Loop Capital Boosts J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $187.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target raised by Loop Capital from $173.00 to $187.00 in a research report report published on Thursday, Benzinga reports. The brokerage currently has a hold rating on the transportation company’s stock.

Several other brokerages have also weighed in on JBHT. Evercore ISI increased their target price on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Stephens reaffirmed an “overweight” rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. JPMorgan Chase & Co. reduced their target price 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. Susquehanna upped their target price on shares of J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $187.56.

J.B. Hunt Transport Services Trading Up 2.0 %

NASDAQ JBHT opened at $176.87 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.21 and a current ratio of 1.21. J.B. Hunt Transport Services has a one year low of $153.12 and a one year high of $219.51. The company has a 50-day simple moving average of $170.75 and a 200-day simple moving average of $167.50. The firm has a market capitalization of $18.25 billion, a PE ratio of 28.07, a price-to-earnings-growth ratio of 2.84 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.07. The company had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.04 billion. J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. During the same period in the previous year, the firm posted $1.80 earnings per share. On average, equities analysts forecast that J.B. Hunt Transport Services will post 5.6 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Friday, November 8th. J.B. Hunt Transport Services’s payout ratio is 27.30%.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 3,000 shares of the 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 completion of the sale, the executive vice president now directly owns 14,150 shares of the company’s stock, valued at $2,476,674.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc boosted its stake in shares of J.B. Hunt Transport Services by 382.1% during the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock worth $30,000 after acquiring an additional 149 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of J.B. Hunt Transport Services during the second quarter valued at $31,000. nVerses Capital LLC acquired a new position in shares of J.B. Hunt Transport Services in the 2nd quarter valued at $32,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of J.B. Hunt Transport Services in the second quarter worth approximately $36,000. Finally, International Assets Investment Management LLC purchased a new position in J.B. Hunt Transport Services during the 2nd quarter worth approximately $40,000. 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.