J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Rating Upgraded by Baird R W

Baird R W upgraded shares of J.B. Hunt Transport Services (NASDAQ:JBHT) to a strong-buy rating in a report released on Tuesday morning,Zacks.com reports.

Several other research analysts have also recently weighed in on the company. Truist Financial raised their target price on J.B. Hunt Transport Services from $130.00 to $140.00 and gave the company a “hold” rating in a research note on Monday. Susquehanna restated a “neutral” rating and set a $155.00 price objective (up previously from $140.00) on shares of J.B. Hunt Transport Services in a research report on Tuesday, June 24th. Robert W. Baird initiated coverage on shares of J.B. Hunt Transport Services in a report on Tuesday. They issued an “outperform” rating and a $169.00 target price on the stock. Wells Fargo & Company cut their target price on shares of J.B. Hunt Transport Services from $170.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Finally, Barclays reduced their target price on shares of J.B. Hunt Transport Services from $180.00 to $165.00 and set an “equal weight” rating for the company in a report on Wednesday, April 2nd. Ten research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $163.43.

J.B. Hunt Transport Services Stock Down 0.7%

J.B. Hunt Transport Services stock opened at $151.88 on Tuesday. J.B. Hunt Transport Services has a 52 week low of $122.79 and a 52 week high of $200.40. The stock has a market cap of $15.06 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 2.07 and a beta of 1.29. The company’s 50-day moving average price is $140.37 and its two-hundred day moving average price is $152.84. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.23.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.02. J.B. Hunt Transport Services had a return on equity of 14.07% and a net margin of 4.65%. The firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.92 billion. On average, analysts expect that J.B. Hunt Transport Services will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were given a $0.44 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.76 annualized dividend and a dividend yield of 1.16%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 31.94%.

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

In other J.B. Hunt Transport Services news, COO Nicholas Hobbs bought 1,529 shares of the company’s stock in a transaction dated Wednesday, April 23rd. The shares were bought at an average price of $130.75 per share, for a total transaction of $199,916.75. Following the acquisition, the chief operating officer directly owned 91,847 shares of the company’s stock, valued at approximately $12,008,995.25. This trade represents a 1.69% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.30% of the company’s stock.

Institutional Trading of J.B. Hunt Transport Services

Several institutional investors have recently made changes to their positions in JBHT. Summit Securities Group LLC increased its position in J.B. Hunt Transport Services by 19,600.0% in the 1st quarter. Summit Securities Group LLC now owns 197 shares of the transportation company’s stock worth $29,000 after purchasing an additional 196 shares during the last quarter. Allworth Financial LP grew its stake in shares of J.B. Hunt Transport Services by 167.0% in the 1st quarter. Allworth Financial LP now owns 235 shares of the transportation company’s stock valued at $35,000 after buying an additional 147 shares in the last quarter. National Pension Service increased its holdings in J.B. Hunt Transport Services by 74.9% in the first quarter. National Pension Service now owns 306 shares of the transportation company’s stock worth $45,000 after buying an additional 131 shares during the last quarter. TD Private Client Wealth LLC raised its position in J.B. Hunt Transport Services by 49.3% during the first quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company’s stock valued at $49,000 after acquiring an additional 109 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in J.B. Hunt Transport Services by 68.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company’s stock valued at $56,000 after acquiring an additional 134 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

About J.B. Hunt Transport Services

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.