J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Raised to $145.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price boosted by Truist Financial from $140.00 to $145.00 in a research note published on Wednesday morning,Benzinga reports. They currently have a hold rating on the transportation company’s stock.

A number of other research firms have also recently issued reports on JBHT. Baird R W raised J.B. Hunt Transport Services to a “strong-buy” rating in a research report on Tuesday, July 1st. Robert W. Baird assumed coverage on J.B. Hunt Transport Services in a report on Tuesday, July 1st. They set an “outperform” rating and a $169.00 price target for the company. UBS Group restated a “buy” rating on shares of J.B. Hunt Transport Services in a report on Tuesday, July 8th. Bank of America lifted their target price on shares of J.B. Hunt Transport Services from $166.00 to $171.00 and gave the company a “buy” rating in a research note on Thursday, July 10th. Finally, TD Cowen dropped their price target on shares of J.B. Hunt Transport Services from $160.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday, April 16th. Ten investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.90.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT stock opened at $148.89 on Wednesday. The company has a market capitalization of $14.77 billion, a price-to-earnings ratio of 27.07, a P/E/G ratio of 2.37 and a beta of 1.29. 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 current ratio of 0.87, a quick ratio of 0.89 and a debt-to-equity ratio of 0.28. The stock’s fifty day simple moving average is $144.65 and its 200-day simple moving average is $151.36.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Tuesday, July 15th. The transportation company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.03). The business had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.93 billion. J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. The company’s revenue was up .0% compared to the same quarter last year. During the same period last year, the firm earned $1.32 EPS. On average, sell-side analysts predict that J.B. Hunt Transport Services will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Friday, May 9th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 32.00%.

Insiders Place Their Bets

In related news, COO Nicholas Hobbs bought 1,529 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, April 23rd. The stock was acquired at an average price of $130.75 per share, for a total transaction of $199,916.75. Following the completion of the purchase, the chief operating officer owned 91,847 shares in the company, valued at approximately $12,008,995.25. This represents a 1.69% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of JBHT. Vanguard Group Inc. raised its stake in shares of J.B. Hunt Transport Services by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 10,048,462 shares of the transportation company’s stock valued at $1,486,670,000 after buying an additional 195,873 shares in the last quarter. JPMorgan Chase & Co. increased its stake in J.B. Hunt Transport Services by 14.6% in the first quarter. JPMorgan Chase & Co. now owns 4,853,092 shares of the transportation company’s stock valued at $718,015,000 after acquiring an additional 616,986 shares during the period. Janus Henderson Group PLC raised its position in J.B. Hunt Transport Services by 0.5% in the fourth quarter. Janus Henderson Group PLC now owns 3,390,200 shares of the transportation company’s stock worth $578,572,000 after purchasing an additional 15,476 shares in the last quarter. Invesco Ltd. lifted its stake in J.B. Hunt Transport Services by 5.1% during the fourth quarter. Invesco Ltd. now owns 2,124,425 shares of the transportation company’s stock worth $362,554,000 after purchasing an additional 104,019 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in J.B. Hunt Transport Services by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,997,568 shares of the transportation company’s stock valued at $340,049,000 after purchasing an additional 8,968 shares in the last quarter. 74.95% of the stock is owned by institutional investors.

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.