J.B. Hunt Transport Services (NASDAQ:JBHT) PT Lowered to $191.00 at Evercore ISI

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target reduced by Evercore ISI from $199.00 to $191.00 in a research note published on Tuesday, Benzinga reports. They currently have an outperform rating on the transportation company’s stock.

Several other analysts have also recently commented on JBHT. Barclays reduced their target price on shares of J.B. Hunt Transport Services from $200.00 to $170.00 and set an equal weight rating for the company in a research note on Wednesday, April 17th. BMO Capital Markets dropped their target price on J.B. Hunt Transport Services from $218.00 to $200.00 and set an outperform rating on the stock in a research report on Thursday, April 18th. Benchmark reissued a buy rating and issued a $215.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, April 17th. StockNews.com raised J.B. Hunt Transport Services from a sell rating to a hold rating in a report on Monday, April 29th. Finally, Wells Fargo & Company initiated coverage on J.B. Hunt Transport Services in a report on Friday, June 7th. They issued an overweight rating and a $185.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services currently has a consensus rating of Moderate Buy and a consensus price target of $192.29.

J.B. Hunt Transport Services Price Performance

Shares of JBHT opened at $157.12 on Tuesday. The company has a market capitalization of $16.21 billion, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of 1.78 and a beta of 1.15. J.B. Hunt Transport Services has a fifty-two week low of $153.12 and a fifty-two week high of $219.51. The firm has a 50-day simple moving average of $161.70 and a 200-day simple moving average of $186.22. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.26 and a current ratio of 1.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Tuesday, April 16th. The transportation company reported $1.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.31). J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.25%. The company had revenue of $2.94 billion during the quarter, compared to analyst estimates of $3.12 billion. On average, equities research analysts anticipate that J.B. Hunt Transport Services will post 6.48 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were given a $0.43 dividend. The ex-dividend date was Thursday, May 9th. This represents a $1.72 annualized dividend and a dividend yield of 1.09%. J.B. Hunt Transport Services’s dividend payout ratio is currently 27.30%.

Insider Buying and Selling

In other news, CEO John N. Roberts bought 6,200 shares of J.B. Hunt Transport Services stock in a transaction on Friday, April 26th. The shares were bought at an average cost of $161.06 per share, for a total transaction of $998,572.00. Following the acquisition, the chief executive officer now owns 313,955 shares in the company, valued at $50,565,592.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Trillium Asset Management LLC lifted its position in J.B. Hunt Transport Services by 19.3% during the fourth quarter. Trillium Asset Management LLC now owns 174,450 shares of the transportation company’s stock worth $34,844,000 after buying an additional 28,202 shares during the period. Empirical Capital Management LLC acquired a new stake in shares of J.B. Hunt Transport Services in the fourth quarter worth approximately $8,089,000. Virtu Financial LLC acquired a new stake in shares of J.B. Hunt Transport Services in the fourth quarter worth approximately $1,795,000. International Assets Investment Management LLC purchased a new stake in J.B. Hunt Transport Services in the fourth quarter valued at approximately $11,513,000. Finally, Trexquant Investment LP acquired a new position in J.B. Hunt Transport Services during the fourth quarter worth approximately $1,463,000. Hedge funds and other 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.