Zacks Investment Research Downgrades J B Hunt Transport Services Inc (JBHT) to Sell

Zacks Investment Research cut shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) from a hold rating to a sell rating in a report released on Monday morning.

According to Zacks, “J.B. Hunt reported mixed first-quarter 2017 financial results. The company’s bottom line beat the Zacks Consensus Estimate, whereas the top line fell short of expectations.  Operating income in the first quarter decreased 11.3% to $149 million. Lower customer rates hurt results. In fact, the company is struggling with declining demand for quite some time. Shares of the company have underperformed the Zacks categorized Transportation- Truck industry over the last one year. We are, however, impressed by the company’s efforts to reward shareholders. During the first quarter, the company repurchased approximately 1.33 million shares for $130 million. The company expects a tax rate of 35% for full-year 2017.”

Other equities research analysts also recently issued reports about the stock. Credit Suisse Group AG reissued a buy rating and set a $103.00 target price (down from $107.00) on shares of J B Hunt Transport Services in a research report on Friday, March 31st. Stifel Nicolaus decreased their target price on shares of J B Hunt Transport Services from $97.00 to $88.00 and set a hold rating for the company in a research report on Wednesday, April 19th. Vertical Research started coverage on shares of J B Hunt Transport Services in a research report on Thursday, April 13th. They set a hold rating and a $92.00 target price for the company. BMO Capital Markets reissued a hold rating and set a $96.00 target price (down from $100.00) on shares of J B Hunt Transport Services in a research report on Friday, March 31st. Finally, Deutsche Bank AG boosted their target price on shares of J B Hunt Transport Services from $90.00 to $110.00 and gave the stock a hold rating in a research report on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $96.29.

J B Hunt Transport Services (NASDAQ:JBHT) traded up 0.39% during trading on Monday, hitting $84.36. 192,778 shares of the stock were exchanged. J B Hunt Transport Services has a 52 week low of $75.71 and a 52 week high of $102.38. The firm’s 50-day moving average is $89.37 and its 200 day moving average is $93.88. The firm has a market cap of $9.28 billion, a PE ratio of 21.91 and a beta of 0.81.

J B Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Monday, April 17th. The transportation company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.86 by $0.06. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. J B Hunt Transport Services had a net margin of 6.60% and a return on equity of 30.96%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.88 earnings per share. Analysts expect that J B Hunt Transport Services will post $3.97 earnings per share for the current fiscal year.

WARNING: This piece of content was first posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.chaffeybreeze.com/2017/05/19/zacks-investment-research-downgrades-j-b-hunt-transport-services-inc-jbht-to-sell.html.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 19th. Stockholders of record on Friday, May 5th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Wednesday, May 3rd. J B Hunt Transport Services’s dividend payout ratio (DPR) is currently 24.08%.

In other news, SVP John Kuhlow sold 500 shares of the business’s stock in a transaction that occurred on Friday, March 10th. The shares were sold at an average price of $96.68, for a total value of $48,340.00. Following the sale, the senior vice president now owns 3,999 shares of the company’s stock, valued at $386,623.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 4.50% of the company’s stock.

Several hedge funds have recently bought and sold shares of JBHT. Bronfman E.L. Rothschild L.P. raised its stake in J B Hunt Transport Services by 3.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,296 shares of the transportation company’s stock valued at $119,000 after buying an additional 43 shares during the period. Van ECK Associates Corp raised its stake in J B Hunt Transport Services by 5.8% in the fourth quarter. Van ECK Associates Corp now owns 1,373 shares of the transportation company’s stock valued at $133,000 after buying an additional 75 shares during the period. Fuller & Thaler Asset Management Inc. raised its stake in J B Hunt Transport Services by 137.5% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,900 shares of the transportation company’s stock valued at $154,000 after buying an additional 1,100 shares during the period. SRB Corp raised its stake in J B Hunt Transport Services by 9.7% in the third quarter. SRB Corp now owns 1,912 shares of the transportation company’s stock valued at $155,000 after buying an additional 169 shares during the period. Finally, Global X Management Co. LLC raised its stake in J B Hunt Transport Services by 28.9% in the first quarter. Global X Management Co. LLC now owns 1,952 shares of the transportation company’s stock valued at $179,000 after buying an additional 438 shares during the period. 71.47% of the stock is currently owned by institutional investors.

About J B Hunt Transport Services

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.

5 Day Chart for NASDAQ:JBHT

Get a free copy of the Zacks research report on J B Hunt Transport Services (JBHT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for J B Hunt Transport Services Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J B Hunt Transport Services Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply