J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Lowered to $175.00 at Benchmark

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target reduced by Benchmark from $195.00 to $175.00 in a research note released on Tuesday,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

Several other equities analysts have also issued reports on JBHT. Truist Financial assumed coverage on J.B. Hunt Transport Services in a research report on Thursday, March 13th. They set a “hold” rating and a $165.00 target price for the company. UBS Group decreased their price objective on shares of J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating for the company in a report on Friday, January 17th. Citigroup cut their target price on shares of J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Deutsche Bank Aktiengesellschaft started coverage on shares of J.B. Hunt Transport Services in a report on Friday, March 7th. They issued a “hold” rating and a $167.00 price target for the company. Finally, Wells Fargo & Company dropped their price objective on J.B. Hunt Transport Services from $190.00 to $170.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $183.05.

J.B. Hunt Transport Services Price Performance

Shares of JBHT stock opened at $149.72 on Tuesday. The firm’s 50 day moving average price is $161.29 and its two-hundred day moving average price is $171.83. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. J.B. Hunt Transport Services has a 52-week low of $144.34 and a 52-week high of $200.40. The stock has a market cap of $14.97 billion, a PE ratio of 26.93, a PEG ratio of 1.61 and a beta of 1.16.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period last year, the company earned $1.47 EPS. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. As a group, analysts forecast that J.B. Hunt Transport Services will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $0.44 per share. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.76 annualized dividend and a yield of 1.18%. J.B. Hunt Transport Services’s dividend payout ratio is presently 31.65%.

Insider Activity at J.B. Hunt Transport Services

In other news, Director James K. Thompson sold 4,400 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total transaction of $771,628.00. Following the sale, the director now owns 23,559 shares in the company, valued at $4,131,541.83. This represents a 15.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Darren P. Field sold 1,200 shares of the firm’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $161.67, for a total transaction of $194,004.00. Following the completion of the transaction, the executive vice president now directly owns 17,822 shares of the company’s stock, valued at $2,881,282.74. This represents a 6.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

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

Institutional investors and hedge funds have recently modified their holdings of the company. iA Global Asset Management Inc. raised its stake in J.B. Hunt Transport Services by 2.6% in the third quarter. iA Global Asset Management Inc. now owns 2,133 shares of the transportation company’s stock valued at $368,000 after buying an additional 55 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of J.B. Hunt Transport Services by 1.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,097 shares of the transportation company’s stock valued at $878,000 after purchasing an additional 61 shares during the period. Signaturefd LLC raised its position in shares of J.B. Hunt Transport Services by 8.0% in the fourth quarter. Signaturefd LLC now owns 820 shares of the transportation company’s stock valued at $140,000 after purchasing an additional 61 shares during the period. Blue Trust Inc. lifted its position in J.B. Hunt Transport Services by 18.6% during the fourth quarter. Blue Trust Inc. now owns 535 shares of the transportation company’s stock worth $92,000 after acquiring an additional 84 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of J.B. Hunt Transport Services by 33.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company’s stock worth $58,000 after acquiring an additional 86 shares during the period. 74.95% of the stock is owned by institutional investors.

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.