J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Cut to $160.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective cut by Morgan Stanley from $162.00 to $160.00 in a report published on Monday morning, Benzinga reports. They currently have an equal weight rating on the transportation company’s stock.

JBHT has been the subject of several other research reports. Susquehanna lowered their price target on shares of J.B. Hunt Transport Services from $195.00 to $185.00 and set a neutral rating for the company in a report on Wednesday, April 17th. Wells Fargo & Company started coverage on shares of J.B. Hunt Transport Services in a research report on Friday, June 7th. They set an overweight rating and a $185.00 price objective for the company. Evercore ISI reduced their price objective 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 report on Tuesday, June 25th. 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 report on Wednesday, April 17th. Finally, Benchmark restated a buy rating and set a $215.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 17th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, J.B. Hunt Transport Services has an average rating of Moderate Buy and an average target price of $187.94.

J.B. Hunt Transport Services Price Performance

J.B. Hunt Transport Services stock opened at $159.78 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market capitalization of $16.49 billion, a price-to-earnings ratio of 25.36, a price-to-earnings-growth ratio of 1.78 and a beta of 1.14. The company’s 50 day simple moving average is $160.63 and its 200-day simple moving average is $183.64. 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, April 16th. The transportation company reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.31). J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.25%. The business had revenue of $2.94 billion during the quarter, compared to analyst estimates of $3.12 billion. As a group, equities research analysts expect that J.B. Hunt Transport Services will post 6.53 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.72 annualized dividend and a dividend yield of 1.08%. J.B. Hunt Transport Services’s payout ratio is currently 27.30%.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, CEO John N. Roberts purchased 6,200 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were purchased at an average price of $161.06 per share, for a total transaction of $998,572.00. Following the completion of the acquisition, the chief executive officer now owns 313,955 shares of the company’s stock, valued at approximately $50,565,592.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc raised its holdings in J.B. Hunt Transport Services by 382.1% in the second quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock valued at $30,000 after buying an additional 149 shares during the period. VisionPoint Advisory Group LLC grew its position in J.B. Hunt Transport Services by 104.8% in the third quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 87 shares in the last quarter. YHB Investment Advisors Inc. acquired a new stake in J.B. Hunt Transport Services in the first quarter valued at approximately $40,000. Neo Ivy Capital Management acquired a new stake in J.B. Hunt Transport Services in the fourth quarter valued at approximately $49,000. Finally, Whittier Trust Co. of Nevada Inc. grew its position in J.B. Hunt Transport Services by 99.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 267 shares of the transportation company’s stock valued at $53,000 after acquiring an additional 133 shares in the last quarter. Hedge funds and other 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.