J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Raised to $152.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective raised by TD Cowen from $140.00 to $152.00 in a research note published on Thursday morning, Marketbeat.com reports. The firm currently has a hold rating on the transportation company’s stock.

JBHT has been the subject of a number of other research reports. Stifel Nicolaus lowered their price target on J.B. Hunt Transport Services from $145.00 to $140.00 and set a “hold” rating for the company in a research report on Friday, October 3rd. UBS Group lowered J.B. Hunt Transport Services from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $155.00 to $157.00 in a research note on Friday, September 5th. JPMorgan Chase & Co. boosted their target price on J.B. Hunt Transport Services from $170.00 to $176.00 and gave the stock an “overweight” rating in a report on Thursday. Sanford C. Bernstein set a $172.00 price target on shares of J.B. Hunt Transport Services in a report on Thursday. Finally, Susquehanna reduced their price target on shares of J.B. Hunt Transport Services from $157.00 to $145.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 24th. One 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $165.55.

J.B. Hunt Transport Services Price Performance

J.B. Hunt Transport Services stock opened at $164.85 on Thursday. 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 debt-to-equity ratio of 0.25, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a 50 day moving average price of $141.14 and a 200 day moving average price of $141.06. The company has a market cap of $15.96 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 2.61 and a beta of 1.24.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Wednesday, October 15th. The transportation company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.30. J.B. Hunt Transport Services had a net margin of 4.75% and a return on equity of 15.16%. The company had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same quarter last year, the business earned $1.49 EPS. J.B. Hunt Transport Services’s revenue for the quarter was down .5% on a year-over-year basis. Sell-side analysts predict that J.B. Hunt Transport Services will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.76 annualized dividend and a yield of 1.1%. J.B. Hunt Transport Services’s payout ratio is 30.50%.

Insider Transactions at J.B. Hunt Transport Services

In other news, EVP David Keefauver sold 989 shares of the firm’s 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 directly owned 946 shares in the company, valued at $143,763.62. This trade represents a 51.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Eric Mcgee bought 1,148 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were acquired at an average cost of $140.76 per share, for a total transaction of $161,592.48. Following the completion of the transaction, 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 position. The disclosure for this purchase can be found here. Corporate insiders own 2.30% of the company’s stock.

Institutional Trading of J.B. Hunt Transport Services

Hedge funds have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. increased its stake 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 worth $1,529,000 after buying an additional 1,209 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in J.B. Hunt Transport Services during the 1st quarter worth $1,746,000. Bessemer Group Inc. increased its position 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 last quarter. SG Americas Securities LLC raised its stake 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 valued at $590,000 after purchasing an additional 2,564 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of J.B. Hunt Transport Services by 8.1% during the first 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 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.