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 price target reduced by Stifel Nicolaus from $150.00 to $145.00 in a research report report published on Wednesday,Benzinga reports. They currently have a hold rating on the transportation company's stock.

A number of other brokerages also recently commented on JBHT. Bank of America raised their price objective on shares of J.B. Hunt Transport Services from $166.00 to $171.00 and gave the company a "buy" rating in a research report on Thursday, July 10th. Citigroup lifted their price target on J.B. Hunt Transport Services from $156.00 to $175.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Baird R W upgraded shares of J.B. Hunt Transport Services to a "strong-buy" rating in a research report on Tuesday, July 1st. Stephens cut their price objective on J.B. Hunt Transport Services from $170.00 to $165.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Truist Financial boosted their price target on J.B. Hunt Transport Services from $140.00 to $145.00 and gave the stock a "hold" rating in a report on Wednesday. Ten investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $164.90.

J.B. Hunt Transport Services Stock Up 0.8%

Shares of J.B. Hunt Transport Services stock traded up $1.25 on Wednesday, reaching $152.69. 1,280,830 shares of the company were exchanged, compared to its average volume of 1,140,477. J.B. Hunt Transport Services has a 1-year low of $122.79 and a 1-year high of $200.40. The company has a market cap of $15.15 billion, a P/E ratio of 27.76, a price-to-earnings-growth ratio of 2.12 and a beta of 1.29. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.89 and a quick ratio of 0.89. The stock's 50 day moving average price is $144.08 and its 200-day moving average price is $151.63.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.34 by ($0.03). The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.93 billion. J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 13.98%. The firm's revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the company earned $1.32 earnings per share. As a group, equities analysts forecast that J.B. Hunt Transport Services will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were given a dividend of $0.44 per share. The ex-dividend date was Friday, May 9th. This represents a $1.76 annualized dividend and a dividend yield of 1.15%. J.B. Hunt Transport Services's dividend payout ratio is presently 31.94%.

Insider Activity

In other J.B. Hunt Transport Services news, COO Nicholas Hobbs purchased 1,529 shares of J.B. Hunt Transport Services stock in a transaction on Wednesday, April 23rd. The stock was bought at an average price of $130.75 per share, for a total transaction of $199,916.75. Following the transaction, the chief operating officer owned 91,847 shares of the company's stock, valued at $12,008,995.25. The trade was a 1.69% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.30% of the company's stock.

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

Institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in J.B. Hunt Transport Services in the 4th quarter valued at about $6,030,000. Sequoia Financial Advisors LLC purchased a new stake in J.B. Hunt Transport Services in the 4th quarter worth about $210,000. EverSource Wealth Advisors LLC lifted its position in J.B. Hunt Transport Services by 68.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company's stock worth $56,000 after buying an additional 134 shares in the last quarter. Avantax Advisory Services Inc. raised its stake in shares of J.B. Hunt Transport Services by 4.1% during the 4th quarter. Avantax Advisory Services Inc. now owns 4,320 shares of the transportation company's stock worth $737,000 after purchasing an additional 172 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in J.B. Hunt Transport Services during the fourth quarter valued at approximately $1,701,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

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.