J.B. Hunt Transport Services (NASDAQ:JBHT) Downgraded to Neutral Rating by Susquehanna

Susquehanna downgraded shares of J.B. Hunt Transport Services (NASDAQ:JBHT) from a positive rating to a neutral rating in a research note released on Wednesday morning, Marketbeat Ratings reports. The brokerage currently has $165.00 price objective on the transportation company’s stock, down from their previous price objective of $200.00.

Other research analysts also recently issued reports about the company. Bank of America cut their price target on J.B. Hunt Transport Services from $189.00 to $170.00 and set a “buy” rating on the stock in a report on Monday, March 17th. Benchmark reiterated a “buy” rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a report on Friday, January 17th. Wells Fargo & Company lowered their price target on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Stephens reiterated an “overweight” rating and set a $205.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday, January 17th. Finally, Truist Financial began coverage on shares of J.B. Hunt Transport Services in a research note on Thursday, March 13th. They issued a “hold” rating and a $165.00 target price for the company. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $185.05.

J.B. Hunt Transport Services Stock Performance

JBHT stock opened at $151.39 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. J.B. Hunt Transport Services has a 1-year low of $144.34 and a 1-year high of $200.40. The business has a 50-day moving average price of $163.51 and a 200 day moving average price of $172.41. The company has a market capitalization of $15.14 billion, a P/E ratio of 27.23, a PEG ratio of 1.61 and a beta of 1.16.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.09). J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the prior year, the firm posted $1.47 EPS. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. As a group, equities research analysts forecast that J.B. Hunt Transport Services will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.16%. The ex-dividend date was Friday, February 7th. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. J.B. Hunt Transport Services’s dividend payout ratio is 31.65%.

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

In other J.B. Hunt Transport Services news, Director James K. Thompson sold 4,400 shares of J.B. Hunt Transport Services stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total transaction of $771,628.00. Following the completion of the transaction, the director now owns 23,559 shares in the company, valued at approximately $4,131,541.83. This trade represents a 15.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Darren P. Field sold 1,200 shares of the company’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $161.67, for a total value of $194,004.00. Following the completion of the sale, the executive vice president now owns 17,822 shares in the company, valued at $2,881,282.74. The trade was a 6.31 % decrease in their position. The disclosure for this sale can be found here. Company 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. Wealth Enhancement Advisory Services LLC boosted its holdings in J.B. Hunt Transport Services by 21.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,102 shares of the transportation company’s stock worth $1,041,000 after buying an additional 1,066 shares in the last quarter. Siemens Fonds Invest GmbH boosted its stake in shares of J.B. Hunt Transport Services by 292.7% during the 4th quarter. Siemens Fonds Invest GmbH now owns 22,798 shares of the transportation company’s stock worth $3,891,000 after acquiring an additional 16,992 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of J.B. Hunt Transport Services during the 4th quarter valued at about $14,655,000. Mackenzie Financial Corp increased its stake in shares of J.B. Hunt Transport Services by 28.2% in the 4th quarter. Mackenzie Financial Corp now owns 8,739 shares of the transportation company’s stock valued at $1,491,000 after purchasing an additional 1,923 shares in the last quarter. Finally, Forum Financial Management LP boosted its position in J.B. Hunt Transport Services by 34.4% during the fourth quarter. Forum Financial Management LP now owns 1,799 shares of the transportation company’s stock worth $307,000 after purchasing an additional 460 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.