J.B. Hunt Transport Services (NASDAQ:JBHT) Given New $157.00 Price Target at Susquehanna

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price upped by Susquehanna from $155.00 to $157.00 in a research report released on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the transportation company’s stock.

JBHT has been the subject of a number of other reports. Robert W. Baird assumed coverage on J.B. Hunt Transport Services in a report on Tuesday, July 1st. They issued an “outperform” rating and a $169.00 price target for the company. UBS Group reiterated a “buy” rating on shares of J.B. Hunt Transport Services in a research note on Tuesday, July 8th. JPMorgan Chase & Co. raised their price target on shares of J.B. Hunt Transport Services from $159.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday. Truist Financial lifted their price objective on shares of J.B. Hunt Transport Services from $130.00 to $140.00 and gave the company a “hold” rating in a report on Monday, June 30th. Finally, Baird R W raised shares of J.B. Hunt Transport Services to a “strong-buy” rating in a research note on Tuesday, July 1st. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $164.90.

J.B. Hunt Transport Services Trading Down 2.5%

NASDAQ JBHT opened at $148.89 on Wednesday. J.B. Hunt Transport Services has a 1 year low of $122.79 and a 1 year high of $200.40. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.87 and a quick ratio of 0.89. The company has a market capitalization of $14.77 billion, a PE ratio of 27.07, a P/E/G ratio of 2.37 and a beta of 1.29. The company has a fifty day moving average of $144.65 and a 200 day moving average of $151.36.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Tuesday, July 15th. The transportation company reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.03). J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter in the previous year, the business posted $1.32 EPS. The business’s quarterly revenue was up .0% on a year-over-year basis. Research analysts forecast that J.B. Hunt Transport Services will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Friday, May 9th. J.B. Hunt Transport Services’s payout ratio is 32.00%.

Insider Buying and Selling

In other news, COO Nicholas Hobbs acquired 1,529 shares of the firm’s stock in a transaction on 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 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 position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.30% of the company’s stock.

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

A number of hedge funds have recently modified their holdings of JBHT. Signaturefd LLC boosted its stake in J.B. Hunt Transport Services by 8.0% during the fourth quarter. Signaturefd LLC now owns 820 shares of the transportation company’s stock worth $140,000 after buying an additional 61 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of J.B. Hunt Transport Services by 13.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 731 shares of the transportation company’s stock valued at $108,000 after acquiring an additional 85 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of J.B. Hunt Transport Services by 38.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 316 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 88 shares during the last quarter. Wahed Invest LLC increased its position in J.B. Hunt Transport Services by 4.6% during the fourth quarter. Wahed Invest LLC now owns 2,080 shares of the transportation company’s stock worth $355,000 after purchasing an additional 91 shares during the last quarter. Finally, Man Group plc increased its position in J.B. Hunt Transport Services by 0.9% during the fourth quarter. Man Group plc now owns 11,165 shares of the transportation company’s stock worth $1,905,000 after purchasing an additional 98 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.