J B Hunt Transport Services Inc (JBHT) Given Consensus Recommendation of “Buy” by Analysts

J B Hunt Transport Services Inc (NASDAQ:JBHT) has received an average recommendation of “Buy” from the sixteen brokerages that are covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $97.00.

JBHT has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of J B Hunt Transport Services from a “hold” rating to a “sell” rating in a research report on Tuesday, February 14th. Credit Suisse Group AG reissued an “outperform” rating and issued a $107.00 target price (up previously from $102.00) on shares of J B Hunt Transport Services in a research report on Monday, March 6th. BMO Capital Markets reissued a “hold” rating and issued a $96.00 target price (down previously from $100.00) on shares of J B Hunt Transport Services in a research report on Friday, March 31st. Vertical Research initiated coverage on shares of J B Hunt Transport Services in a research report on Thursday, April 13th. They issued a “hold” rating and a $92.00 target price for the company. Finally, Stifel Nicolaus dropped their target price on shares of J B Hunt Transport Services from $97.00 to $88.00 and set a “hold” rating for the company in a research report on Wednesday, April 19th.

Shares of J B Hunt Transport Services (NASDAQ:JBHT) traded down 0.30% during trading on Tuesday, hitting $86.24. The company’s stock had a trading volume of 695,844 shares. J B Hunt Transport Services has a 52 week low of $75.71 and a 52 week high of $102.38. The firm’s 50 day moving average price is $87.33 and its 200-day moving average price is $93.96. The company has a market cap of $9.48 billion, a PE ratio of 22.39 and a beta of 0.81.

J B Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Monday, April 17th. The transportation company reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.06. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. J B Hunt Transport Services had a net margin of 6.60% and a return on equity of 30.96%. The company’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.88 EPS. On average, analysts predict that J B Hunt Transport Services will post $3.97 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 19th. Stockholders of record on Friday, May 5th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend was Wednesday, May 3rd. J B Hunt Transport Services’s dividend payout ratio is currently 24.08%.

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In other news, SVP John Kuhlow sold 500 shares of the company’s stock in a transaction that occurred on Friday, March 10th. The shares were sold at an average price of $96.68, for a total value of $48,340.00. Following the completion of the sale, the senior vice president now directly owns 3,999 shares of the company’s stock, valued at approximately $386,623.32. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 4.50% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in J B Hunt Transport Services by 2,611.8% in the first quarter. BlackRock Inc. now owns 6,252,515 shares of the transportation company’s stock valued at $573,604,000 after buying an additional 6,021,944 shares in the last quarter. Norges Bank acquired a new stake in J B Hunt Transport Services during the fourth quarter valued at approximately $110,378,000. Hitchwood Capital Management LP acquired a new stake in J B Hunt Transport Services during the third quarter valued at approximately $73,026,000. FMR LLC raised its stake in J B Hunt Transport Services by 15.0% in the fourth quarter. FMR LLC now owns 5,279,051 shares of the transportation company’s stock valued at $512,437,000 after buying an additional 689,076 shares in the last quarter. Finally, Congress Asset Management Co. MA acquired a new stake in J B Hunt Transport Services during the fourth quarter valued at approximately $62,532,000. 71.47% of the stock is owned by institutional investors and hedge funds.

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.

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