J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Lowered to $145.00 at Susquehanna

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective decreased by Susquehanna from $157.00 to $145.00 in a research note issued to investors on Wednesday,Benzinga reports. Susquehanna currently has a neutral rating on the transportation company’s stock.

A number of other research firms also recently weighed in on JBHT. Raymond James Financial raised their target price on shares of J.B. Hunt Transport Services from $155.00 to $165.00 and gave the company an “outperform” rating in a research report on Tuesday, July 15th. Baird R W upgraded shares of J.B. Hunt Transport Services to a “strong-buy” rating in a research note on Tuesday, July 1st. UBS Group cut shares of J.B. Hunt Transport Services from a “buy” rating to a “neutral” rating and increased their price target for the company from $155.00 to $157.00 in a research note on Friday, September 5th. Morgan Stanley cut their price target on shares of J.B. Hunt Transport Services from $160.00 to $155.00 and set an “equal weight” rating for the company in a research note on Monday, July 7th. Finally, Stifel Nicolaus cut their price target 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. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and an average price target of $163.57.

J.B. Hunt Transport Services Stock Up 0.7%

J.B. Hunt Transport Services stock opened at $132.87 on Wednesday. The company has a market cap of $12.86 billion, a P/E ratio of 24.16, a price-to-earnings-growth ratio of 2.06 and a beta of 1.28. J.B. Hunt Transport Services has a 1-year low of $122.79 and a 1-year high of $200.40. The company has a fifty day simple moving average of $142.78 and a 200 day simple moving average of $142.21. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28.

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 analysts’ consensus estimates of $1.34 by ($0.03). The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.93 billion. J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same period last year, the business posted $1.32 EPS. Research analysts anticipate that J.B. Hunt Transport Services will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, August 8th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 32.00%.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Eric Mcgee acquired 1,148 shares of the company’s stock in a transaction on Monday, August 4th. The stock was acquired at an average price of $140.76 per share, for a total transaction of $161,592.48. Following the purchase, the executive vice president directly owned 7,397 shares of the company’s stock, valued at $1,041,201.72. This trade represents a 18.37% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP David Keefauver sold 989 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $151.97, for a total transaction of $150,298.33. Following the completion of the sale, the executive vice president owned 946 shares of the company’s stock, valued at $143,763.62. This trade represents a 51.11% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

Institutional Trading of J.B. Hunt Transport Services

Several hedge funds and other institutional investors have recently bought and sold shares of JBHT. AQR Capital Management LLC raised its stake in J.B. Hunt Transport Services by 411.5% in the 2nd quarter. AQR Capital Management LLC now owns 1,799,843 shares of the transportation company’s stock worth $258,457,000 after purchasing an additional 1,447,993 shares in the last quarter. Norges Bank acquired a new stake in J.B. Hunt Transport Services in the 2nd quarter worth about $91,094,000. JPMorgan Chase & Co. raised its stake in J.B. Hunt Transport Services by 14.6% in the 1st quarter. JPMorgan Chase & Co. now owns 4,853,092 shares of the transportation company’s stock worth $718,015,000 after purchasing an additional 616,986 shares in the last quarter. Park Presidio Capital LLC raised its stake in J.B. Hunt Transport Services by 149.5% in the 2nd quarter. Park Presidio Capital LLC now owns 670,873 shares of the transportation company’s stock worth $96,337,000 after purchasing an additional 401,937 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in J.B. Hunt Transport Services by 178.9% in the 2nd quarter. First Trust Advisors LP now owns 428,704 shares of the transportation company’s stock worth $61,562,000 after purchasing an additional 275,017 shares in the last quarter. Institutional investors and hedge funds 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.