J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Receives $191.11 Average Target Price from Analysts

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) have received an average recommendation of “Moderate Buy” from the eighteen analysts that are covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $191.11.

A number of equities analysts have recently commented on JBHT shares. Citigroup dropped their price target on shares of J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Barclays lifted their price target on shares of J.B. Hunt Transport Services from $175.00 to $195.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Stephens reissued an “overweight” rating and issued a $205.00 price target on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. Bank of America lifted their price target on shares of J.B. Hunt Transport Services from $195.00 to $206.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Finally, Stifel Nicolaus dropped their price target on shares of J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating on the stock in a research report on Wednesday, January 15th.

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

In other J.B. Hunt Transport Services news, Director James K. Thompson sold 4,400 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total value of $771,628.00. Following the sale, the director now owns 23,559 shares of the company’s stock, valued at $4,131,541.83. The trade was a 15.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.10% of the company’s stock.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. True Wealth Design LLC boosted its stake in shares of J.B. Hunt Transport Services by 2,028.6% in the 3rd quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 142 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of J.B. Hunt Transport Services in the 3rd quarter valued at $26,000. National Pension Service acquired a new stake in shares of J.B. Hunt Transport Services in the 4th quarter valued at $30,000. BankPlus Trust Department acquired a new stake in shares of J.B. Hunt Transport Services in the 4th quarter valued at $34,000. Finally, Versant Capital Management Inc boosted its stake in shares of J.B. Hunt Transport Services by 102.2% in the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 142 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Price Performance

NASDAQ JBHT opened at $162.26 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $16.23 billion, a PE ratio of 29.18, a price-to-earnings-growth ratio of 1.61 and a beta of 1.15. The company has a 50 day moving average price of $170.45 and a two-hundred day moving average price of $174.59. J.B. Hunt Transport Services has a 12-month low of $153.12 and a 12-month high of $204.43.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. J.B. Hunt Transport Services’s revenue was down 4.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.47 earnings per share. As a group, equities 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 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Friday, February 7th. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. J.B. Hunt Transport Services’s payout ratio is 31.65%.

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.