J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Increased to $195.00 by Analysts at BMO Capital Markets

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective boosted by BMO Capital Markets from $188.00 to $195.00 in a research note released on Wednesday morning, Benzinga reports. BMO Capital Markets currently has an outperform rating on the transportation company’s stock.

A number of other analysts have also recently issued reports on the stock. Stephens reduced their price objective on shares of J.B. Hunt Transport Services from $210.00 to $192.00 and set an overweight rating for the company in a research note on Wednesday, April 17th. StockNews.com raised shares of J.B. Hunt Transport Services from a sell rating to a hold rating in a research note on Monday, April 29th. Evercore ISI cut their target price on shares of J.B. Hunt Transport Services from $199.00 to $191.00 and set an outperform rating for the company in a research note on Tuesday, June 25th. Bank of America cut their target price on shares of J.B. Hunt Transport Services from $215.00 to $199.00 and set a buy rating for the company in a research note on Wednesday, April 17th. Finally, Benchmark cut their target price on shares of J.B. Hunt Transport Services from $200.00 to $185.00 and set a buy rating for the company in a research note on Wednesday, July 10th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and an average target price of $183.25.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ JBHT opened at $164.18 on Wednesday. The firm has a fifty day moving average price of $160.44 and a 200-day moving average price of $181.96. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.21 and a quick ratio of 1.26. The stock has a market cap of $16.94 billion, a PE ratio of 26.06, a price-to-earnings-growth ratio of 2.52 and a beta of 1.14. J.B. Hunt Transport Services has a 1 year low of $153.12 and a 1 year high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Tuesday, July 16th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.19). The firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $3.02 billion. J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. The business’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period last year, the company earned $1.81 earnings per share. Equities analysts anticipate that J.B. Hunt Transport Services will post 6.1 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Friday, August 2nd will be paid a $0.43 dividend. The ex-dividend date of this dividend is Friday, August 2nd. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.05%. J.B. Hunt Transport Services’s payout ratio is currently 27.30%.

Insiders Place Their Bets

In other news, CEO John N. Roberts bought 6,200 shares of the stock in a transaction dated Friday, April 26th. The stock was purchased at an average price 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 $50,565,592.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO John N. Roberts acquired 6,200 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was bought at an average price of $161.06 per share, for a total transaction of $998,572.00. Following the acquisition, the chief executive officer now directly owns 313,955 shares of the company’s stock, valued at approximately $50,565,592.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Persio V. Lisboa acquired 600 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The shares were bought at an average price of $163.47 per share, with a total value of $98,082.00. Following the acquisition, the director now directly owns 3,594 shares in the company, valued at $587,511.18. The disclosure for this purchase can be found here. Corporate insiders own 2.10% of the company’s stock.

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

Large investors have recently modified their holdings of the business. Versant Capital Management Inc raised its holdings in shares of J.B. Hunt Transport Services by 382.1% in the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 149 shares in the last quarter. YHB Investment Advisors Inc. bought a new stake in shares of J.B. Hunt Transport Services in the 1st quarter valued at about $40,000. Blue Trust Inc. raised its holdings in shares of J.B. Hunt Transport Services by 232.1% in the 2nd quarter. Blue Trust Inc. now owns 269 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 188 shares in the last quarter. Neo Ivy Capital Management bought a new stake in shares of J.B. Hunt Transport Services in the 4th quarter valued at about $49,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of J.B. Hunt Transport Services by 99.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 267 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 133 shares in the last quarter. Institutional investors 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.