J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Receives $190.11 Average PT from Analysts

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) has been given a consensus recommendation of “Moderate Buy” by the eighteen ratings firms that are covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $190.11.

A number of research analysts have issued reports on the company. TD Cowen lifted their price objective on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Citigroup lifted their price target on shares of J.B. Hunt Transport Services from $204.00 to $227.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Susquehanna upped their price objective on shares of J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Stifel Nicolaus lifted their target price on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Finally, Benchmark reissued a “buy” rating and issued a $185.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th.

J.B. Hunt Transport Services Stock Up 1.3 %

Shares of JBHT stock opened at $190.86 on Friday. 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 quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. The firm has a market cap of $19.24 billion, a PE ratio of 34.70, a price-to-earnings-growth ratio of 2.91 and a beta of 1.14. The stock has a 50 day moving average of $177.23 and a 200-day moving average of $168.98.

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, topping the consensus estimate of $1.42 by $0.07. The firm had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.04 billion. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. During the same period last year, the business earned $1.80 earnings per share. On average, equities analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Friday, November 8th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 31.27%.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, SVP Kevin Bracy sold 1,614 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $189.87, for a total transaction of $306,450.18. Following the completion of the sale, the senior vice president now owns 8,235 shares of the company’s stock, valued at $1,563,579.45. This represents a 16.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Spencer Frazier sold 2,200 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total value of $427,262.00. Following the completion of the sale, the executive vice president now directly owns 4,050 shares of the company’s stock, valued at $786,550.50. The trade was a 35.20 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 5,314 shares of company stock worth $1,008,962. 2.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On J.B. Hunt Transport Services

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Tidal Investments LLC grew its holdings in shares of J.B. Hunt Transport Services by 23.4% in the third quarter. Tidal Investments LLC now owns 4,196 shares of the transportation company’s stock worth $723,000 after acquiring an additional 795 shares during the period. Arvest Bank Trust Division purchased a new position in J.B. Hunt Transport Services in the third quarter worth about $1,578,000. Sanctuary Advisors LLC grew its stake in shares of J.B. Hunt Transport Services by 42.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 6,047 shares of the transportation company’s stock valued at $1,103,000 after purchasing an additional 1,789 shares during the period. Toronto Dominion Bank increased its position in shares of J.B. Hunt Transport Services by 0.5% during the 3rd quarter. Toronto Dominion Bank now owns 40,139 shares of the transportation company’s stock valued at $6,917,000 after purchasing an additional 206 shares during the last quarter. Finally, Coldstream Capital Management Inc. bought a new position in shares of J.B. Hunt Transport Services in the 3rd quarter worth approximately $223,000. 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.