J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Receives $236.17 Consensus Price Target from Analysts

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) have received a consensus rating of “Moderate Buy” from the twenty-four research firms that are currently covering the stock, MarketBeat Ratings reports. Eleven research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $239.8696.

A number of equities research analysts have recently issued reports on JBHT shares. Evercore reissued an “outperform” rating and issued a $248.00 target price on shares of J.B. Hunt Transport Services in a research report on Monday, May 11th. UBS Group boosted their target price on shares of J.B. Hunt Transport Services from $216.00 to $221.00 and gave the company a “neutral” rating in a research report on Thursday, April 16th. Robert W. Baird boosted their target price on shares of J.B. Hunt Transport Services from $275.00 to $290.00 and gave the company an “outperform” rating in a research report on Wednesday, June 17th. Truist Financial boosted their target price on shares of J.B. Hunt Transport Services from $205.00 to $230.00 and gave the company a “hold” rating in a research report on Thursday, April 16th. Finally, Benchmark boosted their target price on shares of J.B. Hunt Transport Services from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Friday.

J.B. Hunt Transport Services Trading Up 2.0%

JBHT stock opened at $280.30 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. The company has a fifty day moving average price of $263.32 and a two-hundred day moving average price of $229.08. J.B. Hunt Transport Services has a one year low of $130.12 and a one year high of $293.54. The stock has a market cap of $26.43 billion, a price-to-earnings ratio of 43.39, a price-to-earnings-growth ratio of 2.04 and a beta of 1.30.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Wednesday, April 15th. The transportation company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.04. The firm had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.01 billion. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.17 earnings per share. Equities analysts anticipate that J.B. Hunt Transport Services will post 7.27 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, May 8th. J.B. Hunt Transport Services’s payout ratio is presently 27.86%.

Insider Buying and Selling

In related news, EVP Brian Webb sold 1,500 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $284.01, for a total value of $426,015.00. Following the completion of the transaction, the executive vice president owned 15,881 shares of the company’s stock, valued at $4,510,362.81. The trade was a 8.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Spencer Frazier sold 2,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $258.20, for a total value of $516,400.00. Following the completion of the transaction, the executive vice president directly owned 4,604 shares of the company’s stock, valued at approximately $1,188,752.80. This trade represents a 30.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 18,119 shares of company stock valued at $4,736,095 in the last 90 days. 2.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Basecamp Wealth Advisors LLC raised its stake in J.B. Hunt Transport Services by 250.0% in the first quarter. Basecamp Wealth Advisors LLC now owns 217 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 155 shares in the last quarter. Western Wealth Management LLC acquired a new position in J.B. Hunt Transport Services in the first quarter valued at about $124,000. Pacer Advisors Inc. raised its stake in J.B. Hunt Transport Services by 3,703.0% in the first quarter. Pacer Advisors Inc. now owns 275,830 shares of the transportation company’s stock valued at $58,448,000 after purchasing an additional 268,577 shares in the last quarter. Parallel Advisors LLC raised its stake in J.B. Hunt Transport Services by 5.2% in the first quarter. Parallel Advisors LLC now owns 1,167 shares of the transportation company’s stock valued at $247,000 after purchasing an additional 58 shares in the last quarter. Finally, Summitry LLC raised its stake in J.B. Hunt Transport Services by 2.9% in the first quarter. Summitry LLC now owns 1,560 shares of the transportation company’s stock valued at $331,000 after purchasing an additional 44 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.