74.95% of the stock is currently owned by hedge funds and other institutional investors.
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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