J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Raised to $160.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective raised by Susquehanna from $145.00 to $160.00 in a research report sent to investors on Thursday, Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

JBHT has been the topic of a number of other reports. BMO Capital Markets reaffirmed an outperform rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a research report on Tuesday, September 24th. Loop Capital cut their price objective on shares of J.B. Hunt Transport Services from $177.00 to $173.00 and set a hold rating for the company in a research report on Thursday, July 18th. JPMorgan Chase & Co. decreased their price target on J.B. Hunt Transport Services from $204.00 to $184.00 and set an overweight rating on the stock in a research note on Tuesday, July 9th. Stifel Nicolaus lowered their target price on J.B. Hunt Transport Services from $173.00 to $151.00 and set a hold rating for the company in a research note on Tuesday, July 23rd. Finally, TD Cowen reduced their price target on shares of J.B. Hunt Transport Services from $181.00 to $161.00 and set a hold rating on the stock in a research note on Wednesday, July 17th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $182.19.

J.B. Hunt Transport Services Trading Up 0.5 %

Shares of JBHT stock opened at $172.35 on Thursday. J.B. Hunt Transport Services has a 12-month low of $153.12 and a 12-month high of $219.51. The firm has a 50 day moving average price of $169.64 and a two-hundred day moving average price of $169.93. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $17.79 billion, a PE ratio of 27.36, a price-to-earnings-growth ratio of 2.86 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Tuesday, July 16th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.19). The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.02 billion. J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.81 earnings per share. As a group, analysts predict that J.B. Hunt Transport Services will post 5.7 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 2nd were given a $0.43 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.00%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 27.30%.

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

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $175.03, for a total value of $525,090.00. Following the completion of the sale, the executive vice president now directly owns 14,150 shares in the company, valued at $2,476,674.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $175.03, for a total value of $525,090.00. Following the transaction, the executive vice president now owns 14,150 shares in the company, valued at $2,476,674.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Persio V. Lisboa acquired 600 shares of the firm’s stock in a transaction dated Friday, July 19th. The shares were purchased at an average price of $163.47 per share, with a total value of $98,082.00. Following the acquisition, the director now owns 3,594 shares of the company’s stock, valued at $587,511.18. The disclosure for this purchase can be found here. Insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of JBHT. Versant Capital Management Inc raised its holdings in shares of J.B. Hunt Transport Services by 382.1% in the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock worth $30,000 after acquiring an additional 149 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of J.B. Hunt Transport Services in the second quarter worth approximately $31,000. nVerses Capital LLC bought a new position in shares of J.B. Hunt Transport Services in the second quarter valued at approximately $32,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of J.B. Hunt Transport Services during the second quarter valued at approximately $36,000. Finally, YHB Investment Advisors Inc. bought a new stake in J.B. Hunt Transport Services during the first quarter worth $40,000. 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.