Citigroup Forecasts Strong Price Appreciation for J.B. Hunt Transport Services (NASDAQ:JBHT) Stock

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective upped by Citigroup from $204.00 to $227.00 in a report issued on Tuesday,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

Several other equities research analysts have also recently commented on JBHT. BMO Capital Markets reaffirmed an “outperform” rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Barclays lifted their price objective on J.B. Hunt Transport Services from $160.00 to $175.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. TD Cowen increased their target price on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Loop Capital lifted their price target on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. Finally, Stifel Nicolaus raised their price objective on J.B. Hunt Transport Services from $151.00 to $167.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $189.00.

J.B. Hunt Transport Services Price Performance

Shares of J.B. Hunt Transport Services stock opened at $192.54 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 0.94. J.B. Hunt Transport Services has a one year low of $153.12 and a one year high of $219.51. The business’s 50 day simple moving average is $174.68 and its two-hundred day simple moving average is $167.83. The stock has a market capitalization of $19.41 billion, a P/E ratio of 35.01, a price-to-earnings-growth ratio of 3.37 and a beta of 1.14.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.07. The business had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.04 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. During the same quarter in the prior year, the company posted $1.80 EPS. Analysts forecast that J.B. Hunt Transport Services will post 5.7 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Friday, November 8th. J.B. Hunt Transport Services’s payout ratio is currently 31.27%.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of the company’s stock in a transaction dated 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total value of $275,250.00. Following the completion of the sale, the executive vice president now owns 12,650 shares of the company’s stock, valued at approximately $2,321,275. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Darren P. Field sold 3,000 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total value of $525,090.00. Following the transaction, the executive vice president now directly owns 14,150 shares in the company, valued at $2,476,674.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,314 shares of company stock worth $1,534,052. 2.10% of the stock is owned by corporate insiders.

Institutional Trading of J.B. Hunt Transport Services

Large investors have recently modified their holdings of the company. Studio Investment Management LLC grew its stake in shares of J.B. Hunt Transport Services by 5.4% during the 3rd quarter. Studio Investment Management LLC now owns 1,068 shares of the transportation company’s stock valued at $184,000 after purchasing an additional 55 shares during the period. Empirical Finance LLC boosted its holdings in shares of J.B. Hunt Transport Services by 2.0% in the third quarter. Empirical Finance LLC now owns 2,855 shares of the transportation company’s stock worth $492,000 after buying an additional 56 shares during the last quarter. Farther Finance Advisors LLC grew its position in J.B. Hunt Transport Services by 18.3% during the third quarter. Farther Finance Advisors LLC now owns 388 shares of the transportation company’s stock valued at $67,000 after buying an additional 60 shares during the period. Huntington National Bank increased its holdings in J.B. Hunt Transport Services by 21.8% during the third quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock valued at $59,000 after buying an additional 61 shares during the last quarter. Finally, Greenleaf Trust raised its position in J.B. Hunt Transport Services by 4.0% in the third quarter. Greenleaf Trust now owns 1,599 shares of the transportation company’s stock worth $276,000 after acquiring an additional 62 shares during the period. Institutional investors own 74.95% of the company’s stock.

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.