JB Hunt Transport Services Inc. (JBHT) PT Raised to $99.00 at KeyCorp
JB Hunt Transport Services Inc. (NASDAQ:JBHT) had its target price increased by investment analysts at KeyCorp from $89.00 to $99.00 in a research note issued to investors on Tuesday. The firm currently has an “overweight” rating on the stock. KeyCorp’s target price suggests a potential upside of 3.81% from the company’s current price.
Several other equities research analysts also recently issued reports on the company. Loop Capital assumed coverage on JB Hunt Transport Services in a research note on Tuesday, November 22nd. They issued a “buy” rating and a $100.00 price objective for the company. Deutsche Bank AG assumed coverage on JB Hunt Transport Services in a research note on Wednesday, November 2nd. They issued a “hold” rating and a $85.00 price objective for the company. Zacks Investment Research raised JB Hunt Transport Services from a “sell” rating to a “hold” rating in a research note on Wednesday, October 26th. Robert W. Baird reissued a “neutral” rating and issued a $85.00 price objective on shares of JB Hunt Transport Services in a research note on Friday, October 21st. Finally, Barclays PLC reduced their price objective on JB Hunt Transport Services from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Monday, September 12th. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $92.47.
JB Hunt Transport Services (NASDAQ:JBHT) opened at 95.37 on Tuesday. The stock has a market cap of $10.70 billion, a PE ratio of 25.21 and a beta of 0.79. The firm has a 50-day moving average price of $84.34 and a 200-day moving average price of $82.10. JB Hunt Transport Services has a 12-month low of $63.58 and a 12-month high of $94.14.
JB Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Monday, October 17th. The company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by $0.06. The business earned $1.69 billion during the quarter, compared to analysts’ expectations of $1.68 billion. JB Hunt Transport Services had a return on equity of 32.24% and a net margin of 6.68%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.99 earnings per share. Analysts forecast that JB Hunt Transport Services will post $3.77 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Friday, November 4th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date was Wednesday, November 2nd. JB Hunt Transport Services’s dividend payout ratio (DPR) is currently 23.28%.
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In other JB Hunt Transport Services news, Chairman James K. Thompson sold 5,400 shares of the firm’s stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $79.52, for a total value of $429,408.00. Following the sale, the chairman now owns 60,346 shares of the company’s stock, valued at approximately $4,798,713.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 4.50% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in JBHT. Vanguard Group Inc. raised its stake in JB Hunt Transport Services by 1.4% in the second quarter. Vanguard Group Inc. now owns 8,671,548 shares of the company’s stock worth $701,789,000 after buying an additional 122,656 shares during the period. Atlanta Capital Management Co. L L C raised its stake in JB Hunt Transport Services by 19.0% in the second quarter. Atlanta Capital Management Co. L L C now owns 2,988,075 shares of the company’s stock worth $241,825,000 after buying an additional 476,458 shares during the period. Capital Research Global Investors raised its stake in JB Hunt Transport Services by 10.7% in the third quarter. Capital Research Global Investors now owns 2,528,041 shares of the company’s stock worth $205,125,000 after buying an additional 244,338 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in JB Hunt Transport Services by 0.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,524,870 shares of the company’s stock worth $204,868,000 after buying an additional 12,858 shares during the period. Finally, BlackRock Fund Advisors raised its stake in JB Hunt Transport Services by 5.4% in the third quarter. BlackRock Fund Advisors now owns 1,953,682 shares of the company’s stock worth $158,522,000 after buying an additional 100,058 shares during the period. 71.13% of the stock is currently owned by hedge funds and other institutional investors.
About JB Hunt Transport Services
J.B. Hunt Transport Services, Inc is a holding company. The Company is a surface transportation, delivery, and logistics company in North America. The Company, through its subsidiaries, provides transportation and delivery services to various customers and consumers throughout the continental United States, Canada and Mexico.
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