J.B. Hunt Transport Services (NASDAQ:JBHT) Sets New 12-Month Low at $160.07

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) hit a new 52-week low during trading on Wednesday . The company traded as low as $160.07 and last traded at $169.52, with a volume of 903467 shares trading hands. The stock had previously closed at $182.99.

Wall Street Analyst Weigh In

JBHT has been the subject of a number of recent analyst reports. UBS Group raised J.B. Hunt Transport Services from a “neutral” rating to a “buy” rating and upped their price target for the company from $205.00 to $234.00 in a research note on Monday, January 22nd. Stifel Nicolaus reissued a “hold” rating and set a $188.00 target price on shares of J.B. Hunt Transport Services in a research note on Friday, January 19th. Barclays cut J.B. Hunt Transport Services from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $215.00 to $200.00 in a research note on Monday, April 1st. Stephens lowered their target price on J.B. Hunt Transport Services from $212.00 to $210.00 and set an “overweight” rating for the company in a research note on Thursday, April 4th. Finally, Raymond James increased their target price on J.B. Hunt Transport Services from $200.00 to $209.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and an average price target of $205.56.

J.B. Hunt Transport Services Trading Down 8.2 %

The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.15 and a current ratio of 1.17. The business has a 50-day simple moving average of $200.81 and a two-hundred day simple moving average of $193.34. The stock has a market cap of $17.35 billion, a price-to-earnings ratio of 26.25, a P/E/G ratio of 1.62 and a beta of 1.11.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Thursday, January 18th. The transportation company reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.27). The firm had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.29 billion. J.B. Hunt Transport Services had a return on equity of 18.40% and a net margin of 5.68%. The company’s revenue was down 9.6% compared to the same quarter last year. During the same period last year, the company earned $1.92 EPS. As a group, research analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.61 EPS 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. Stockholders of record on Friday, February 9th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Thursday, February 8th. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.42. J.B. Hunt Transport Services’s dividend payout ratio is presently 24.68%.

Insider Activity

In other news, insider Alfred C. Harper sold 6,500 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $212.71, for a total value of $1,382,615.00. Following the completion of the sale, the insider now owns 42,411 shares of the company’s stock, valued at approximately $9,021,243.81. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Chairman James K. Thompson sold 4,000 shares of the stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $206.48, for a total value of $825,920.00. Following the sale, the chairman now owns 28,259 shares in the company, valued at approximately $5,834,918.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Alfred C. Harper sold 6,500 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $212.71, for a total value of $1,382,615.00. Following the completion of the sale, the insider now owns 42,411 shares in the company, valued at approximately $9,021,243.81. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,432 shares of company stock valued at $4,309,687. 2.10% of the stock is owned by insiders.

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

Large investors have recently added to or reduced their stakes in the business. Clear Street Markets LLC raised its stake in J.B. Hunt Transport Services by 94.0% in the 1st quarter. Clear Street Markets LLC now owns 161 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 78 shares during the period. VisionPoint Advisory Group LLC increased its position in J.B. Hunt Transport Services by 104.8% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock worth $32,000 after buying an additional 87 shares during the period. Salem Investment Counselors Inc. increased its position in J.B. Hunt Transport Services by 69.1% during the 2nd quarter. Salem Investment Counselors Inc. now owns 208 shares of the transportation company’s stock worth $33,000 after buying an additional 85 shares during the period. Operose Advisors LLC bought a new position in J.B. Hunt Transport Services during the 3rd quarter worth $34,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in J.B. Hunt Transport Services during the 3rd quarter worth $36,000. 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.