JPMorgan Chase & Co. Trims J.B. Hunt Transport Services (NASDAQ:JBHT) Target Price to $184.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price decreased by JPMorgan Chase & Co. from $204.00 to $184.00 in a report published on Tuesday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the transportation company’s stock.

Several other analysts have also recently weighed in on the stock. StockNews.com upgraded shares of J.B. Hunt Transport Services from a sell rating to a hold rating in a research report on Monday, April 29th. Morgan Stanley lowered their price objective on shares of J.B. Hunt Transport Services from $162.00 to $160.00 and set an equal weight rating on the stock in a research report on Monday. Stifel Nicolaus lowered their price objective on shares of J.B. Hunt Transport Services from $188.00 to $173.00 and set a hold rating on the stock in a research report on Wednesday, April 17th. Susquehanna lowered their price objective on shares of J.B. Hunt Transport Services from $195.00 to $185.00 and set a neutral rating on the stock in a research report on Wednesday, April 17th. Finally, Robert W. Baird decreased their target price 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 report on Wednesday, April 17th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $187.94.

J.B. Hunt Transport Services Stock Up 2.2 %

Shares of NASDAQ:JBHT opened at $163.31 on Tuesday. The firm has a fifty day moving average price of $160.60 and a two-hundred day moving average price of $183.50. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.26 and a quick ratio of 1.26. J.B. Hunt Transport Services has a one year low of $153.12 and a one year high of $219.51. The company has a market cap of $16.85 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 1.81 and a beta of 1.14.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Tuesday, April 16th. The transportation company reported $1.22 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.31). The firm had revenue of $2.94 billion during 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%. Analysts anticipate that J.B. Hunt Transport Services will post 6.49 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Thursday, May 9th. J.B. Hunt Transport Services’s payout ratio is 27.30%.

Insider Activity

In related news, CEO John N. Roberts bought 6,200 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were purchased at an average price of $161.06 per share, with a total value of $998,572.00. Following the purchase, the chief executive officer now 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 SEC, which is available through the SEC website. Insiders own 2.10% of the company’s stock.

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

A number of large investors have recently modified their holdings of JBHT. Trillium Asset Management LLC boosted its stake in J.B. Hunt Transport Services by 19.3% during the fourth quarter. Trillium Asset Management LLC now owns 174,450 shares of the transportation company’s stock worth $34,844,000 after acquiring an additional 28,202 shares in the last quarter. Empirical Capital Management LLC bought a new stake in J.B. Hunt Transport Services during the fourth quarter worth about $8,089,000. Virtu Financial LLC bought a new stake in J.B. Hunt Transport Services during the fourth quarter worth about $1,795,000. Jennison Associates LLC boosted its stake in J.B. Hunt Transport Services by 11.2% during the first quarter. Jennison Associates LLC now owns 197,809 shares of the transportation company’s stock worth $39,413,000 after acquiring an additional 19,987 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in J.B. Hunt Transport Services during the fourth quarter worth about $11,513,000. Institutional investors own 74.95% of the company’s stock.

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.