J.B. Hunt Transport Services (NASDAQ:JBHT) Now Covered by Analysts at Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of J.B. Hunt Transport Services (NASDAQ:JBHTFree Report) in a report issued on Friday, MarketBeat Ratings reports. The firm issued an overweight rating and a $185.00 price target on the transportation company’s stock.

A number of other analysts have also weighed in on the stock. TD Cowen decreased their target price on shares of J.B. Hunt Transport Services from $193.00 to $181.00 and set a hold rating on the stock in a report on Wednesday, April 17th. UBS Group decreased their target price on shares of J.B. Hunt Transport Services from $234.00 to $211.00 and set a buy rating on the stock in a report on Wednesday, April 17th. Evercore ISI decreased their target price on shares of J.B. Hunt Transport Services from $218.00 to $199.00 and set an outperform rating on the stock in a report on Wednesday, April 17th. Robert W. Baird decreased their target price on shares of J.B. Hunt Transport Services from $215.00 to $205.00 and set an outperform rating on the stock in a report on Wednesday, April 17th. Finally, Barclays decreased their price target on shares of J.B. Hunt Transport Services from $200.00 to $170.00 and set an equal weight rating on the stock in a report on Wednesday, April 17th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $192.76.

Check Out Our Latest Report on JBHT

J.B. Hunt Transport Services Stock Performance

Shares of JBHT stock opened at $159.96 on Friday. The stock has a market capitalization of $16.51 billion, a P/E ratio of 25.39, a PEG ratio of 1.81 and a beta of 1.15. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.33. The firm’s 50 day moving average is $170.93 and its 200 day moving average is $188.96. J.B. Hunt Transport Services has a 12 month low of $154.10 and a 12 month high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) last posted its earnings results on Tuesday, April 16th. The transportation company reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.31). The firm had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $3.12 billion. J.B. Hunt Transport Services had a return on equity of 16.25% and a net margin of 5.25%. On average, sell-side analysts anticipate that J.B. Hunt Transport Services will post 6.48 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Thursday, May 9th. J.B. Hunt Transport Services’s dividend payout ratio is currently 27.30%.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, CEO John N. Roberts bought 6,200 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, April 26th. The shares were bought at an average price of $161.06 per share, with a total value of $998,572.00. Following the acquisition, the chief executive officer now owns 313,955 shares in the company, valued at $50,565,592.30. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.10% of the stock is owned by insiders.

Institutional Investors Weigh In On J.B. Hunt Transport Services

Several institutional investors have recently added to or reduced their stakes in JBHT. VisionPoint Advisory Group LLC boosted its position in J.B. Hunt Transport Services by 104.8% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock valued at $32,000 after buying an additional 87 shares during the period. Operose Advisors LLC purchased a new stake in J.B. Hunt Transport Services during the 3rd quarter valued at $34,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of J.B. Hunt Transport Services in the 3rd quarter worth about $36,000. YHB Investment Advisors Inc. purchased a new stake in shares of J.B. Hunt Transport Services in the 1st quarter worth about $40,000. Finally, Neo Ivy Capital Management purchased a new stake in shares of J.B. Hunt Transport Services in the 4th quarter worth about $49,000. Hedge funds and other institutional investors own 74.95% of the company’s stock.

About J.B. Hunt Transport Services

(Get Free Report)

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.

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Analyst Recommendations for J.B. Hunt Transport Services (NASDAQ:JBHT)

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