J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Lowered to $170.00 at Wells Fargo & Company

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective lowered by Wells Fargo & Company from $190.00 to $170.00 in a report issued on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the transportation company’s stock.

Several other research analysts have also recently commented on JBHT. Bank of America decreased their target price on shares of J.B. Hunt Transport Services from $189.00 to $170.00 and set a “buy” rating for the company in a research report on Monday, March 17th. Deutsche Bank Aktiengesellschaft started coverage on J.B. Hunt Transport Services in a report on Friday, March 7th. They issued a “hold” rating and a $167.00 price objective for the company. JPMorgan Chase & Co. cut their target price on J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Evercore ISI decreased their price target on J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Finally, Stifel Nicolaus lowered their price target on J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating on the stock in a report on Wednesday, January 15th. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and an average price target of $184.05.

J.B. Hunt Transport Services Trading Down 3.1 %

NASDAQ:JBHT opened at $146.12 on Thursday. The firm has a market capitalization of $14.61 billion, a P/E ratio of 26.28, a P/E/G ratio of 1.61 and a beta of 1.16. The business has a 50 day simple moving average of $162.28 and a 200 day simple moving average of $172.09. 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 12-month low of $144.34 and a 12-month high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share (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 firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same period last year, the firm posted $1.47 EPS. The business’s revenue was down 4.5% compared to the same quarter last year. Equities research analysts predict that J.B. Hunt Transport Services will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $0.44 dividend. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.76 annualized dividend and a yield of 1.20%. J.B. Hunt Transport Services’s payout ratio is 31.65%.

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

In related news, EVP Darren P. Field sold 1,200 shares of J.B. Hunt Transport Services 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 transaction, the executive vice president now owns 17,822 shares of the company’s stock, valued at approximately $2,881,282.74. This trade represents a 6.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James K. Thompson sold 4,400 shares of J.B. Hunt Transport Services stock in a transaction that occurred on 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 directly owns 23,559 shares in the company, valued at approximately $4,131,541.83. This trade represents a 15.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.

Institutional Trading of J.B. Hunt Transport Services

Several hedge funds and other institutional investors have recently modified their holdings of the business. Arvest Bank Trust Division acquired a new position in J.B. Hunt Transport Services during the third quarter valued at $1,578,000. Smartleaf Asset Management LLC increased its holdings in shares of J.B. Hunt Transport Services by 33.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 86 shares during the period. State Street Corp lifted its position in shares of J.B. Hunt Transport Services by 0.6% in the third quarter. State Street Corp now owns 3,289,874 shares of the transportation company’s stock worth $566,944,000 after purchasing an additional 19,826 shares in the last quarter. Abound Wealth Management boosted its holdings in shares of J.B. Hunt Transport Services by 145,850.0% during the fourth quarter. Abound Wealth Management now owns 2,919 shares of the transportation company’s stock worth $498,000 after purchasing an additional 2,917 shares during the period. Finally, Keybank National Association OH purchased a new position in J.B. Hunt Transport Services during the fourth quarter valued at approximately $255,000. 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.