Susquehanna Boosts J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $160.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective lifted by Susquehanna from $145.00 to $160.00 in a report published on Thursday, Benzinga reports. The brokerage currently has a neutral rating on the transportation company’s stock.

A number of other research analysts have also recently issued reports on the stock. Wells Fargo & Company started coverage on shares of J.B. Hunt Transport Services in a research note on Friday, June 7th. They issued an overweight rating and a $185.00 price objective on the stock. BMO Capital Markets reiterated an outperform rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a research report on Tuesday, September 24th. TD Cowen lowered their price objective on shares of J.B. Hunt Transport Services from $181.00 to $161.00 and set a hold rating for the company in a research report on Wednesday, July 17th. JPMorgan Chase & Co. dropped their price objective on shares of J.B. Hunt Transport Services from $204.00 to $184.00 and set an overweight rating for the company in a research note on Tuesday, July 9th. Finally, Stifel Nicolaus reduced their price objective on J.B. Hunt Transport Services from $173.00 to $151.00 and set a hold rating on the stock in a research report on Tuesday, July 23rd. 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, the stock has a consensus rating of Moderate Buy and an average price target of $182.19.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT opened at $172.35 on Thursday. The company has a market cap of $17.79 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 2.86 and a beta of 1.15. J.B. Hunt Transport Services has a fifty-two week low of $153.12 and a fifty-two week high of $219.51. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a fifty day moving average price of $169.64 and a 200-day moving average price of $170.15.

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 analysts’ consensus estimates of $1.51 by ($0.19). The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $3.02 billion. J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. The company’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.81 earnings per share. As a group, equities analysts anticipate that J.B. Hunt Transport Services will post 5.7 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 2nd were given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Friday, August 2nd. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 27.30%.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, Director Persio V. Lisboa bought 600 shares of the stock in a transaction on 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 owns 3,594 shares in the company, valued at approximately $587,511.18. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Persio V. Lisboa acquired 600 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, July 19th. The stock was bought at an average price of $163.47 per share, with a total value of $98,082.00. Following the transaction, 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 accessible through this link. Also, EVP Darren P. Field sold 3,000 shares of the business’s stock in a transaction 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 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 owned by corporate insiders.

Institutional Trading of J.B. Hunt Transport Services

Large investors have recently made changes to their positions in the company. Hsbc Holdings PLC boosted its holdings in J.B. Hunt Transport Services by 6.6% in the fourth quarter. Hsbc Holdings PLC now owns 196,945 shares of the transportation company’s stock worth $39,348,000 after acquiring an additional 12,272 shares in the last quarter. TD Asset Management Inc grew its position in J.B. Hunt Transport Services by 1.8% in the 4th quarter. TD Asset Management Inc now owns 398,847 shares of the transportation company’s stock valued at $79,666,000 after purchasing an additional 6,875 shares during the period. Treasurer of the State of North Carolina increased its stake in J.B. Hunt Transport Services by 0.9% during the 4th quarter. Treasurer of the State of North Carolina now owns 37,548 shares of the transportation company’s stock valued at $7,500,000 after purchasing an additional 350 shares in the last quarter. TFO Wealth Partners LLC raised its holdings in J.B. Hunt Transport Services by 94,800.0% during the fourth quarter. TFO Wealth Partners LLC now owns 2,847 shares of the transportation company’s stock worth $599,000 after buying an additional 2,844 shares during the last quarter. Finally, Burkett Financial Services LLC bought a new position in shares of J.B. Hunt Transport Services in the fourth quarter valued at $86,000. 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.