Brokerages Set J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Target Price at $187.56

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) have been assigned a consensus rating of “Moderate Buy” from the eighteen brokerages that are covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $187.56.

JBHT has been the topic of several research reports. Benchmark restated a “buy” rating and issued a $185.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Loop Capital lifted their target price on shares of J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a “hold” rating in a research note on Thursday, October 17th. Barclays upped their target price on shares of J.B. Hunt Transport Services from $160.00 to $175.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Stephens restated an “overweight” rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Finally, Bank of America increased their price objective on shares of J.B. Hunt Transport Services from $188.00 to $196.00 and gave the company a “buy” rating in a report on Wednesday, October 16th.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ JBHT opened at $185.56 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a fifty day moving average of $172.46 and a 200 day moving average of $166.73. The firm has a market cap of $18.71 billion, a PE ratio of 33.74, a PEG ratio of 3.10 and a beta of 1.14. J.B. Hunt Transport Services has a one year low of $153.12 and a one year high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.07. The business had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.04 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. During the same quarter in the previous year, the company earned $1.80 earnings per share. As a group, research analysts predict that J.B. Hunt Transport Services will post 5.68 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.72 annualized dividend and a yield of 0.93%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 31.27%.

Insider Buying and Selling at J.B. Hunt Transport Services

In other news, EVP Darren P. Field sold 3,000 shares of J.B. Hunt Transport Services stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $175.03, for a total value of $525,090.00. Following the completion of the sale, the executive vice president now directly owns 14,150 shares of the company’s stock, valued at approximately $2,476,674.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Darren P. Field sold 3,000 shares of the stock in a transaction dated Friday, August 23rd. The stock was 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 of the company’s stock, valued at approximately $2,476,674.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Darren P. Field sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total value of $275,250.00. Following the completion of the transaction, the executive vice president now directly owns 12,650 shares of the company’s stock, valued at approximately $2,321,275. 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 corporate insiders.

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

Hedge funds have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC increased its position in shares of J.B. Hunt Transport Services by 4.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,324 shares of the transportation company’s stock worth $662,000 after acquiring an additional 128 shares during the period. Uncommon Cents Investing LLC raised its position in J.B. Hunt Transport Services by 3.0% in the 1st quarter. Uncommon Cents Investing LLC now owns 4,150 shares of the transportation company’s stock valued at $827,000 after purchasing an additional 120 shares in the last quarter. Tempus Wealth Planning LLC grew its position in shares of J.B. Hunt Transport Services by 2.7% during the first quarter. Tempus Wealth Planning LLC now owns 5,781 shares of the transportation company’s stock worth $1,152,000 after buying an additional 153 shares in the last quarter. Oak Harvest Investment Services grew its position in shares of J.B. Hunt Transport Services by 9.8% during the first quarter. Oak Harvest Investment Services now owns 3,714 shares of the transportation company’s stock worth $740,000 after buying an additional 332 shares in the last quarter. Finally, New Century Financial Group LLC increased its stake in shares of J.B. Hunt Transport Services by 5.1% during the first quarter. New Century Financial Group LLC now owns 2,706 shares of the transportation company’s stock worth $539,000 after buying an additional 132 shares during the period. 74.95% of the stock is currently owned by institutional investors and hedge funds.

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.