J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Cut to $145.00 by Analysts at Stifel Nicolaus

J.B. Hunt Transport Services (NASDAQ:JBHT - Free Report) had its target price trimmed by Stifel Nicolaus from $150.00 to $145.00 in a research report released on Wednesday,Benzinga reports. The firm currently has a hold rating on the transportation company's stock.

JBHT has been the topic of several other reports. Stephens dropped their target price on J.B. Hunt Transport Services from $170.00 to $165.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Robert W. Baird initiated coverage on J.B. Hunt Transport Services in a research report on Tuesday, July 1st. They issued an "outperform" rating and a $169.00 target price on the stock. Truist Financial increased their price objective on J.B. Hunt Transport Services from $140.00 to $145.00 and gave the company a "hold" rating in a report on Wednesday. UBS Group reissued a "buy" rating on shares of J.B. Hunt Transport Services in a report on Tuesday, July 8th. Finally, Wells Fargo & Company reissued an "overweight" rating and set a $163.00 price objective (up previously from $150.00) on shares of J.B. Hunt Transport Services in a report on Wednesday. Ten equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $164.90.

J.B. Hunt Transport Services Price Performance

Shares of J.B. Hunt Transport Services stock traded down $3.80 during trading on Wednesday, hitting $148.89. The stock had a trading volume of 1,636,621 shares, compared to its average volume of 997,412. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.87 and a quick ratio of 0.89. The firm has a market cap of $14.77 billion, a P/E ratio of 27.07, a PEG ratio of 2.31 and a beta of 1.29. The business has a fifty day moving average of $144.65 and a two-hundred day moving average of $151.22. J.B. Hunt Transport Services has a fifty-two week low of $122.79 and a fifty-two week high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its earnings results on Tuesday, July 15th. The transportation company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.03). J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. The company had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $2.93 billion. During the same period in the prior year, the company earned $1.32 earnings per share. The company's revenue for the quarter was up .0% on a year-over-year basis. On average, sell-side analysts expect 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 announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Friday, May 9th. J.B. Hunt Transport Services's payout ratio is 32.00%.

Insider Activity at J.B. Hunt Transport Services

In related news, COO Nicholas Hobbs purchased 1,529 shares of the business's stock in a transaction that occurred on Wednesday, April 23rd. The stock was acquired at an average cost of $130.75 per share, for a total transaction of $199,916.75. Following the completion of the purchase, the chief operating officer owned 91,847 shares in the company, valued at approximately $12,008,995.25. This represents a 1.69% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.30% of the company's stock.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Summit Securities Group LLC lifted its stake in shares of J.B. Hunt Transport Services by 19,600.0% in the 1st quarter. Summit Securities Group LLC now owns 197 shares of the transportation company's stock valued at $29,000 after acquiring an additional 196 shares during the last quarter. Allworth Financial LP grew its holdings in J.B. Hunt Transport Services by 167.0% during the 1st quarter. Allworth Financial LP now owns 235 shares of the transportation company's stock worth $35,000 after acquiring an additional 147 shares during the period. National Pension Service grew its stake in shares of J.B. Hunt Transport Services by 74.9% in the 1st quarter. National Pension Service now owns 306 shares of the transportation company's stock valued at $45,000 after buying an additional 131 shares during the period. Farther Finance Advisors LLC grew its stake in shares of J.B. Hunt Transport Services by 38.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 316 shares of the transportation company's stock valued at $45,000 after buying an additional 88 shares during the period. Finally, TD Private Client Wealth LLC lifted its position in J.B. Hunt Transport Services by 49.3% in the 1st quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company's stock valued at $49,000 after acquiring an additional 109 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors.

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.