J. B. Hunt (NASDAQ:JBHT) – Equities researchers at KeyCorp cut their Q2 2018 EPS estimates for J. B. Hunt in a report released on Monday, April 16th. KeyCorp analyst T. Fowler now anticipates that the transportation company will post earnings of $1.22 per share for the quarter, down from their prior estimate of $1.23. KeyCorp currently has a “Equal Weight” rating on the stock. KeyCorp also issued estimates for J. B. Hunt’s Q3 2018 earnings at $1.41 EPS, Q4 2018 earnings at $1.55 EPS and FY2019 earnings at $6.15 EPS.
J. B. Hunt (NASDAQ:JBHT) last announced its quarterly earnings data on Monday, April 16th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.07. J. B. Hunt had a return on equity of 27.42% and a net margin of 9.35%. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the prior year, the firm posted $0.92 earnings per share. J. B. Hunt’s revenue for the quarter was up 19.6% compared to the same quarter last year.
Other analysts have also recently issued research reports about the company. Credit Suisse Group upped their price objective on 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 reiterated a “hold” rating and set a $123.00 price target on shares of J. B. Hunt in a research report on Monday. Stifel Nicolaus increased their price target on J. B. Hunt from $119.00 to $122.00 and gave the stock a “hold” rating in a research report on Tuesday. BidaskClub cut J. B. Hunt from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 31st. Finally, Goldman Sachs assumed coverage on J. B. Hunt in a research report on Tuesday, April 10th. They set a “sell” rating and a $102.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $124.50.
Shares of NASDAQ JBHT opened at $119.17 on Wednesday. J. B. Hunt has a 52-week low of $83.35 and a 52-week high of $126.49. The company has a market cap of $13,143.10, a price-to-earnings ratio of 31.86, a PEG ratio of 1.79 and a beta of 0.93. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.43 and a current ratio of 1.45.
In related news, Director Earl Wayne Garrison sold 21,344 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $125.79, for a total value of $2,684,861.76. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Johnnie B. Hunt, Jr. sold 2,328 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $121.00, for a total value of $281,688.00. Following the completion of the sale, the director now owns 70,697 shares in the company, valued at $8,554,337. The disclosure for this sale can be found here. 4.20% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. increased its position in J. B. Hunt by 32.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 29,119 shares of the transportation company’s stock valued at $3,348,000 after acquiring an additional 7,172 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in J. B. Hunt by 13.1% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 38,285 shares of the transportation company’s stock valued at $4,402,000 after purchasing an additional 4,434 shares in the last quarter. We Are One Seven LLC bought a new position in J. B. Hunt during the 4th quarter valued at $413,000. MetLife Investment Advisors LLC bought a new position in J. B. Hunt during the 4th quarter valued at $3,045,000. Finally, Soapstone Management L.P. bought a new position in J. B. Hunt during the 4th quarter valued at $4,992,000. Hedge funds and other institutional investors own 72.25% of the company’s stock.
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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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