J.B. Hunt Transport Services (NASDAQ:JBHT) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of J.B. Hunt Transport Services (NASDAQ:JBHT) from a buy rating to a hold rating in a research report report published on Monday,Wall Street Zen reports.

Several other research analysts have also recently commented on JBHT. Raymond James Financial reduced their target price on J.B. Hunt Transport Services from $315.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, September 17th. BMO Capital Markets reissued an “outperform” rating on shares of J.B. Hunt Transport Services in a report on Wednesday, September 16th. Zacks Research lowered shares of J.B. Hunt Transport Services from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. Stephens increased their price objective on shares of J.B. Hunt Transport Services from $360.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Finally, Citizens Jmp raised shares of J.B. Hunt Transport Services from a “market perform” rating to an “outperform” rating and set a $300.00 price objective for the company in a report on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and a consensus target price of $284.17.

J.B. Hunt Transport Services Trading Up 0.8%

Shares of JBHT opened at $236.17 on Monday. The stock’s 50-day moving average price is $271.09 and its 200 day moving average price is $256.60. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $22.18 billion, a price-to-earnings ratio of 33.45, a P/E/G ratio of 1.88 and a beta of 1.29. J.B. Hunt Transport Services has a 12-month low of $130.12 and a 12-month high of $299.76.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.20. The company had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.26 billion. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.The company’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter last year, the company earned $1.31 EPS. As a group, research analysts predict that J.B. Hunt Transport Services will post 7.58 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $1.80 annualized dividend and a yield of 0.8%. J.B. Hunt Transport Services’s payout ratio is currently 25.50%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of JBHT. BlackRock Inc. bought a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter worth about $1,833,602,000. Jupiter Topco LLC bought a new position in J.B. Hunt Transport Services during the 2nd quarter valued at about $891,349,000. Janus Henderson Group PLC lifted its holdings in J.B. Hunt Transport Services by 1.1% during the 1st quarter. Janus Henderson Group PLC now owns 3,982,720 shares of the transportation company’s stock valued at $843,937,000 after purchasing an additional 41,887 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in J.B. Hunt Transport Services by 64.7% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,056,398 shares of the transportation company’s stock valued at $305,753,000 after buying an additional 414,837 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new position in J.B. Hunt Transport Services in the second quarter valued at about $287,581,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a transportation and logistics company headquartered in Lowell, Arkansas. Through its operating segments, the company provides freight transportation, logistics and supply-chain services to customers across North America.

Its principal businesses include intermodal transportation, which combines rail and trucking; dedicated contract services, which provides customized transportation and fleet-management solutions; and integrated capacity solutions, which matches customer freight with available transportation capacity.