J.B. Hunt Transport Services (NASDAQ:JBHT) Earns Neutral Rating from Susquehanna

Susquehanna reaffirmed their neutral rating on shares of J.B. Hunt Transport Services (NASDAQ:JBHT - Free Report) in a research report sent to investors on Tuesday morning, MarketBeat.com reports. Susquehanna currently has a $155.00 price objective on the transportation company's stock, up from their prior price objective of $140.00.

Several other equities research analysts have also commented on the stock. Benchmark restated a "buy" rating and issued a $175.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, April 16th. JPMorgan Chase & Co. lowered their target price on J.B. Hunt Transport Services from $167.00 to $150.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Stifel Nicolaus set a $150.00 price target on J.B. Hunt Transport Services in a report on Wednesday, April 16th. UBS Group reduced their price target on J.B. Hunt Transport Services from $196.00 to $155.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Finally, Stephens dropped their price objective 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. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $162.65.

J.B. Hunt Transport Services Trading Up 1.5%

NASDAQ:JBHT traded up $2.15 during midday trading on Tuesday, hitting $145.43. The stock had a trading volume of 271,170 shares, compared to its average volume of 995,257. The stock has a 50-day moving average of $138.44 and a 200 day moving average of $153.93. The company has a market capitalization of $14.43 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 1.93 and a beta of 1.30. J.B. Hunt Transport Services has a one year low of $122.79 and a one year high of $200.40. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.23.

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

J.B. Hunt Transport Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.21%. J.B. Hunt Transport Services's payout ratio is currently 31.94%.

Insider Transactions at J.B. Hunt Transport Services

In other news, COO Nicholas Hobbs bought 1,529 shares of the business's stock in a transaction dated Wednesday, April 23rd. The stock was purchased at an average cost of $130.75 per share, with a total value of $199,916.75. Following the acquisition, the chief operating officer now directly owns 91,847 shares in the company, valued at $12,008,995.25. This trade represents a 1.69% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.30% of the company's stock.

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

Institutional investors have recently modified their holdings of the business. Smartleaf Asset Management LLC boosted its position in J.B. Hunt Transport Services by 33.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock worth $58,000 after purchasing an additional 86 shares in the last quarter. SG Americas Securities LLC raised its position in J.B. Hunt Transport Services by 179.8% during the first quarter. SG Americas Securities LLC now owns 3,990 shares of the transportation company's stock worth $590,000 after acquiring an additional 2,564 shares during the period. LPL Financial LLC grew its position in shares of J.B. Hunt Transport Services by 56.7% in the fourth quarter. LPL Financial LLC now owns 69,200 shares of the transportation company's stock valued at $11,810,000 after purchasing an additional 25,034 shares during the period. Keybank National Association OH acquired a new position in shares of J.B. Hunt Transport Services during the 4th quarter worth about $255,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of J.B. Hunt Transport Services during the 4th quarter worth about $7,815,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

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.