Barclays Issues Positive Forecast for J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Price

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price increased by Barclays from $175.00 to $195.00 in a research note published on Wednesday,Benzinga reports. Barclays currently has an equal weight rating on the transportation company’s stock.

A number of other research analysts have also issued reports on the company. BMO Capital Markets restated an “outperform” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Stifel Nicolaus boosted their price target on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Stephens reaffirmed an “overweight” rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Loop Capital boosted their target price on shares of J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Finally, Citigroup upped their target price on shares of J.B. Hunt Transport Services from $204.00 to $227.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $190.11.

J.B. Hunt Transport Services Stock Down 1.2 %

JBHT stock opened at $182.35 on Wednesday. The firm has a fifty day moving average price of $175.60 and a two-hundred day moving average price of $168.27. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 0.94. J.B. Hunt Transport Services has a 1-year low of $153.12 and a 1-year high of $219.51. The firm has a market cap of $18.39 billion, a price-to-earnings ratio of 33.15, a PEG ratio of 2.90 and a beta of 1.14.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.07. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. The business had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter in the prior year, the firm earned $1.80 EPS. Research analysts predict that J.B. Hunt Transport Services will post 5.7 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 0.94%. The ex-dividend date is Friday, November 8th. J.B. Hunt Transport Services’s payout ratio is 31.27%.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, EVP Spencer Frazier sold 2,200 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total value of $427,262.00. Following the transaction, the executive vice president now owns 4,050 shares in the company, valued at approximately $786,550.50. This represents a 35.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Darren P. Field sold 1,500 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total transaction of $275,250.00. Following the completion of the sale, the executive vice president now owns 12,650 shares of the company’s stock, valued at approximately $2,321,275. The trade was a 10.60 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,314 shares of company stock valued at $1,534,052. Corporate insiders own 2.10% of the company’s stock.

Institutional Trading of J.B. Hunt Transport Services

Several hedge funds and other institutional investors have recently modified their holdings of the company. Forsta AP Fonden raised its stake in shares of J.B. Hunt Transport Services by 28.2% during the 3rd quarter. Forsta AP Fonden now owns 15,900 shares of the transportation company’s stock worth $2,740,000 after purchasing an additional 3,500 shares in the last quarter. Silvercrest Asset Management Group LLC increased its holdings in J.B. Hunt Transport Services by 24.5% in the first quarter. Silvercrest Asset Management Group LLC now owns 29,302 shares of the transportation company’s stock worth $5,838,000 after buying an additional 5,767 shares during the last quarter. Vanguard Group Inc. raised its position in J.B. Hunt Transport Services by 0.3% during the first quarter. Vanguard Group Inc. now owns 9,769,777 shares of the transportation company’s stock valued at $1,946,628,000 after acquiring an additional 25,109 shares in the last quarter. CWM LLC lifted its stake in J.B. Hunt Transport Services by 119.5% in the third quarter. CWM LLC now owns 7,858 shares of the transportation company’s stock valued at $1,354,000 after acquiring an additional 4,278 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in J.B. Hunt Transport Services in the second quarter worth approximately $690,000. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

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.