Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) have been given an average recommendation of “Hold” by the seventeen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $98.73.

A number of equities research analysts have recently weighed in on JBHT shares. Zacks Investment Research lowered shares of J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a report on Monday, May 15th. J P Morgan Chase & Co started coverage on shares of J.B. Hunt Transport Services in a report on Tuesday, May 23rd. They issued an “overweight” rating and a $107.00 price objective on the stock. Stifel Nicolaus restated a “hold” rating and issued a $88.00 price objective on shares of J.B. Hunt Transport Services in a report on Friday, June 23rd. BidaskClub upgraded shares of J.B. Hunt Transport Services from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 28th. Finally, Bank of America Corporation reiterated a “buy” rating and set a $109.00 price target (up from $98.00) on shares of J.B. Hunt Transport Services in a research note on Monday, July 10th.

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In other news, Chairman James K. Thompson sold 8,503 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $91.76, for a total value of $780,235.28. Following the sale, the chairman now owns 51,846 shares of the company’s stock, valued at $4,757,388.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP John Kuhlow sold 810 shares of J.B. Hunt Transport Services stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $93.71, for a total transaction of $75,905.10. Following the completion of the sale, the senior vice president now directly owns 3,999 shares in the company, valued at approximately $374,746.29. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,148 shares of company stock worth $3,433,555. Insiders own 4.30% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. YorkBridge Wealth Partners LLC increased its stake in shares of J.B. Hunt Transport Services by 6.6% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,097 shares of the transportation company’s stock valued at $102,000 after buying an additional 68 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in shares of J.B. Hunt Transport Services by 3.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,296 shares of the transportation company’s stock valued at $119,000 after buying an additional 43 shares during the last quarter. Farmers & Merchants Investments Inc. increased its stake in shares of J.B. Hunt Transport Services by 1.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 1,420 shares of the transportation company’s stock valued at $130,000 after buying an additional 20 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of J.B. Hunt Transport Services by 6.9% in the first quarter. Van ECK Associates Corp now owns 1,468 shares of the transportation company’s stock valued at $135,000 after buying an additional 95 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC increased its stake in shares of J.B. Hunt Transport Services by 3.1% in the second quarter. Paradigm Asset Management Co. LLC now owns 1,650 shares of the transportation company’s stock valued at $151,000 after buying an additional 50 shares during the last quarter. 73.14% of the stock is currently owned by institutional investors and hedge funds.

Shares of J.B. Hunt Transport Services (JBHT) traded up 1.55% on Tuesday, hitting $98.06. The stock had a trading volume of 483,257 shares. The company has a 50-day moving average of $93.02 and a 200-day moving average of $91.89. J.B. Hunt Transport Services has a 52-week low of $76.20 and a 52-week high of $102.38. The company has a market cap of $10.73 billion, a P/E ratio of 25.72 and a beta of 0.94.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Monday, July 17th. The transportation company reported $0.88 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.92 by $0.04. J.B. Hunt Transport Services had a net margin of 6.32% and a return on equity of 30.00%. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the business posted $0.92 earnings per share. J.B. Hunt Transport Services’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, equities analysts anticipate that J.B. Hunt Transport Services will post $3.88 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Monday, August 7th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Thursday, August 3rd. J.B. Hunt Transport Services’s payout ratio is 24.08%.

About J.B. Hunt Transport Services

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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