BidaskClub upgraded shares of J.B. Hunt Transport Services (NASDAQ:JBHT) from a hold rating to a buy rating in a report released on Saturday.

JBHT has been the subject of a number of other reports. UBS raised shares of J.B. Hunt Transport Services from a neutral rating to a buy rating and upped their target price for the stock from $115.00 to $126.00 in a research note on Monday, October 23rd. Stifel Nicolaus set a $91.00 target price on shares of J.B. Hunt Transport Services and gave the stock a hold rating in a research note on Wednesday, August 23rd. J P Morgan Chase & Co upped their target price on shares of J.B. Hunt Transport Services from $108.00 to $121.00 and gave the stock an overweight rating in a research note on Thursday, October 12th. Credit Suisse Group reaffirmed a buy rating and issued a $114.00 target price (up from $100.00) on shares of J.B. Hunt Transport Services in a research note on Thursday, October 12th. They noted that the move was a valuation call. Finally, Cowen reaffirmed a buy rating and issued a $102.00 target price on shares of J.B. Hunt Transport Services in a research note on Sunday, October 1st. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. J.B. Hunt Transport Services presently has an average rating of Buy and an average target price of $109.41.

J.B. Hunt Transport Services (NASDAQ JBHT) opened at $111.24 on Friday. The firm has a market cap of $12,348.19, a price-to-earnings ratio of 30.57, a P/E/G ratio of 2.30 and a beta of 1.06. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.48 and a quick ratio of 1.48. J.B. Hunt Transport Services has a one year low of $83.35 and a one year high of $112.99.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Friday, October 13th. The transportation company reported $0.91 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.05). The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.82 billion. J.B. Hunt Transport Services had a return on equity of 28.90% and a net margin of 6.05%. J.B. Hunt Transport Services’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.97 earnings per share. analysts predict that J.B. Hunt Transport Services will post 3.76 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Friday, November 3rd were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.83%. J.B. Hunt Transport Services’s dividend payout ratio is 24.47%.

In other news, EVP Bradley W. Hicks sold 1,000 shares of the stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $110.33, for a total transaction of $110,330.00. Following the completion of the transaction, the executive vice president now directly owns 16,690 shares in the company, valued at approximately $1,841,407.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP John Kuhlow sold 500 shares of the stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $112.55, for a total transaction of $56,275.00. Following the transaction, the senior vice president now owns 3,499 shares of the company’s stock, valued at $393,812.45. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 101,500 shares of company stock valued at $11,095,605. Company insiders own 4.30% of the company’s stock.

Large investors have recently modified their holdings of the stock. State Board of Administration of Florida Retirement System lifted its stake in J.B. Hunt Transport Services by 1.0% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 143,459 shares of the transportation company’s stock valued at $13,109,000 after purchasing an additional 1,439 shares during the last quarter. Legal & General Group Plc lifted its stake in J.B. Hunt Transport Services by 10.8% in the 2nd quarter. Legal & General Group Plc now owns 464,511 shares of the transportation company’s stock valued at $42,446,000 after purchasing an additional 45,277 shares during the last quarter. Stephens Inc. AR lifted its stake in J.B. Hunt Transport Services by 12.2% in the 2nd quarter. Stephens Inc. AR now owns 33,243 shares of the transportation company’s stock valued at $3,038,000 after purchasing an additional 3,617 shares during the last quarter. Victory Capital Management Inc. lifted its stake in J.B. Hunt Transport Services by 18.7% in the 2nd quarter. Victory Capital Management Inc. now owns 20,718 shares of the transportation company’s stock valued at $1,893,000 after purchasing an additional 3,267 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in J.B. Hunt Transport Services by 30.8% in the 2nd quarter. American Century Companies Inc. now owns 1,095,010 shares of the transportation company’s stock valued at $100,062,000 after purchasing an additional 257,725 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

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J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

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

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