J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Receives $187.56 Consensus Target Price from Brokerages

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) have earned a consensus recommendation of “Moderate Buy” from the eighteen research firms that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $187.56.

Several equities research analysts have issued reports on the company. Citigroup assumed coverage on J.B. Hunt Transport Services in a research note on Wednesday, October 9th. They set a “buy” rating and a $201.00 price target for the company. TD Cowen upped their target price on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Loop Capital lifted their price target 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. Evercore ISI boosted their price objective on shares of J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, Barclays increased their target price on shares of J.B. Hunt Transport Services from $160.00 to $175.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th.

J.B. Hunt Transport Services Trading Up 0.2 %

Shares of JBHT opened at $180.96 on Wednesday. J.B. Hunt Transport Services has a 1-year low of $153.12 and a 1-year high of $219.51. The company has a market capitalization of $18.25 billion, a P/E ratio of 32.90, a P/E/G ratio of 3.10 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 1.21. The firm’s 50 day simple moving average is $172.34 and its 200 day simple moving average is $166.61.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.07. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. The firm had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter last year, the company posted $1.80 EPS. Sell-side analysts forecast that J.B. Hunt Transport Services will post 5.68 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm 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 dividend of $0.43 per share. The ex-dividend date is Friday, November 8th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.95%. J.B. Hunt Transport Services’s dividend payout ratio is presently 31.27%.

Insider Activity at J.B. Hunt Transport Services

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

Institutional Trading of J.B. Hunt Transport Services

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Mach 1 Financial Group LLC lifted its position in J.B. Hunt Transport Services by 3.9% during the 3rd quarter. Mach 1 Financial Group LLC now owns 2,101 shares of the transportation company’s stock valued at $362,000 after acquiring an additional 78 shares during the period. Verdence Capital Advisors LLC lifted its holdings in shares of J.B. Hunt Transport Services by 5.5% during the third quarter. Verdence Capital Advisors LLC now owns 2,045 shares of the transportation company’s stock valued at $352,000 after purchasing an additional 107 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of J.B. Hunt Transport Services during the third quarter valued at approximately $95,000. Principal Financial Group Inc. grew its stake in shares of J.B. Hunt Transport Services by 1.8% in the 3rd quarter. Principal Financial Group Inc. now owns 98,725 shares of the transportation company’s stock worth $17,013,000 after buying an additional 1,737 shares during the last quarter. Finally, Catalyst Capital Advisors LLC bought a new position in J.B. Hunt Transport Services during the 3rd quarter valued at approximately $26,000. 74.95% of the stock is owned by hedge funds and other institutional investors.

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.