J. B. Hunt (JBHT) Upgraded to “Strong-Buy” by BidaskClub

BidaskClub upgraded shares of J. B. Hunt (NASDAQ:JBHT) from a buy rating to a strong-buy rating in a research report report published on Saturday morning.

Several other equities research analysts also recently commented on JBHT. Zacks Investment Research downgraded J. B. Hunt from a buy rating to a hold rating in a report on Tuesday, March 13th. Argus assumed coverage on J. B. Hunt in a report on Tuesday, March 20th. They issued a buy rating and a $150.00 target price on the stock. Cowen reissued a market perform rating and issued a $124.00 target price (down from $127.00) on shares of J. B. Hunt in a report on Monday, January 29th. Robert W. Baird reissued a hold rating and issued a $120.00 target price on shares of J. B. Hunt in a report on Friday, December 29th. Finally, Stephens reissued a buy rating and issued a $135.00 target price on shares of J. B. Hunt in a report on Wednesday, January 3rd. Ten equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $120.45.

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Shares of JBHT stock opened at $118.00 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.45 and a debt-to-equity ratio of 0.59. J. B. Hunt has a 1-year low of $83.35 and a 1-year high of $126.49. The company has a market capitalization of $12,950.97, a price-to-earnings ratio of 31.47, a price-to-earnings-growth ratio of 1.77 and a beta of 0.96.

J. B. Hunt (NASDAQ:JBHT) last released its earnings results on Thursday, January 18th. The transportation company reported $3.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $2.45. J. B. Hunt had a return on equity of 27.32% and a net margin of 9.55%. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the previous year, the company posted $1.05 earnings per share. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. sell-side analysts anticipate that J. B. Hunt will post 5.27 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were issued a dividend of $0.24 per share. This is an increase from J. B. Hunt’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was Thursday, February 8th. J. B. Hunt’s dividend payout ratio is presently 15.51%.

In related news, Director Earl Wayne Garrison sold 21,344 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $125.79, for a total transaction of $2,684,861.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Johnnie B. Hunt, Jr. sold 2,328 shares of the company’s stock in a transaction 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 sale, the director now owns 70,697 shares of the company’s stock, valued at approximately $8,554,337. The disclosure for this sale can be found here. Corporate insiders own 4.20% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in J. B. Hunt by 1.5% during the fourth quarter. BlackRock Inc. now owns 6,090,548 shares of the transportation company’s stock valued at $700,293,000 after acquiring an additional 92,004 shares during the last quarter. Geode Capital Management LLC increased its position in J. B. Hunt by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 1,043,510 shares of the transportation company’s stock valued at $119,760,000 after acquiring an additional 30,100 shares during the last quarter. Westfield Capital Management Co. LP increased its position in J. B. Hunt by 27.6% during the third quarter. Westfield Capital Management Co. LP now owns 841,450 shares of the transportation company’s stock valued at $93,468,000 after acquiring an additional 182,207 shares during the last quarter. Franklin Resources Inc. increased its position in J. B. Hunt by 13.0% during the fourth quarter. Franklin Resources Inc. now owns 828,349 shares of the transportation company’s stock valued at $95,244,000 after acquiring an additional 95,505 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in J. B. Hunt by 61.6% during the fourth quarter. TIAA CREF Investment Management LLC now owns 817,711 shares of the transportation company’s stock valued at $94,020,000 after acquiring an additional 311,590 shares during the last quarter. Institutional investors own 72.18% of the company’s stock.

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About J. B. Hunt

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.

Analyst Recommendations for J. B. Hunt (NASDAQ:JBHT)

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