J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Raised to $180.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective boosted by JPMorgan Chase & Co. from $159.00 to $180.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have an overweight rating on the transportation company’s stock.

Other equities research analysts have also recently issued reports about the company. Benchmark restated a “buy” rating and set a $175.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 16th. Susquehanna restated a “neutral” rating and issued a $155.00 price objective (up from $140.00) on shares of J.B. Hunt Transport Services in a report on Tuesday, June 24th. Sanford C. Bernstein set a $148.00 target price on shares of J.B. Hunt Transport Services and gave the stock a “market perform” rating in a research note on Wednesday, April 16th. Raymond James Financial increased their target price on shares of J.B. Hunt Transport Services from $155.00 to $165.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Truist Financial increased their target price on shares of J.B. Hunt Transport Services from $130.00 to $140.00 and gave the stock a “hold” rating in a research note on Monday, June 30th. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and a consensus target price of $164.90.

J.B. Hunt Transport Services Price Performance

NASDAQ:JBHT opened at $148.89 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.89 and a current ratio of 0.87. The stock’s 50-day simple moving average is $144.65 and its 200 day simple moving average is $151.36. The company has a market cap of $14.77 billion, a P/E ratio of 27.07, a P/E/G ratio of 2.37 and a beta of 1.29. J.B. Hunt Transport Services has a 52-week low of $122.79 and a 52-week high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Tuesday, July 15th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.03). J.B. Hunt Transport Services had a return on equity of 14.26% and a net margin of 4.59%. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter in the prior year, the firm earned $1.32 EPS. The company’s revenue was up .0% on a year-over-year basis. As a group, sell-side analysts forecast that J.B. Hunt Transport Services will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.76 annualized dividend and a dividend yield of 1.18%. J.B. Hunt Transport Services’s dividend payout ratio is currently 32.00%.

Insider Activity at J.B. Hunt Transport Services

In other news, COO Nicholas Hobbs bought 1,529 shares of the company’s stock in a transaction on Wednesday, April 23rd. The shares were purchased at an average price of $130.75 per share, with a total value of $199,916.75. Following the transaction, the chief operating officer directly owned 91,847 shares in the company, valued at $12,008,995.25. This represents a 1.69% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is currently owned by corporate insiders.

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

Hedge funds have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of J.B. Hunt Transport Services by 13.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,467 shares of the transportation company’s stock worth $1,529,000 after purchasing an additional 1,209 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of J.B. Hunt Transport Services in the 1st quarter worth approximately $1,746,000. Bessemer Group Inc. raised its holdings in shares of J.B. Hunt Transport Services by 22.4% in the 1st quarter. Bessemer Group Inc. now owns 656 shares of the transportation company’s stock worth $97,000 after purchasing an additional 120 shares during the period. SG Americas Securities LLC raised its holdings in shares of J.B. Hunt Transport Services by 179.8% in the 1st quarter. SG Americas Securities LLC now owns 3,990 shares of the transportation company’s stock worth $590,000 after purchasing an additional 2,564 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of J.B. Hunt Transport Services by 8.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,596 shares of the transportation company’s stock worth $976,000 after purchasing an additional 494 shares during the period. Institutional investors own 74.95% of the company’s stock.

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.