J B Hunt Transport Services Inc (JBHT) was Upgraded by Buckingham Research to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Buckingham Research advised their investors in a research report released on Jul 26, 2016.
Many Wall Street Analysts have commented on J B Hunt Transport Services Inc. Shares were Reiterated by RBC Capital Mkts on Jul 19, 2016 to “Outperform” and Lowered the Price Target to $ 94 from a previous price target of $98 .Shares were Reiterated by UBS on Jul 19, 2016 to “Neutral” and Lowered the Price Target to $ 86 from a previous price target of $90 .
On the company’s financial health, J B Hunt Transport Services Inc reported $0.92 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Jul 18, 2016. Analyst had a consensus of $0.97. The company had revenue of $1620.00 million for the quarter, compared to analysts expectations of $1617.51 million. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 EPS.
J B Hunt Transport Services Inc opened for trading at $81.22 and hit $81.64 on the upside on Wednesday, eventually ending the session at $81.55, with a gain of 0.93% or 0.75 points. The heightened volatility saw the trading volume jump to 13,22,049 shares. Company has a market cap of $9,187 M.
Investors should note that on Jul 21, 2016, J B Hunt Transport Services Inc announced a cash dividend of $0.2200. The company’s management has announced Aug 3, 2016 as the ex-dividend date and fixed the record date on Aug 5, 2016. The payable date has been fixed on Aug 19, 2016.
In a different news, on Jun 8, 2016, John N Roberts (President and CEO) sold 60,000 shares at $82.49 per share price. According to the SEC, on Jun 3, 2016, James K Thompson (Chairman of the Board) sold 5,000 shares at $82.14 per share price. On Mar 18, 2016, Nicholas Hobbs (EVP, President DCS) sold 3,640 shares at $82.43 per share price, according to the Form-4 filing with the securities and exchange commission.
J.B. Hunt Transport Services Inc. is a holding company that together with its wholly owned subsidiaries is engaged in providing surface transportation delivery and logistics services. The Company operates in four segments: Intermodal (JBI) Dedicated Contract Services (DCS) Integrated Capacity Solutions (ICS) and Truck (JBT). The JBI segment includes freight that is transported by rail and certain repositioning truck freight moved by JBI equipment or third-party carriers. DCS segment includes company-owned and customer-owned DCS-operated revenue equipment and employee drivers assigned to a specific customer traffic lane or service. ICS provides non-asset and asset-light transportation solutions. ICS services include flatbed refrigerated and less-than-truckload (LTL) as well as a variety of dry-van and intermodal solutions. JBT business includes full-load dry-van freight that is typically transported utilizing company-owned or company-controlled revenue equipment.