J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Receives $164.14 Consensus PT from Analysts

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) have earned an average recommendation of “Moderate Buy” from the twenty-two brokerages that are presently covering the firm, MarketBeat Ratings reports. Eleven equities research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $164.1429.

Several research firms recently weighed in on JBHT. Stifel Nicolaus decreased their target price on shares of J.B. Hunt Transport Services from $150.00 to $145.00 and set a “hold” rating for the company in a research note on Wednesday, July 16th. UBS Group cut shares of J.B. Hunt Transport Services from a “buy” rating to a “neutral” rating and raised their target price for the company from $155.00 to $157.00 in a research note on Friday, September 5th. Baird R W raised shares of J.B. Hunt Transport Services to a “strong-buy” rating in a research note on Tuesday, July 1st. Bank of America decreased their target price on shares of J.B. Hunt Transport Services from $171.00 to $153.00 and set a “buy” rating for the company in a research note on Tuesday, September 16th. Finally, JPMorgan Chase & Co. raised their target price on shares of J.B. Hunt Transport Services from $159.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th.

J.B. Hunt Transport Services Price Performance

Shares of JBHT opened at $130.65 on Friday. J.B. Hunt Transport Services has a twelve month low of $122.79 and a twelve month high of $200.40. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.28. The company has a 50 day moving average of $143.49 and a 200-day moving average of $142.35. The stock has a market capitalization of $12.65 billion, a P/E ratio of 23.75, a P/E/G ratio of 2.07 and a beta of 1.28.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Tuesday, July 15th. The transportation company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.03). J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the prior year, the business posted $1.32 earnings per share. J.B. Hunt Transport Services’s quarterly revenue was up .0% compared to the same quarter last year. As a group, equities research 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 business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, August 8th. J.B. Hunt Transport Services’s payout ratio is currently 32.00%.

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

In other J.B. Hunt Transport Services news, EVP David Keefauver sold 989 shares of the company’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $151.97, for a total value of $150,298.33. Following the transaction, the executive vice president directly owned 946 shares in the company, valued at $143,763.62. The trade was a 51.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Eric Mcgee acquired 1,148 shares of the firm’s stock in a transaction on Monday, August 4th. The stock was bought at an average price of $140.76 per share, for a total transaction of $161,592.48. Following the completion of the acquisition, the executive vice president owned 7,397 shares of the company’s stock, valued at approximately $1,041,201.72. The trade was a 18.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.30% of the stock is owned by insiders.

Hedge Funds Weigh In On J.B. Hunt Transport Services

Institutional investors and hedge funds have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of J.B. Hunt Transport Services by 13.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,467 shares of the transportation company’s stock valued at $1,529,000 after purchasing an additional 1,209 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of J.B. Hunt Transport Services in the first quarter valued at $1,746,000. Bessemer Group Inc. lifted its holdings in shares of J.B. Hunt Transport Services by 22.4% during the first quarter. Bessemer Group Inc. now owns 656 shares of the transportation company’s stock worth $97,000 after buying an additional 120 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of J.B. Hunt Transport Services by 179.8% in the first quarter. SG Americas Securities LLC now owns 3,990 shares of the transportation company’s stock valued at $590,000 after acquiring an additional 2,564 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of J.B. Hunt Transport Services by 8.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,596 shares of the transportation company’s stock valued at $976,000 after acquiring an additional 494 shares during the period. 74.95% of the stock is currently owned by institutional investors and hedge funds.

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.