J B Hunt Transport Services (JBHT) Downgraded by Deutsche Bank to “Sell”

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Deutsche Bank cut shares of J B Hunt Transport Services (NASDAQ:JBHT) from a buy rating to a sell rating in a research note released on Wednesday morning, Benzinga reports. Deutsche Bank currently has $98.51 price objective on the transportation company’s stock.

JBHT has been the subject of several other reports. Morgan Stanley reduced their price target on J B Hunt Transport Services from $118.00 to $113.00 and set an equal weight rating for the company in a report on Monday, January 7th. Stifel Nicolaus reduced their price target on J B Hunt Transport Services from $115.00 to $107.00 and set a hold rating for the company in a report on Tuesday, April 16th. Zacks Investment Research raised J B Hunt Transport Services from a hold rating to a buy rating and set a $119.00 price target for the company in a report on Wednesday, January 23rd. BidaskClub raised J B Hunt Transport Services from a strong sell rating to a sell rating in a report on Friday, March 29th. Finally, Cowen reissued a market perform rating and issued a $122.00 price target (down from $129.00) on shares of J B Hunt Transport Services in a report on Friday, January 18th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. J B Hunt Transport Services presently has a consensus rating of Hold and an average price target of $115.89.

JBHT opened at $97.21 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.44 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $10.57 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 1.41 and a beta of 1.13. J B Hunt Transport Services has a 12 month low of $88.38 and a 12 month high of $131.74.

J B Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Monday, April 15th. The transportation company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.16). The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.17 billion. J B Hunt Transport Services had a net margin of 5.61% and a return on equity of 29.84%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.07 earnings per share. As a group, research analysts forecast that J B Hunt Transport Services will post 5.73 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be issued a dividend of $0.26 per share. The ex-dividend date is Thursday, May 2nd. This represents a $1.04 annualized dividend and a yield of 1.07%. J B Hunt Transport Services’s dividend payout ratio is presently 18.34%.

In related news, CFO David G. Mee sold 2,886 shares of J B Hunt Transport Services stock in a transaction on Monday, February 11th. The stock was sold at an average price of $109.06, for a total transaction of $314,747.16. Following the completion of the transaction, the chief financial officer now directly owns 110,500 shares of the company’s stock, valued at $12,051,130. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Nicholas Hobbs sold 3,000 shares of J B Hunt Transport Services stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $112.04, for a total value of $336,120.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,986 shares of company stock valued at $1,402,544. 3.60% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the stock. CWM LLC raised its holdings in J B Hunt Transport Services by 59.5% during the fourth quarter. CWM LLC now owns 276 shares of the transportation company’s stock worth $26,000 after purchasing an additional 103 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of J B Hunt Transport Services by 72.6% in the fourth quarter. Parallel Advisors LLC now owns 302 shares of the transportation company’s stock worth $28,000 after acquiring an additional 127 shares during the last quarter. Somerset Trust Co raised its holdings in shares of J B Hunt Transport Services by 169.1% in the first quarter. Somerset Trust Co now owns 296 shares of the transportation company’s stock worth $30,000 after acquiring an additional 186 shares during the last quarter. CSat Investment Advisory L.P. raised its holdings in shares of J B Hunt Transport Services by 116.0% in the fourth quarter. CSat Investment Advisory L.P. now owns 337 shares of the transportation company’s stock worth $31,000 after acquiring an additional 181 shares during the last quarter. Finally, Exane Asset Management acquired a new position in shares of J B Hunt Transport Services in the fourth quarter worth $41,000. 72.46% of the stock is owned by hedge funds and other institutional investors.

J B Hunt Transport Services Company Profile

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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