Analysts Set J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) PT at $181.88

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) have received an average recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $181.88.

JBHT has been the topic of a number of analyst reports. Stifel Nicolaus reduced their price target on J.B. Hunt Transport Services from $173.00 to $151.00 and set a “hold” rating on the stock in a research report on Tuesday, July 23rd. TD Cowen reduced their target price on J.B. Hunt Transport Services from $181.00 to $161.00 and set a “hold” rating on the stock in a report on Wednesday, July 17th. Evercore ISI lowered their price target on shares of J.B. Hunt Transport Services from $191.00 to $185.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Loop Capital dropped their price target on shares of J.B. Hunt Transport Services from $177.00 to $173.00 and set a “hold” rating on the stock in a research report on Thursday, July 18th. Finally, Wells Fargo & Company initiated 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.

J.B. Hunt Transport Services Stock Down 0.2 %

NASDAQ:JBHT opened at $168.86 on Tuesday. 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 debt-to-equity ratio of 0.36, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market cap of $17.43 billion, a PE ratio of 26.80, a P/E/G ratio of 2.82 and a beta of 1.15. The firm’s 50 day simple moving average is $168.01 and its 200 day simple moving average is $172.85.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Tuesday, July 16th. The transportation company reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.19). The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $3.02 billion. J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. J.B. Hunt Transport Services’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.81 EPS. On average, research analysts anticipate that J.B. Hunt Transport Services will post 5.7 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 2nd were paid a $0.43 dividend. The ex-dividend date was Friday, August 2nd. This represents a $1.72 annualized dividend and a dividend yield of 1.02%. J.B. Hunt Transport Services’s dividend payout ratio is presently 27.30%.

Insider Activity at J.B. Hunt Transport Services

In other news, Director Persio V. Lisboa purchased 600 shares of the business’s stock in a transaction on Friday, July 19th. The shares were acquired at an average price of $163.47 per share, for a total transaction of $98,082.00. Following the completion of the acquisition, the director now owns 3,594 shares in the company, valued at $587,511.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Darren P. Field sold 3,000 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the completion of the transaction, the executive vice president now directly owns 14,150 shares in the company, valued at $2,476,674.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Persio V. Lisboa bought 600 shares of the firm’s stock in a transaction dated Friday, July 19th. The shares were acquired at an average cost of $163.47 per share, with a total value of $98,082.00. Following the completion of the transaction, the director now owns 3,594 shares of the company’s stock, valued at $587,511.18. The disclosure for this purchase can be found here. 2.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On J.B. Hunt Transport Services

Hedge funds have recently added to or reduced their stakes in the stock. Trillium Asset Management LLC lifted its stake in J.B. Hunt Transport Services by 19.3% during the 4th quarter. Trillium Asset Management LLC now owns 174,450 shares of the transportation company’s stock valued at $34,844,000 after acquiring an additional 28,202 shares in the last quarter. Silvercrest Asset Management Group LLC lifted its position in shares of J.B. Hunt Transport Services by 24.5% during the first quarter. Silvercrest Asset Management Group LLC now owns 29,302 shares of the transportation company’s stock valued at $5,838,000 after purchasing an additional 5,767 shares in the last quarter. Vanguard Group Inc. boosted its holdings in J.B. Hunt Transport Services by 0.3% during the first quarter. Vanguard Group Inc. now owns 9,769,777 shares of the transportation company’s stock worth $1,946,628,000 after purchasing an additional 25,109 shares during the last quarter. Empirical Capital Management LLC bought a new stake in J.B. Hunt Transport Services in the 4th quarter worth about $8,089,000. Finally, Jennison Associates LLC increased its stake in J.B. Hunt Transport Services by 11.2% in the 1st quarter. Jennison Associates LLC now owns 197,809 shares of the transportation company’s stock valued at $39,413,000 after buying an additional 19,987 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

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.