#1 - J.B. Hunt (NASDAQ:JBHT)
I want to start with J.B. Hunt because it is the largest intermodal shipping operator in North America. Intermodal, if you aren’t aware, means all those neat little shipping containers you see piled up on the decks of ships. It is the #1 method for shipping bulk items and the core of J.B. Hunt’s business.
I also wanted to start with J.B. Hunt because it is one of the largest trucking operations in North America specializing in both truck-load and less-than-truck-load deliveries. And because J.B. Hunt’s Dedicated Contracted Services can help any business with its logistical needs. If you want something shipped in North American, J.B. Hunt can take it from the loading dock to the end-user.
Although business is still below last year’s levels, rising volume within the industry is a double-tailwind for J.B. Hunt in the second half of the year. The total volume of J.B. Hunts truckload segment jumped 17% over the same time last year as dwindling capacity within the industry help drive business. Not only is the company seeing more business, but higher demand means higher prices for services and that means increased revenue and earnings.
What investors can appreciate is the dividend. J.B. Hunt doesn’t pay much in the way of yield but the distribution is as safe as it can be and on track for a 16th consecutive increase later this year. What traders will appreciate is that this stock is trending higher and just broke to new highs.
About J.B. Hunt Transport Services
J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.
Read More - Current Price
- $163.74
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 10 Buy Ratings, 6 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $194.24 (18.6% Upside)
