J.B. Hunt Transport Services (NASDAQ:JBHT) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of J.B. Hunt Transport Services (NASDAQ:JBHTFree Report) from a buy rating to a hold rating in a research report report published on Saturday,Wall Street Zen reports.

JBHT has been the topic of several other research reports. Morgan Stanley reiterated an “underweight” rating and issued a $200.00 target price (up from $190.00) on shares of J.B. Hunt Transport Services in a research note on Monday, July 6th. Sanford C. Bernstein reissued an “outperform” rating on shares of J.B. Hunt Transport Services in a research report on Thursday, July 16th. Citizens Jmp began coverage on shares of J.B. Hunt Transport Services in a report on Wednesday, July 15th. They issued a “market perform” rating on the stock. The Goldman Sachs Group set a $261.00 price objective on shares of J.B. Hunt Transport Services in a research report on Thursday, July 16th. Finally, Barclays boosted their price objective on shares of J.B. Hunt Transport Services from $270.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $286.30.

Read Our Latest Stock Report on J.B. Hunt Transport Services

J.B. Hunt Transport Services Stock Performance

JBHT opened at $273.77 on Friday. The stock has a 50-day moving average of $276.15 and a 200 day moving average of $254.45. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31. J.B. Hunt Transport Services has a 12 month low of $130.12 and a 12 month high of $299.76. The firm has a market cap of $25.71 billion, a P/E ratio of 38.78, a P/E/G ratio of 2.07 and a beta of 1.29.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) last posted its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.20. The business had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.26 billion. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.The company’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period last year, the company earned $1.31 EPS. As a group, research analysts forecast that J.B. Hunt Transport Services will post 7.75 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, August 7th. J.B. Hunt Transport Services’s dividend payout ratio is 25.50%.

Institutional Trading of J.B. Hunt Transport Services

A number of hedge funds and other institutional investors have recently modified their holdings of JBHT. California State Teachers Retirement System raised its holdings in J.B. Hunt Transport Services by 37,492.5% during the second quarter. California State Teachers Retirement System now owns 33,209,198 shares of the transportation company’s stock worth $9,611,738,000 after purchasing an additional 33,120,858 shares in the last quarter. BlackRock Inc. acquired a new position in shares of J.B. Hunt Transport Services in the 2nd quarter valued at $1,833,602,000. State Street Corp grew its position in shares of J.B. Hunt Transport Services by 7.1% in the 2nd quarter. State Street Corp now owns 4,122,669 shares of the transportation company’s stock valued at $592,015,000 after buying an additional 272,594 shares during the last quarter. Janus Henderson Group PLC raised its stake in J.B. Hunt Transport Services by 1.1% during the 1st quarter. Janus Henderson Group PLC now owns 3,982,720 shares of the transportation company’s stock worth $843,937,000 after acquiring an additional 41,887 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in J.B. Hunt Transport Services by 17.7% in the fourth quarter. AQR Capital Management LLC now owns 3,755,171 shares of the transportation company’s stock valued at $729,780,000 after acquiring an additional 565,605 shares during the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Company Profile

(Get Free Report)

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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Analyst Recommendations for J.B. Hunt Transport Services (NASDAQ:JBHT)

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