J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Lowered to $160.00 at Morgan Stanley

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective lowered by Morgan Stanley from $162.00 to $160.00 in a report issued on Monday morning, Benzinga reports. The firm currently has an equal weight rating on the transportation company’s stock.

Several other research firms have also recently commented on JBHT. Benchmark restated a buy rating and issued a $215.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 17th. Susquehanna lowered their target price on J.B. Hunt Transport Services from $195.00 to $185.00 and set a neutral rating on the stock in a research report on Wednesday, April 17th. Evercore ISI lowered their target price on J.B. Hunt Transport Services from $199.00 to $191.00 and set an outperform rating on the stock in a research report on Tuesday, June 25th. Stephens lowered their target price on J.B. Hunt Transport Services from $210.00 to $192.00 and set an overweight rating on the stock in a research report on Wednesday, April 17th. Finally, BMO Capital Markets decreased their price target on J.B. Hunt Transport Services from $218.00 to $200.00 and set an outperform rating for the company in a research note on Thursday, April 18th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $187.94.

J.B. Hunt Transport Services Stock Up 2.2 %

Shares of J.B. Hunt Transport Services stock opened at $163.31 on Monday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.33. The business’s 50 day simple moving average is $160.60 and its 200-day simple moving average is $183.50. The stock has a market capitalization of $16.85 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 1.78 and a beta of 1.14. J.B. Hunt Transport Services has a twelve month low of $153.12 and a twelve month high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Tuesday, April 16th. The transportation company reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.31). J.B. Hunt Transport Services had a return on equity of 16.25% and a net margin of 5.25%. The company had revenue of $2.94 billion for the quarter, compared to analyst estimates of $3.12 billion. Equities research analysts forecast that J.B. Hunt Transport Services will post 6.53 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend was Thursday, May 9th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 27.30%.

Insider Buying and Selling

In other news, CEO John N. Roberts bought 6,200 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were acquired at an average cost of $161.06 per share, with a total value of $998,572.00. Following the completion of the transaction, the chief executive officer now directly owns 313,955 shares in the company, valued at $50,565,592.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is owned by company insiders.

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

A number of institutional investors have recently added to or reduced their stakes in JBHT. Versant Capital Management Inc grew its position in J.B. Hunt Transport Services by 382.1% during the second quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock worth $30,000 after buying an additional 149 shares in the last quarter. VisionPoint Advisory Group LLC boosted its holdings in J.B. Hunt Transport Services by 104.8% during the third quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 87 shares in the last quarter. YHB Investment Advisors Inc. acquired a new stake in J.B. Hunt Transport Services during the first quarter valued at approximately $40,000. Neo Ivy Capital Management acquired a new stake in J.B. Hunt Transport Services during the fourth quarter valued at approximately $49,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in J.B. Hunt Transport Services by 99.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 267 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 133 shares in the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.

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.