J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Receives $181.88 Average Price Target from Analysts

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) has been assigned a consensus rating of “Moderate Buy” from the sixteen analysts that are currently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $181.88.

A number of analysts have issued reports on the company. Wells Fargo & Company initiated coverage on J.B. Hunt Transport Services in a research report on Friday, June 7th. They issued an “overweight” rating and a $185.00 target price on the stock. Stifel Nicolaus decreased their target price on J.B. Hunt Transport Services from $173.00 to $151.00 and set a “hold” rating on the stock in a research note on Tuesday, July 23rd. Barclays dropped their target price on J.B. Hunt Transport Services from $170.00 to $160.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 17th. BMO Capital Markets boosted their price target on shares of J.B. Hunt Transport Services from $188.00 to $195.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 17th. Finally, TD Cowen lowered their price objective on shares of J.B. Hunt Transport Services from $181.00 to $161.00 and set a “hold” rating for the company in a research note on Wednesday, July 17th.

J.B. Hunt Transport Services Stock Down 0.7 %

Shares of NASDAQ:JBHT opened at $167.40 on Tuesday. The company has a market capitalization of $17.28 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 2.84 and a beta of 1.15. J.B. Hunt Transport Services has a 12-month low of $153.12 and a 12-month high of $219.51. The business has a 50-day moving average price of $168.40 and a 200 day moving average price of $171.83. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.36.

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

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 2nd were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Friday, August 2nd. 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, Director Persio V. Lisboa acquired 600 shares of the stock in a transaction dated Friday, July 19th. The stock was acquired at an average cost of $163.47 per share, with a total value of $98,082.00. Following the transaction, the director now owns 3,594 shares in the company, valued at approximately $587,511.18. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Darren P. Field sold 3,000 shares of J.B. Hunt Transport Services stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the sale, the executive vice president now directly owns 14,150 shares in the company, valued at approximately $2,476,674.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Persio V. Lisboa purchased 600 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, July 19th. The stock was bought at an average cost of $163.47 per share, with a total value of $98,082.00. Following the completion of the transaction, 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. 2.10% of the stock is owned by insiders.

Institutional Trading of J.B. Hunt Transport Services

A number of hedge funds and other institutional investors have recently made changes to their positions in JBHT. Sanctuary Advisors LLC purchased a new position in J.B. Hunt Transport Services during the 2nd quarter worth approximately $690,000. New Wave Wealth Advisors LLC purchased a new position in shares of J.B. Hunt Transport Services during the second quarter worth approximately $1,725,000. Cetera Investment Advisers increased its holdings in shares of J.B. Hunt Transport Services by 49.1% in the 2nd quarter. Cetera Investment Advisers now owns 12,520 shares of the transportation company’s stock valued at $2,003,000 after acquiring an additional 4,122 shares during the period. Creative Planning raised its position in J.B. Hunt Transport Services by 14.1% in the 2nd quarter. Creative Planning now owns 9,840 shares of the transportation company’s stock valued at $1,574,000 after purchasing an additional 1,213 shares during the last quarter. Finally, Scientech Research LLC acquired a new stake in J.B. Hunt Transport Services during the 2nd quarter worth $1,452,000. 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.