J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Receives Average Rating of "Moderate Buy" from Analysts

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Get Free Report) have been given an average rating of "Moderate Buy" by the twenty-two brokerages that are currently covering the stock, Marketbeat reports. Ten analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $163.19.

Several research firms have commented on JBHT. Wells Fargo & Company lowered their target price on shares of J.B. Hunt Transport Services from $170.00 to $150.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Barclays lowered their price target on J.B. Hunt Transport Services from $180.00 to $165.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 2nd. Truist Financial upped their target price on J.B. Hunt Transport Services from $130.00 to $140.00 and gave the stock a "hold" rating in a research report on Monday, June 30th. Citigroup decreased their target price on J.B. Hunt Transport Services from $193.00 to $164.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, TD Cowen lowered their target price on J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating on the stock in a report on Wednesday, April 16th.

Insider Buying and Selling

In related news, COO Nicholas Hobbs purchased 1,529 shares of the firm's stock in a transaction dated Wednesday, April 23rd. The shares were purchased at an average cost of $130.75 per share, for a total transaction of $199,916.75. Following the completion of the transaction, the chief operating officer directly owned 91,847 shares in the company, valued at approximately $12,008,995.25. This represents a 1.69% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 2.30% of the company's stock.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Signaturefd LLC lifted its stake in J.B. Hunt Transport Services by 8.0% during the fourth quarter. Signaturefd LLC now owns 820 shares of the transportation company's stock worth $140,000 after purchasing an additional 61 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of J.B. Hunt Transport Services by 13.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 731 shares of the transportation company's stock valued at $108,000 after buying an additional 85 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of J.B. Hunt Transport Services by 33.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock valued at $58,000 after buying an additional 86 shares in the last quarter. Wahed Invest LLC lifted its position in J.B. Hunt Transport Services by 4.6% in the 4th quarter. Wahed Invest LLC now owns 2,080 shares of the transportation company's stock worth $355,000 after buying an additional 91 shares during the last quarter. Finally, Man Group plc boosted its stake in J.B. Hunt Transport Services by 0.9% in the fourth quarter. Man Group plc now owns 11,165 shares of the transportation company's stock worth $1,905,000 after buying an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company's stock.

J.B. Hunt Transport Services Stock Down 2.2%

Shares of J.B. Hunt Transport Services stock traded down $3.32 during trading hours on Monday, hitting $149.56. 780,839 shares of the company's stock traded hands, compared to its average volume of 1,133,993. J.B. Hunt Transport Services has a twelve month low of $122.79 and a twelve month high of $200.40. The company has a market cap of $14.83 billion, a PE ratio of 27.14, a PEG ratio of 2.07 and a beta of 1.29. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.23. The stock has a 50 day simple moving average of $140.82 and a 200-day simple moving average of $152.43.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 EPS for the quarter, topping analysts' consensus estimates of $1.15 by $0.02. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 14.07%. The firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.92 billion. Equities research analysts anticipate that J.B. Hunt Transport Services will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Friday, May 9th. J.B. Hunt Transport Services's dividend payout ratio is currently 31.94%.

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.