Raymond James Increases J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $200.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price increased by Raymond James from $195.00 to $200.00 in a research report released on Friday,Benzinga reports. The firm currently has an outperform rating on the transportation company’s stock.

A number of other equities analysts have also issued reports on the company. BMO Capital Markets reissued an “outperform” rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Susquehanna raised J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 price target for the company in a research note on Friday, January 3rd. Stephens restated an “overweight” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Loop Capital increased their target price on shares of J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. Finally, TD Cowen boosted their price target on shares of J.B. Hunt Transport Services from $160.00 to $182.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $192.11.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT opened at $174.29 on Friday. The firm has a fifty day moving average of $180.77 and a 200-day moving average of $173.27. The company has a market cap of $17.57 billion, a price-to-earnings ratio of 31.69, a price-to-earnings-growth ratio of 2.86 and a beta of 1.16. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. 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 posted its earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $3.04 billion. During the same period in the previous year, the business posted $1.80 EPS. As a group, equities 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 business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, November 8th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 31.27%.

Insider Activity

In other news, EVP Spencer Frazier sold 2,200 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total value of $427,262.00. Following the completion of the sale, the executive vice president now owns 4,050 shares in the company, valued at $786,550.50. This represents a 35.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Darren P. Field sold 1,500 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total value of $275,250.00. Following the completion of the sale, the executive vice president now directly owns 12,650 shares of the company’s stock, valued at approximately $2,321,275. This trade represents a 10.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,459 shares of company stock valued at $2,136,277 over the last three months. Insiders own 2.10% of the company’s stock.

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

Several hedge funds have recently bought and sold shares of JBHT. Acadian Asset Management LLC acquired a new position in shares of J.B. Hunt Transport Services in the 2nd quarter valued at about $248,000. Quest Partners LLC grew its position in J.B. Hunt Transport Services by 126,900.0% during the second quarter. Quest Partners LLC now owns 1,270 shares of the transportation company’s stock valued at $203,000 after purchasing an additional 1,269 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in J.B. Hunt Transport Services in the 2nd quarter valued at approximately $36,000. Choreo LLC purchased a new stake in J.B. Hunt Transport Services in the 2nd quarter worth approximately $218,000. Finally, Daiwa Securities Group Inc. grew its holdings in shares of J.B. Hunt Transport Services by 6.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 15,803 shares of the transportation company’s stock valued at $2,528,000 after acquiring an additional 956 shares in the last quarter. 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.