ValuEngine Upgrades J B Hunt Transport Services (NASDAQ:JBHT) to “Hold”

ValuEngine upgraded shares of J B Hunt Transport Services (NASDAQ:JBHT) from a sell rating to a hold rating in a report published on Wednesday morning, ValuEngine reports.

A number of other equities research analysts also recently commented on the company. Buckingham Research decreased their target price on Werner Enterprises from $43.00 to $42.00 and set a buy rating for the company in a report on Tuesday, April 2nd. UBS Group lifted their target price on Intact Financial from C$122.00 to C$133.00 in a report on Tuesday, June 18th. Stephens reaffirmed a buy rating and set a $43.00 target price on shares of PacWest Bancorp in a report on Tuesday, July 16th. Argus lifted their target price on QUALCOMM to $95.00 and gave the stock a buy rating in a report on Wednesday, April 17th. Finally, Cowen reaffirmed a buy rating and set a $258.00 target price on shares of Canadian Pacific Railway in a report on Tuesday, July 16th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of Hold and an average price target of $107.13.

Shares of NASDAQ JBHT opened at $103.74 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.44 and a current ratio of 1.30. The firm has a market capitalization of $10.79 billion, a P/E ratio of 18.30, a PEG ratio of 1.20 and a beta of 1.11. The business has a 50-day simple moving average of $90.25. J B Hunt Transport Services has a fifty-two week low of $83.64 and a fifty-two week high of $127.93.

J B Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Monday, July 15th. The transportation company reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.12). The business had revenue of $2.26 billion during 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%. J B Hunt Transport Services’s revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.37 EPS. On average, analysts expect that J B Hunt Transport Services will post 5.53 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Friday, August 2nd will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.00%. J B Hunt Transport Services’s dividend payout ratio is currently 18.34%.

In other news, Chairman James K. Thompson sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $97.33, for a total value of $194,660.00. Following the completion of the sale, the chairman now directly owns 41,679 shares in the company, valued at $4,056,617.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary Charles George acquired 5,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was acquired at an average price of $94.52 per share, with a total value of $472,600.00. Following the completion of the transaction, the director now directly owns 43,369 shares of the company’s stock, valued at $4,099,237.88. The disclosure for this purchase can be found here. 3.60% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the company. FTB Advisors Inc. purchased a new stake in shares of J B Hunt Transport Services during the first quarter worth approximately $25,000. Somerset Trust Co increased its position in shares of J B Hunt Transport Services by 169.1% during the first quarter. Somerset Trust Co now owns 296 shares of the transportation company’s stock worth $30,000 after purchasing an additional 186 shares in the last quarter. CSat Investment Advisory L.P. increased its position in shares of J B Hunt Transport Services by 116.0% during the fourth quarter. CSat Investment Advisory L.P. now owns 337 shares of the transportation company’s stock worth $31,000 after purchasing an additional 181 shares in the last quarter. Thor Advisors LLC purchased a new stake in shares of J B Hunt Transport Services during the first quarter worth approximately $35,000. Finally, Pearl River Capital LLC increased its position in shares of J B Hunt Transport Services by 267.0% during the first quarter. Pearl River Capital LLC now owns 668 shares of the transportation company’s stock worth $68,000 after purchasing an additional 486 shares in the last quarter. Institutional investors and hedge funds own 72.91% 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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Analyst Recommendations for J B Hunt Transport Services (NASDAQ:JBHT)

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