J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Cut to $170.00 by Analysts at Bank of America

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective reduced by Bank of America from $189.00 to $170.00 in a report released on Monday morning,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

Several other research analysts have also recently commented on JBHT. Citigroup lowered their target price on J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Deutsche Bank Aktiengesellschaft began coverage on J.B. Hunt Transport Services in a research note on Friday, March 7th. They set a “hold” rating and a $167.00 target price for the company. Truist Financial began coverage on J.B. Hunt Transport Services in a research note on Thursday, March 13th. They set a “hold” rating and a $165.00 target price for the company. UBS Group lowered their target price on J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. lowered their target price on J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $186.80.

J.B. Hunt Transport Services Trading Up 0.3 %

Shares of NASDAQ JBHT opened at $149.46 on Monday. J.B. Hunt Transport Services has a twelve month low of $147.00 and a twelve month high of $200.40. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $167.72 and a 200-day simple moving average of $173.53. The stock has a market capitalization of $14.95 billion, a PE ratio of 26.88, a PEG ratio of 1.61 and a beta of 1.16.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.09). J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same period in the previous year, the firm earned $1.47 earnings per share. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. On average, equities analysts forecast that J.B. Hunt Transport Services will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $0.44 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.18%. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. J.B. Hunt Transport Services’s dividend payout ratio is currently 31.65%.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, Director James K. Thompson sold 4,400 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total transaction of $771,628.00. Following the sale, the director now owns 23,559 shares in the company, valued at approximately $4,131,541.83. This represents a 15.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Darren P. Field sold 1,200 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $161.67, for a total value of $194,004.00. Following the sale, the executive vice president now owns 17,822 shares in the company, valued at approximately $2,881,282.74. This trade represents a 6.31 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On J.B. Hunt Transport Services

A number of large investors have recently bought and sold shares of JBHT. Wellington Management Group LLP grew its holdings in J.B. Hunt Transport Services by 428.4% during the 4th quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company’s stock valued at $215,610,000 after buying an additional 1,024,295 shares during the last quarter. Norges Bank purchased a new position in shares of J.B. Hunt Transport Services during the 4th quarter worth $146,618,000. Demars Financial Group LLC lifted its stake in shares of J.B. Hunt Transport Services by 16,964.6% during the 4th quarter. Demars Financial Group LLC now owns 610,059 shares of the transportation company’s stock worth $104,113,000 after purchasing an additional 606,484 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of J.B. Hunt Transport Services by 111.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 956,504 shares of the transportation company’s stock worth $163,237,000 after purchasing an additional 503,324 shares during the period. Finally, Worldquant Millennium Advisors LLC lifted its stake in shares of J.B. Hunt Transport Services by 2,408.1% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 213,888 shares of the transportation company’s stock worth $36,502,000 after purchasing an additional 205,360 shares during the period. 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.