J.B. Hunt Transport Services (NASDAQ:JBHT) Upgraded by StockNews.com to Hold

StockNews.com upgraded shares of J.B. Hunt Transport Services (NASDAQ:JBHT) from a sell rating to a hold rating in a research note published on Monday.

Several other research analysts have also commented on JBHT. Stephens reduced their price target on J.B. Hunt Transport Services from $210.00 to $192.00 and set an overweight rating on the stock in a report on Wednesday, April 17th. Loop Capital dropped their target price on J.B. Hunt Transport Services from $200.00 to $177.00 and set a hold rating for the company in a research report on Thursday, April 18th. Benchmark reaffirmed a buy rating and issued a $215.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 17th. Barclays lowered their price objective on J.B. Hunt Transport Services from $200.00 to $170.00 and set an equal weight rating for the company in a research report on Wednesday, April 17th. Finally, Raymond James boosted their target price on J.B. Hunt Transport Services from $200.00 to $209.00 and gave the stock an outperform rating in a research note on Tuesday, January 16th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $194.24.

J.B. Hunt Transport Services Trading Up 0.1 %

Shares of JBHT stock opened at $162.16 on Monday. The stock’s fifty day moving average is $191.84 and its two-hundred day moving average is $191.83. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.15 and a current ratio of 1.26. The firm has a market capitalization of $16.75 billion, a P/E ratio of 25.74, a PEG ratio of 2.13 and a beta of 1.11. J.B. Hunt Transport Services has a fifty-two week low of $160.07 and a fifty-two week high of $219.51.

J.B. Hunt Transport Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, May 9th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 27.30%.

Insider Buying and Selling at J.B. Hunt Transport Services

In other news, CEO John N. Roberts bought 6,200 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, April 26th. The stock was bought at an average price of $161.06 per share, for a total transaction of $998,572.00. Following the purchase, the chief executive officer now owns 313,955 shares of the company’s stock, valued at $50,565,592.30. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, EVP Eric Mcgee sold 3,800 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $212.56, for a total transaction of $807,728.00. Following the completion of the transaction, the executive vice president now directly owns 464 shares of the company’s stock, valued at approximately $98,627.84. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO John N. Roberts purchased 6,200 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, April 26th. The stock was acquired at an average cost of $161.06 per share, with a total value of $998,572.00. Following the completion of the acquisition, the chief executive officer now directly owns 313,955 shares in the company, valued at $50,565,592.30. The disclosure for this purchase can be found here. In the last three months, insiders have sold 15,454 shares of company stock valued at $3,283,219. 2.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of J.B. Hunt Transport Services by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 9,744,668 shares of the transportation company’s stock worth $1,946,400,000 after purchasing an additional 80,123 shares during the period. Victory Capital Management Inc. grew its stake in shares of J.B. Hunt Transport Services by 3.0% during the 4th quarter. Victory Capital Management Inc. now owns 2,168,748 shares of the transportation company’s stock worth $433,186,000 after purchasing an additional 62,313 shares during the period. JPMorgan Chase & Co. grew its stake in shares of J.B. Hunt Transport Services by 184.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,154,757 shares of the transportation company’s stock worth $406,215,000 after purchasing an additional 1,397,651 shares during the period. Invesco Ltd. grew its stake in shares of J.B. Hunt Transport Services by 5.6% during the 3rd quarter. Invesco Ltd. now owns 1,090,774 shares of the transportation company’s stock worth $205,633,000 after purchasing an additional 57,546 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of J.B. Hunt Transport Services by 7,720.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 983,703 shares of the transportation company’s stock worth $196,485,000 after purchasing an additional 971,124 shares during the period. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Company Profile

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.