J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Receives $161.90 Consensus Target Price from Analysts

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) have been given an average recommendation of “Moderate Buy” by the twenty analysts that are covering the stock, MarketBeat.com reports. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $161.90.

A number of equities analysts have recently issued reports on JBHT shares. The Goldman Sachs Group reiterated a “neutral” rating and set a $164.00 price objective on shares of J.B. Hunt Transport Services in a research note on Monday, June 2nd. Stifel Nicolaus set a $150.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 16th. Wells Fargo & Company dropped their price objective on shares of J.B. Hunt Transport Services from $170.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. TD Cowen lowered their target price on shares of J.B. Hunt Transport Services from $160.00 to $140.00 and set a “hold” rating for the company in a research note on Wednesday, April 16th. Finally, Benchmark restated a “buy” rating and issued a $175.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 16th.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, COO Nicholas Hobbs bought 1,529 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, April 23rd. The stock was purchased at an average price of $130.75 per share, with a total value of $199,916.75. Following the completion of the acquisition, the chief operating officer now directly owns 91,847 shares in the company, valued at approximately $12,008,995.25. This trade represents a 1.69% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Summit Securities Group LLC raised its holdings in shares of J.B. Hunt Transport Services by 19,600.0% during the first quarter. Summit Securities Group LLC now owns 197 shares of the transportation company’s stock worth $29,000 after purchasing an additional 196 shares during the last quarter. National Pension Service purchased a new position in shares of J.B. Hunt Transport Services during the fourth quarter worth $30,000. BankPlus Trust Department purchased a new position in shares of J.B. Hunt Transport Services during the fourth quarter worth $34,000. Allworth Financial LP raised its holdings in shares of J.B. Hunt Transport Services by 167.0% during the first quarter. Allworth Financial LP now owns 235 shares of the transportation company’s stock worth $35,000 after purchasing an additional 147 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its holdings in shares of J.B. Hunt Transport Services by 49.3% during the first quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company’s stock worth $49,000 after purchasing an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ:JBHT opened at $142.49 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. The firm’s 50 day simple moving average is $137.41 and its 200-day simple moving average is $155.91. J.B. Hunt Transport Services has a one year low of $122.79 and a one year high of $200.40. The firm has a market cap of $14.13 billion, a PE ratio of 25.63, a price-to-earnings-growth ratio of 1.61 and a beta of 1.30.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.02. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The firm had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.92 billion. As a group, equities analysts predict that J.B. Hunt Transport Services will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a dividend of $0.44 per share. The ex-dividend date was Friday, May 9th. This represents a $1.76 annualized dividend and a dividend yield of 1.24%. J.B. Hunt Transport Services’s payout ratio is currently 31.94%.

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.