Brokerages Set J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Target Price at $192.29

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) have earned an average rating of “Moderate Buy” from the sixteen analysts that are presently covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $191.38.

JBHT has been the subject of several recent analyst reports. Stifel Nicolaus dropped their target price on J.B. Hunt Transport Services from $188.00 to $173.00 and set a “hold” rating for the company in a research report on Wednesday, April 17th. Bank of America cut their price objective on J.B. Hunt Transport Services from $215.00 to $199.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Susquehanna decreased their target price on J.B. Hunt Transport Services from $195.00 to $185.00 and set a “neutral” rating for the company in a research report on Wednesday, April 17th. TD Cowen lowered their target price on shares of J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating for the company in a research note on Wednesday, April 17th. Finally, Robert W. Baird reduced their price target on shares of J.B. Hunt Transport Services from $215.00 to $205.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 17th.

Insiders Place Their Bets

In related news, CEO John N. Roberts purchased 6,200 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were acquired 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 of the company’s stock, valued at approximately $50,565,592.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.10% of the stock is owned by company insiders.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. VisionPoint Advisory Group LLC lifted its position in shares of J.B. Hunt Transport Services by 104.8% during the third quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock valued at $32,000 after buying an additional 87 shares during the last quarter. Operose Advisors LLC purchased a new stake in J.B. Hunt Transport Services during the third quarter valued at approximately $34,000. YHB Investment Advisors Inc. acquired a new stake in J.B. Hunt Transport Services in the first quarter valued at approximately $40,000. Neo Ivy Capital Management purchased a new position in J.B. Hunt Transport Services in the fourth quarter worth $49,000. Finally, Whittier Trust Co. of Nevada Inc. increased its position in shares of J.B. Hunt Transport Services by 99.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 267 shares of the transportation company’s stock worth $53,000 after purchasing an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT opened at $158.71 on Thursday. The firm has a market capitalization of $16.38 billion, a PE ratio of 25.19, a PEG ratio of 1.82 and a beta of 1.14. The stock’s fifty day moving average is $161.10 and its 200 day moving average is $185.09. J.B. Hunt Transport Services has a fifty-two week low of $153.12 and a fifty-two week high of $219.51. 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 posted its quarterly earnings data on Tuesday, April 16th. The transportation company reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.31). The firm had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $3.12 billion. J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.25%. On average, sell-side 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date was Thursday, May 9th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 27.30%.

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.