Susquehanna Trims J.B. Hunt Transport Services (NASDAQ:JBHT) Target Price to $195.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target decreased by Susquehanna from $200.00 to $195.00 in a research report sent to investors on Monday, Benzinga reports. Susquehanna currently has a neutral rating on the transportation company’s stock.

Several other analysts also recently commented on JBHT. Benchmark restated a buy rating and set a $215.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, March 13th. UBS Group upgraded shares of J.B. Hunt Transport Services from a neutral rating to a buy rating and lifted their price target for the company from $205.00 to $234.00 in a report on Monday, January 22nd. Stifel Nicolaus reiterated a hold rating and issued a $188.00 price target on shares of J.B. Hunt Transport Services in a report on Friday, January 19th. BMO Capital Markets raised shares of J.B. Hunt Transport Services from a market perform rating to an outperform rating and lifted their price objective for the stock from $200.00 to $220.00 in a research note on Monday, December 11th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of J.B. Hunt Transport Services from $220.00 to $212.00 and set an overweight rating for the company in a research note on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, J.B. Hunt Transport Services has a consensus rating of Moderate Buy and a consensus price target of $206.39.

J.B. Hunt Transport Services Trading Up 0.8 %

Shares of J.B. Hunt Transport Services stock opened at $195.20 on Monday. The company’s fifty day simple moving average is $204.16 and its 200-day simple moving average is $192.98. The stock has a market capitalization of $20.16 billion, a PE ratio of 28.01, a P/E/G ratio of 1.65 and a beta of 1.11. J.B. Hunt Transport Services has a 1-year low of $164.39 and a 1-year high of $219.51. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Thursday, January 18th. The transportation company reported $1.47 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.27). The firm had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.29 billion. J.B. Hunt Transport Services had a net margin of 5.68% and a return on equity of 18.40%. The firm’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.92 earnings per share. As a group, equities analysts anticipate that J.B. Hunt Transport Services will post 7.77 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.88%. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.42. The ex-dividend date was Thursday, February 8th. J.B. Hunt Transport Services’s payout ratio is 24.68%.

Insider Activity

In other J.B. Hunt Transport Services news, Director Patrick J. Ottensmeyer purchased 5,000 shares of J.B. Hunt Transport Services stock in a transaction dated Monday, March 4th. The stock was acquired at an average price of $202.99 per share, for a total transaction of $1,014,950.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at approximately $1,014,950. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Patrick J. Ottensmeyer bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was bought at an average price of $202.99 per share, with a total value of $1,014,950.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $1,014,950. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman James K. Thompson sold 4,000 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $206.48, for a total transaction of $825,920.00. Following the completion of the transaction, the chairman now directly owns 28,259 shares of the company’s stock, valued at approximately $5,834,918.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,432 shares of company stock worth $4,309,687. 2.10% of the stock is currently owned by corporate insiders.

Institutional Trading of J.B. Hunt Transport Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Clear Street Markets LLC grew its position in shares of J.B. Hunt Transport Services by 94.0% in the first quarter. Clear Street Markets LLC now owns 161 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 78 shares during the period. VisionPoint Advisory Group LLC grew its position in shares of J.B. Hunt Transport Services by 104.8% in the third quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 87 shares during the period. Operose Advisors LLC acquired a new stake in shares of J.B. Hunt Transport Services in the third quarter valued at about $34,000. VitalStone Financial LLC acquired a new stake in shares of J.B. Hunt Transport Services in the first quarter valued at about $38,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of J.B. Hunt Transport Services in the third quarter valued at about $36,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

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.