J.B. Hunt Transport Services (NASDAQ:JBHT) PT Lowered to $183.00 at Evercore ISI

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target cut by Evercore ISI from $185.00 to $183.00 in a report published on Thursday, Benzinga reports. They currently have an outperform rating on the transportation company’s stock.

Other equities research analysts have also recently issued reports about the stock. Benchmark reiterated a buy rating and issued a $185.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday. BMO Capital Markets reiterated an outperform rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a report on Tuesday, September 24th. Barclays reduced their target price on shares of J.B. Hunt Transport Services from $170.00 to $160.00 and set an equal weight rating for the company in a report on Wednesday, July 17th. TD Cowen decreased their price target on shares of J.B. Hunt Transport Services from $181.00 to $161.00 and set a hold rating on the stock in a research report on Wednesday, July 17th. Finally, Loop Capital cut their price objective on J.B. Hunt Transport Services from $177.00 to $173.00 and set a hold rating for the company in a research report on Thursday, July 18th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, J.B. Hunt Transport Services has an average rating of Moderate Buy and a consensus target price of $182.06.

J.B. Hunt Transport Services Trading Down 1.3 %

J.B. Hunt Transport Services stock opened at $164.52 on Thursday. J.B. Hunt Transport Services has a 12-month low of $153.12 and a 12-month high of $219.51. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market capitalization of $16.98 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 2.86 and a beta of 1.15. The firm has a 50 day simple moving average of $169.75 and a 200-day simple moving average of $169.37.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results 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). J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the previous year, the business posted $1.81 earnings per share. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. As a group, equities research analysts expect that J.B. Hunt Transport Services will post 5.7 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 2nd were issued a $0.43 dividend. The ex-dividend date of this dividend was 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 dividend payout ratio is 27.30%.

Insider Transactions at J.B. Hunt Transport Services

In related news, Director Persio V. Lisboa acquired 600 shares of the stock in a transaction that occurred on Friday, July 19th. The shares were purchased at an average cost of $163.47 per share, with a total value of $98,082.00. Following the completion of the transaction, the director now owns 3,594 shares of the company’s stock, valued at approximately $587,511.18. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Persio V. Lisboa bought 600 shares of the firm’s stock in a transaction on Friday, July 19th. The stock was bought at an average price of $163.47 per share, with a total value of $98,082.00. Following the purchase, the director now directly owns 3,594 shares of the company’s stock, valued at approximately $587,511.18. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Darren P. Field sold 3,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the transaction, the executive vice president now owns 14,150 shares in the company, valued at approximately $2,476,674.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is owned by insiders.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Silvercrest Asset Management Group LLC grew its stake in shares of J.B. Hunt Transport Services by 24.5% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 29,302 shares of the transportation company’s stock valued at $5,838,000 after buying an additional 5,767 shares in the last quarter. Vanguard Group Inc. grew its position in J.B. Hunt Transport Services by 0.3% in the first quarter. Vanguard Group Inc. now owns 9,769,777 shares of the transportation company’s stock worth $1,946,628,000 after acquiring an additional 25,109 shares in the last quarter. Empirical Capital Management LLC acquired a new position in shares of J.B. Hunt Transport Services during the 4th quarter worth $8,089,000. Jennison Associates LLC raised its holdings in shares of J.B. Hunt Transport Services by 11.2% during the 1st quarter. Jennison Associates LLC now owns 197,809 shares of the transportation company’s stock valued at $39,413,000 after purchasing an additional 19,987 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of J.B. Hunt Transport Services during the 4th quarter valued at $1,795,000. 74.95% of the stock is owned by hedge funds and other institutional investors.

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.