J. B. Hunt (JBHT) Coverage Initiated at Stifel Nicolaus

Research analysts at Stifel Nicolaus started coverage on shares of J. B. Hunt (NASDAQ:JBHT) in a research note issued on Friday, Marketbeat Ratings reports. The brokerage set a “hold” rating and a $119.00 price target on the transportation company’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 8.25% from the company’s current price.

Other equities analysts have also issued reports about the company. Stephens reissued a “buy” rating and set a $140.00 price target on shares of J. B. Hunt in a research note on Friday, January 19th. Loop Capital reissued a “buy” rating and set a $145.00 price target on shares of J. B. Hunt in a research note on Friday, January 19th. KeyCorp reissued a “buy” rating and set a $125.00 price target on shares of J. B. Hunt in a research note on Friday, December 29th. Bank of America reissued a “buy” rating and set a $128.00 price target (up from $117.00) on shares of J. B. Hunt in a research note on Thursday, December 28th. Finally, BidaskClub raised J. B. Hunt from a “hold” rating to a “buy” rating in a research note on Saturday, December 9th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $121.95.

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Shares of J. B. Hunt stock opened at $109.93 on Friday. J. B. Hunt has a 12 month low of $83.35 and a 12 month high of $126.49. The company has a market cap of $12,065.26, a P/E ratio of 29.31, a PEG ratio of 1.65 and a beta of 0.93. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.45 and a quick ratio of 1.43.

J. B. Hunt (NASDAQ:JBHT) last announced its quarterly earnings results on Thursday, January 18th. The transportation company reported $3.48 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same period in the prior year, the company earned $1.05 earnings per share. The firm’s revenue was up 15.6% on a year-over-year basis. research analysts predict that J. B. Hunt will post 5.28 earnings per share for the current year.

In other news, Director Johnnie B. Hunt, Jr. sold 2,328 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The stock was 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 directly owns 70,697 shares of the company’s stock, valued at approximately $8,554,337. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Earl Wayne Garrison sold 21,344 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $125.79, for a total value of $2,684,861.76. The disclosure for this sale can be found here. 4.20% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of J. B. Hunt by 1.5% in the fourth quarter. BlackRock Inc. now owns 6,090,548 shares of the transportation company’s stock worth $700,293,000 after buying an additional 92,004 shares during the period. Geode Capital Management LLC raised its holdings in shares of J. B. Hunt by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 1,043,510 shares of the transportation company’s stock worth $119,760,000 after buying an additional 30,100 shares during the period. Franklin Resources Inc. raised its holdings in shares of J. B. Hunt by 13.0% in the fourth quarter. Franklin Resources Inc. now owns 828,349 shares of the transportation company’s stock worth $95,244,000 after buying an additional 95,505 shares during the period. TIAA CREF Investment Management LLC raised its holdings in shares of J. B. Hunt by 61.6% in the fourth quarter. TIAA CREF Investment Management LLC now owns 817,711 shares of the transportation company’s stock worth $94,020,000 after buying an additional 311,590 shares during the period. Finally, Congress Asset Management Co. MA raised its holdings in shares of J. B. Hunt by 2.8% in the fourth quarter. Congress Asset Management Co. MA now owns 790,953 shares of the transportation company’s stock worth $90,944,000 after buying an additional 21,502 shares during the period. Hedge funds and other institutional investors own 72.18% 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.

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

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