Argus initiated coverage on shares of J. B. Hunt (NASDAQ:JBHT) in a research note published on Tuesday, Marketbeat reports. The firm issued a buy rating and a $150.00 price target on the transportation company’s stock.
JBHT has been the topic of a number of other reports. Credit Suisse Group lifted their price objective on shares of J. B. Hunt from $129.00 to $131.00 and gave the company an outperform rating in a research note on Tuesday, January 30th. Cowen restated a hold rating and issued a $127.00 price objective on shares of J. B. Hunt in a research note on Friday, January 19th. BidaskClub upgraded shares of J. B. Hunt from a hold rating to a buy rating in a research note on Saturday, February 10th. Zacks Investment Research lowered shares of J. B. Hunt from a buy rating to a hold rating in a research note on Tuesday, March 13th. Finally, Stephens restated a buy rating and issued a $135.00 price objective on shares of J. B. Hunt in a research note on Wednesday, January 3rd. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. J. B. Hunt currently has an average rating of Buy and a consensus price target of $120.45.
J. B. Hunt (NASDAQ:JBHT) opened at $118.82 on Tuesday. The company has a quick ratio of 1.43, a current ratio of 1.45 and a debt-to-equity ratio of 0.59. The company has a market cap of $13,235.29, a price-to-earnings ratio of 32.16, a price-to-earnings-growth ratio of 1.81 and a beta of 0.96. J. B. Hunt has a one year low of $83.35 and a one year high of $126.49.
J. B. Hunt (NASDAQ:JBHT) last posted its quarterly earnings data on Thursday, January 18th. The transportation company reported $3.48 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $2.45. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.93 billion. J. B. Hunt had a net margin of 9.55% and a return on equity of 27.32%. J. B. Hunt’s quarterly revenue was up 15.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.05 earnings per share. equities research analysts anticipate that J. B. Hunt will post 5.27 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.81%. This is a positive change from J. B. Hunt’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Thursday, February 8th. J. B. Hunt’s payout ratio is 15.51%.
In other news, Director Johnnie B. Hunt, Jr. sold 2,328 shares of the business’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $121.00, for a total transaction of $281,688.00. Following the transaction, the director now directly owns 70,697 shares in the company, valued at $8,554,337. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Earl Wayne Garrison sold 21,344 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $125.79, for a total transaction of $2,684,861.76. The disclosure for this sale can be found here. Insiders own 4.20% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in JBHT. Assetmark Inc. boosted its holdings in J. B. Hunt by 422.9% during the fourth quarter. Assetmark Inc. now owns 1,574 shares of the transportation company’s stock worth $181,000 after buying an additional 1,273 shares in the last quarter. First Allied Advisory Services Inc. purchased a new stake in J. B. Hunt during the third quarter worth about $211,000. Advisory Services Network LLC boosted its holdings in J. B. Hunt by 2,190.7% during the fourth quarter. Advisory Services Network LLC now owns 2,222 shares of the transportation company’s stock worth $255,000 after buying an additional 2,125 shares in the last quarter. Driehaus Capital Management LLC purchased a new stake in J. B. Hunt during the fourth quarter worth about $276,000. Finally, Tower Research Capital LLC TRC boosted its holdings in J. B. Hunt by 312.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,758 shares of the transportation company’s stock worth $317,000 after buying an additional 2,089 shares in the last quarter. 72.18% of the stock is currently owned by hedge funds and other institutional investors.
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J. B. Hunt Company Profile
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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