ValuEngine upgraded shares of J B Hunt Transport Services (NASDAQ:JBHT) from a hold rating to a buy rating in a research report sent to investors on Tuesday.

A number of other brokerages have also recently weighed in on JBHT. Zacks Investment Research cut shares of J B Hunt Transport Services from a buy rating to a hold rating in a research report on Thursday, July 19th. BidaskClub cut shares of J B Hunt Transport Services from a hold rating to a sell rating in a research report on Thursday, July 19th. Loop Capital set a $151.00 price target on shares of J B Hunt Transport Services and gave the company a buy rating in a research report on Monday, July 16th. Stifel Nicolaus lifted their price target on shares of J B Hunt Transport Services from $122.00 to $123.00 and gave the company a hold rating in a research report on Tuesday, July 17th. Finally, Credit Suisse Group lifted their price target on shares of J B Hunt Transport Services from $140.00 to $143.00 and gave the company an outperform rating in a research report on Tuesday, July 17th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $129.74.

Shares of JBHT stock opened at $123.87 on Tuesday. The company has a market cap of $13.70 billion, a price-to-earnings ratio of 33.12, a price-to-earnings-growth ratio of 1.54 and a beta of 0.92. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.13 and a current ratio of 1.13. J B Hunt Transport Services has a fifty-two week low of $99.33 and a fifty-two week high of $131.74.

J B Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Monday, July 16th. The transportation company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.09. The firm had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.05 billion. J B Hunt Transport Services had a net margin of 9.54% and a return on equity of 26.63%. J B Hunt Transport Services’s revenue was up 23.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.88 earnings per share. equities research analysts anticipate that J B Hunt Transport Services will post 5.42 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 17th. Stockholders of record on Friday, August 3rd were given a dividend of $0.24 per share. The ex-dividend date was Thursday, August 2nd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.78%. J B Hunt Transport Services’s payout ratio is currently 25.67%.

In other news, EVP Bradley W. Hicks sold 500 shares of the business’s stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $122.43, for a total transaction of $61,215.00. Following the transaction, the executive vice president now directly owns 16,900 shares of the company’s stock, valued at $2,069,067. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Terrence D. Matthews sold 5,163 shares of the business’s stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $122.11, for a total transaction of $630,453.93. Following the transaction, the executive vice president now directly owns 23,810 shares in the company, valued at $2,907,439.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,018 shares of company stock worth $4,630,817. Corporate insiders own 4.20% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. increased its stake in shares of J B Hunt Transport Services by 2.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 17,967 shares of the transportation company’s stock worth $2,184,000 after buying an additional 469 shares during the last quarter. Cookson Peirce & Co. Inc. increased its stake in shares of J B Hunt Transport Services by 27.5% in the second quarter. Cookson Peirce & Co. Inc. now owns 2,600 shares of the transportation company’s stock worth $316,000 after buying an additional 560 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of J B Hunt Transport Services by 186.8% in the second quarter. Tower Research Capital LLC TRC now owns 915 shares of the transportation company’s stock worth $111,000 after buying an additional 596 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of J B Hunt Transport Services by 3.8% in the second quarter. CIBC Asset Management Inc now owns 17,225 shares of the transportation company’s stock worth $2,094,000 after buying an additional 634 shares during the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in shares of J B Hunt Transport Services by 32.9% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 2,870 shares of the transportation company’s stock worth $349,000 after buying an additional 710 shares during the last quarter. 73.42% of the stock is currently owned by institutional investors and hedge funds.

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 through 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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