JB Hunt Transport Services Inc. (NASDAQ:JBHT) has been given an average recommendation of “Buy” by the nineteen research firms that are presently covering the company. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $91.94.

Several equities analysts recently issued reports on JBHT shares. Zacks Investment Research lowered shares of JB Hunt Transport Services from a “hold” rating to a “sell” rating in a report on Monday, October 3rd. KeyCorp reissued a “buy” rating and set a $92.00 price objective on shares of JB Hunt Transport Services in a report on Sunday, October 9th. Deutsche Bank AG started coverage on shares of JB Hunt Transport Services in a report on Wednesday, November 2nd. They set a “hold” rating and a $85.00 price objective on the stock. Barclays PLC cut their price objective on shares of JB Hunt Transport Services from $95.00 to $90.00 and set an “overweight” rating on the stock in a report on Monday, September 12th. Finally, Robert W. Baird reissued a “neutral” rating and set a $85.00 price objective on shares of JB Hunt Transport Services in a report on Friday, October 21st.

In other news, Chairman James K. Thompson sold 5,400 shares of the stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $79.52, for a total value of $429,408.00. Following the completion of the sale, the chairman now owns 60,346 shares of the company’s stock, valued at approximately $4,798,713.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 4.50% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the stock. Societe Generale purchased a new stake in JB Hunt Transport Services during the second quarter valued at $111,000. Global X Management Co. LLC boosted its stake in JB Hunt Transport Services by 89.9% in the third quarter. Global X Management Co. LLC now owns 1,390 shares of the company’s stock valued at $113,000 after buying an additional 658 shares during the period. MSI Financial Services Inc boosted its stake in JB Hunt Transport Services by 19.1% in the third quarter. MSI Financial Services Inc now owns 1,447 shares of the company’s stock valued at $117,000 after buying an additional 232 shares during the period. Pacer Advisors Inc. boosted its stake in JB Hunt Transport Services by 16.9% in the second quarter. Pacer Advisors Inc. now owns 1,685 shares of the company’s stock valued at $136,000 after buying an additional 243 shares during the period. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in JB Hunt Transport Services by 137.5% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,900 shares of the company’s stock valued at $154,000 after buying an additional 1,100 shares during the period. 70.80% of the stock is owned by institutional investors and hedge funds.

Shares of JB Hunt Transport Services (NASDAQ:JBHT) opened at 91.47 on Monday. JB Hunt Transport Services has a 12 month low of $63.58 and a 12 month high of $92.17. The stock has a 50 day moving average price of $82.43 and a 200-day moving average price of $81.73. The company has a market capitalization of $10.26 billion, a PE ratio of 24.18 and a beta of 0.79.

JB Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Monday, October 17th. The company reported $0.97 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by $0.06. The business had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.68 billion. JB Hunt Transport Services had a net margin of 6.68% and a return on equity of 32.24%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.99 earnings per share. Analysts forecast that JB Hunt Transport Services will post $3.77 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 18th. Stockholders of record on Friday, November 4th were paid a $0.22 dividend. The ex-dividend date was Wednesday, November 2nd. This represents a $0.88 annualized dividend and a dividend yield of 0.96%. JB Hunt Transport Services’s dividend payout ratio (DPR) is 23.28%.

About JB Hunt Transport Services

J.B. Hunt Transport Services, Inc is a holding company. The Company is a surface transportation, delivery, and logistics company in North America. The Company, through its subsidiaries, provides transportation and delivery services to various customers and consumers throughout the continental United States, Canada and Mexico.

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