Shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) have earned an average recommendation of “Hold” from the twenty-one research firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $105.40.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of J B Hunt Transport Services from a “hold” rating to a “sell” rating and set a $94.00 price objective on the stock. in a research note on Thursday, June 20th. Deutsche Bank set a $82.00 price objective on shares of J B Hunt Transport Services and gave the stock a “sell” rating in a research note on Thursday, July 11th. Susquehanna Bancshares increased their price objective on shares of J B Hunt Transport Services from $110.00 to $114.00 in a research note on Tuesday, July 16th. Goldman Sachs Group assumed coverage on shares of J B Hunt Transport Services in a research note on Wednesday, July 10th. They set a “buy” rating and a $113.00 price objective on the stock. Finally, Stifel Nicolaus increased their price objective on shares of J B Hunt Transport Services from $95.00 to $104.00 and gave the stock a “hold” rating in a research note on Tuesday, July 16th.

Shares of J B Hunt Transport Services stock traded down $1.99 during trading on Thursday, reaching $113.76. The company had a trading volume of 22,322 shares, compared to its average volume of 1,115,243. The company has a market cap of $12.16 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The firm’s fifty day moving average is $102.98 and its 200-day moving average is $98.15. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.30 and a current ratio of 1.30. J B Hunt Transport Services has a fifty-two week low of $83.64 and a fifty-two week high of $126.99.

J B Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Monday, July 15th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.12). The company had revenue of $2.26 billion during 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 business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.37 EPS. On average, research analysts anticipate that J B Hunt Transport Services will post 5.51 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 2nd were paid a $0.26 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.04 annualized dividend and a dividend yield of 0.91%. J B Hunt Transport Services’s payout ratio is currently 18.34%.

In other news, CFO David G. Mee sold 6,141 shares of the stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $103.82, for a total value of $637,558.62. Following the completion of the transaction, the chief financial officer now directly owns 117,291 shares in the company, valued at $12,177,151.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Darren P. Field sold 1,200 shares of the stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $99.07, for a total transaction of $118,884.00. Following the completion of the transaction, the executive vice president now owns 8,144 shares of the company’s stock, valued at $806,826.08. The disclosure for this sale can be found here. Insiders sold 83,126 shares of company stock valued at $8,971,721 over the last quarter. Insiders own 3.60% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of J B Hunt Transport Services by 64.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 16,549,237 shares of the transportation company’s stock valued at $1,512,766,000 after acquiring an additional 6,466,645 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of J B Hunt Transport Services by 1.2% in the second quarter. Vanguard Group Inc. now owns 10,146,700 shares of the transportation company’s stock valued at $927,510,000 after acquiring an additional 119,590 shares in the last quarter. Atlanta Capital Management Co. L L C boosted its holdings in shares of J B Hunt Transport Services by 20.2% in the second quarter. Atlanta Capital Management Co. L L C now owns 4,209,332 shares of the transportation company’s stock valued at $384,775,000 after acquiring an additional 706,693 shares in the last quarter. FMR LLC boosted its holdings in shares of J B Hunt Transport Services by 60.7% in the first quarter. FMR LLC now owns 4,049,886 shares of the transportation company’s stock valued at $410,212,000 after acquiring an additional 1,529,785 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of J B Hunt Transport Services by 5.8% in the second quarter. Invesco Ltd. now owns 1,626,291 shares of the transportation company’s stock valued at $148,660,000 after acquiring an additional 89,524 shares in the last quarter. Institutional investors and hedge funds own 73.89% of the company’s stock.

J B Hunt Transport Services Company Profile

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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