BidaskClub Downgrades J B Hunt Transport Services (NASDAQ:JBHT) to Sell

BidaskClub downgraded shares of J B Hunt Transport Services (NASDAQ:JBHT) from a hold rating to a sell rating in a research report report published on Friday, BidAskClub reports.

Several other analysts also recently commented on JBHT. Argus reaffirmed a hold rating on shares of J B Hunt Transport Services in a report on Thursday, October 17th. ValuEngine cut shares of J B Hunt Transport Services from a buy rating to a hold rating in a report on Friday, September 20th. Loop Capital downgraded shares of J B Hunt Transport Services from a buy rating to a hold rating in a research report on Wednesday, September 11th. They noted that the move was a valuation call. Citigroup set a $120.00 price objective on J B Hunt Transport Services and gave the stock a hold rating in a report on Thursday, September 12th. Finally, Stephens set a $124.00 target price on J B Hunt Transport Services and gave the company a buy rating in a research report on Friday, September 27th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $110.29.

JBHT opened at $114.49 on Friday. The stock’s fifty day simple moving average is $116.75 and its 200 day simple moving average is $104.24. J B Hunt Transport Services has a 1-year low of $83.64 and a 1-year high of $122.29. The stock has a market cap of $12.20 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 1.41 and a beta of 1.12. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.59.

J B Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.45 by ($0.05). The company had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.34 billion. J B Hunt Transport Services had a net margin of 5.46% and a return on equity of 28.45%. J B Hunt Transport Services’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.47 earnings per share. Equities analysts forecast that J B Hunt Transport Services will post 5.42 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a $0.26 dividend. The ex-dividend date was Thursday, November 7th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.91%. J B Hunt Transport Services’s payout ratio is 18.34%.

In related news, EVP Bradley W. Hicks sold 1,500 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $116.67, for a total transaction of $175,005.00. Following the sale, the executive vice president now owns 16,193 shares of the company’s stock, valued at $1,889,237.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Darren P. Field sold 3,800 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $115.58, for a total value of $439,204.00. Following the transaction, the executive vice president now owns 4,344 shares in the company, valued at approximately $502,079.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 129,975 shares of company stock valued at $15,530,972. 3.60% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its stake in J B Hunt Transport Services by 64.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 16,549,237 shares of the transportation company’s stock valued at $1,512,766,000 after purchasing an additional 6,466,645 shares in the last quarter. Vanguard Group Inc. increased its holdings in J B Hunt Transport Services by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 10,146,700 shares of the transportation company’s stock valued at $927,510,000 after buying an additional 119,590 shares during the period. Atlanta Capital Management Co. L L C increased its holdings in J B Hunt Transport Services by 20.2% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 4,209,332 shares of the transportation company’s stock valued at $384,775,000 after buying an additional 706,693 shares during the period. Invesco Ltd. increased its holdings in J B Hunt Transport Services by 5.8% in the 2nd quarter. Invesco Ltd. now owns 1,626,291 shares of the transportation company’s stock valued at $148,660,000 after buying an additional 89,524 shares during the period. Finally, Northern Trust Corp raised its position in shares of J B Hunt Transport Services by 1.6% in the 2nd quarter. Northern Trust Corp now owns 1,015,011 shares of the transportation company’s stock valued at $92,781,000 after buying an additional 16,048 shares in the last quarter. Hedge funds and other institutional investors own 75.38% 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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