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 morning, ValuEngine reports.

Several other analysts also recently commented on JBHT. Stephens raised their price objective on shares of J B Hunt Transport Services from $107.00 to $110.00 and gave the stock an overweight rating in a research report on Tuesday, July 16th. Bank of America downgraded shares of J B Hunt Transport Services from a buy rating to a neutral rating and reduced their price objective for the stock from $110.00 to $95.00 in a research report on Tuesday, May 28th. Morgan Stanley set a $88.00 price objective on shares of J B Hunt Transport Services and gave the stock a hold rating in a research report on Monday, July 8th. Stifel Nicolaus raised their price objective on shares of J B Hunt Transport Services from $95.00 to $104.00 and gave the stock a hold rating in a research report on Tuesday, July 16th. Finally, Deutsche Bank set a $82.00 price objective on shares of J B Hunt Transport Services and gave the stock a sell rating in a research report on Thursday, July 11th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $107.13.

Shares of JBHT stock traded up $0.92 during trading hours on Tuesday, hitting $115.42. 16,949 shares of the company were exchanged, compared to its average volume of 916,389. The firm has a market cap of $12.41 billion, a P/E ratio of 20.36, a P/E/G ratio of 1.41 and a beta of 1.14. J B Hunt Transport Services has a fifty-two week low of $83.64 and a fifty-two week high of $126.88. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.30 and a current ratio of 1.30. The company has a 50 day simple moving average of $102.98 and a two-hundred day simple moving average of $98.15.

J B Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Monday, July 15th. The transportation company reported $1.23 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.12). The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. J B Hunt Transport Services had a return on equity of 29.35% and a net margin of 5.33%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the business earned $1.37 EPS. As a group, sell-side analysts expect that J B Hunt Transport Services will post 5.51 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 2nd were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend was Thursday, August 1st. J B Hunt Transport Services’s payout ratio is currently 18.34%.

In related news, EVP Darren P. Field sold 1,200 shares of J B Hunt Transport Services stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $99.07, for a total value of $118,884.00. Following the completion of the sale, the executive vice president now owns 8,144 shares of the company’s stock, valued at approximately $806,826.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Stuart Lockard Scott sold 10,000 shares of J B Hunt Transport Services stock in a transaction on Friday, July 26th. The shares were sold at an average price of $102.51, for a total transaction of $1,025,100.00. Following the completion of the sale, the executive vice president now directly owns 16,171 shares of the company’s stock, valued at approximately $1,657,689.21. The disclosure for this sale can be found here. In the last three months, insiders sold 83,126 shares of company stock valued at $8,971,721. 3.60% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the business. Dalton Greiner Hartman Maher & Co. lifted its stake in J B Hunt Transport Services by 226.0% during the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 10,675 shares of the transportation company’s stock valued at $976,000 after acquiring an additional 7,400 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in J B Hunt Transport Services by 4.3% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 16,837 shares of the transportation company’s stock valued at $1,539,000 after acquiring an additional 697 shares in the last quarter. Treasurer of the State of North Carolina lifted its stake in J B Hunt Transport Services by 15.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 41,626 shares of the transportation company’s stock valued at $3,805,000 after acquiring an additional 5,600 shares in the last quarter. Vestmark Advisory Solutions Inc. lifted its stake in J B Hunt Transport Services by 26.8% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 4,527 shares of the transportation company’s stock valued at $414,000 after acquiring an additional 958 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new position in J B Hunt Transport Services during the 2nd quarter valued at $27,881,000. Institutional investors and hedge funds own 73.89% of the company’s stock.

About J B Hunt Transport Services

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 in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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