Brokerages Set J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Target Price at $181.88

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) have received an average recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $181.88.

Several research firms recently issued reports on JBHT. BMO Capital Markets increased their price target on shares of J.B. Hunt Transport Services from $188.00 to $195.00 and gave the stock an “outperform” rating in a report on Wednesday, July 17th. Susquehanna reduced their price target on J.B. Hunt Transport Services from $175.00 to $155.00 and set a “neutral” rating for the company in a report on Wednesday, July 17th. JPMorgan Chase & Co. decreased their price target on J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Loop Capital cut their price objective on J.B. Hunt Transport Services from $177.00 to $173.00 and set a “hold” rating for the company in a research report on Thursday, July 18th. Finally, Wells Fargo & Company began coverage on shares of J.B. Hunt Transport Services in a research report on Friday, June 7th. They set an “overweight” rating and a $185.00 target price on the stock.

Insiders Place Their Bets

In other news, EVP Darren P. Field sold 3,000 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $175.03, for a total value of $525,090.00. Following the sale, the executive vice president now directly owns 14,150 shares in the company, valued at $2,476,674.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Persio V. Lisboa purchased 600 shares of the stock in a transaction dated Friday, July 19th. The stock was acquired at an average cost of $163.47 per share, for a total transaction of $98,082.00. Following the completion of the acquisition, the director now directly owns 3,594 shares in the company, valued at approximately $587,511.18. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Darren P. Field sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the transaction, the executive vice president now directly owns 14,150 shares in the company, valued at approximately $2,476,674.50. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by company insiders.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in JBHT. Versant Capital Management Inc grew its holdings in J.B. Hunt Transport Services by 382.1% in the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock valued at $30,000 after buying an additional 149 shares during the period. Innealta Capital LLC purchased a new stake in J.B. Hunt Transport Services in the second quarter valued at approximately $31,000. nVerses Capital LLC acquired a new position in J.B. Hunt Transport Services during the second quarter worth approximately $32,000. Ashton Thomas Private Wealth LLC purchased a new position in J.B. Hunt Transport Services during the second quarter worth approximately $36,000. Finally, YHB Investment Advisors Inc. acquired a new position in shares of J.B. Hunt Transport Services in the 1st quarter valued at $40,000. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Trading Down 0.7 %

NASDAQ:JBHT opened at $167.40 on Tuesday. J.B. Hunt Transport Services has a 12-month low of $153.12 and a 12-month high of $219.51. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.36. The stock’s 50 day simple moving average is $168.40 and its 200-day simple moving average is $171.83. The firm has a market cap of $17.28 billion, a P/E ratio of 26.57, a PEG ratio of 2.84 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Tuesday, July 16th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.19). J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same period in the prior year, the firm posted $1.81 earnings per share. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. Equities analysts anticipate that J.B. Hunt Transport Services will post 5.7 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 2nd were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Friday, August 2nd. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 27.30%.

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.