JB Hunt Transport Services Inc. (JBHT) Now Covered by Analysts at Loop Capital
Research analysts at Loop Capital initiated coverage on shares of JB Hunt Transport Services Inc. (NASDAQ:JBHT) in a report issued on Tuesday. The firm set a “buy” rating and a $100.00 price target on the stock. Loop Capital’s price target suggests a potential upside of 9.09% from the company’s previous close.
Other equities analysts also recently issued reports about the company. Buckingham Research raised JB Hunt Transport Services from a “neutral” rating to a “buy” rating and set a $95.00 price target for the company in a report on Tuesday, July 26th. Zacks Investment Research raised JB Hunt Transport Services from a “sell” rating to a “hold” rating in a report on Wednesday, August 17th. Barclays PLC lowered their price target on JB Hunt Transport Services from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, September 12th. Robert W. Baird reaffirmed a “neutral” rating and issued a $85.00 price target on shares of JB Hunt Transport Services in a report on Friday, October 21st. Finally, KeyCorp reaffirmed a “buy” rating and issued a $92.00 price target on shares of JB Hunt Transport Services in a report on Sunday, October 9th. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $92.06.
JB Hunt Transport Services (NASDAQ:JBHT) traded up 0.10% during trading on Tuesday, reaching $91.76. 220,507 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $82.97 and a 200-day moving average of $81.85. The stock has a market capitalization of $10.29 billion, a PE ratio of 24.26 and a beta of 0.79. JB Hunt Transport Services has a 52 week low of $63.58 and a 52 week high of $92.39.
JB Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Monday, October 17th. The company reported $0.97 EPS for the quarter, missing the Zacks’ consensus estimate of $1.03 by $0.06. JB Hunt Transport Services had a return on equity of 32.24% and a net margin of 6.68%. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period in the prior year, the firm posted $0.99 earnings per share. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, equities research analysts anticipate that JB Hunt Transport Services will post $3.77 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Friday, November 4th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.96%. The ex-dividend date was Wednesday, November 2nd. JB Hunt Transport Services’s dividend payout ratio (DPR) is 23.28%.
In other JB Hunt Transport Services news, Chairman James K. Thompson sold 5,400 shares of the company’s stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $79.52, for a total value of $429,408.00. Following the sale, the chairman now owns 60,346 shares of the company’s stock, valued at $4,798,713.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.50% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of JBHT. Bank of Montreal Can bought a new stake in JB Hunt Transport Services during the second quarter worth approximately $37,659,000. Public Employees Retirement Association of Colorado raised its stake in JB Hunt Transport Services by 21.4% in the second quarter. Public Employees Retirement Association of Colorado now owns 171,169 shares of the company’s stock worth $13,853,000 after buying an additional 30,159 shares during the last quarter. Trillium Asset Management LLC raised its stake in JB Hunt Transport Services by 1.1% in the second quarter. Trillium Asset Management LLC now owns 170,672 shares of the company’s stock worth $13,812,000 after buying an additional 1,912 shares during the last quarter. Ngam Advisors L.P. raised its stake in JB Hunt Transport Services by 4.6% in the second quarter. Ngam Advisors L.P. now owns 153,450 shares of the company’s stock worth $12,419,000 after buying an additional 6,760 shares during the last quarter. Finally, First Republic Investment Management Inc. raised its stake in JB Hunt Transport Services by 27.7% in the first quarter. First Republic Investment Management Inc. now owns 7,949 shares of the company’s stock worth $670,000 after buying an additional 1,726 shares during the last quarter. 73.12% of the stock is currently owned by institutional investors and hedge funds.
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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