Susquehanna Boosts J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $155.00

J.B. Hunt Transport Services (NASDAQ:JBHT - Free Report) had its price target boosted by Susquehanna from $140.00 to $155.00 in a research report released on Tuesday morning,Benzinga reports. Susquehanna currently has a neutral rating on the transportation company's stock.

Other equities analysts have also issued research reports about the company. Raymond James Financial decreased their price target on J.B. Hunt Transport Services from $190.00 to $165.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. TD Cowen reduced their price objective on shares of J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating for the company in a research note on Wednesday, April 16th. Benchmark reissued a "buy" rating and issued a $175.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 16th. Bank of America boosted their price target on shares of J.B. Hunt Transport Services from $150.00 to $166.00 and gave the company a "buy" rating in a report on Friday, May 16th. Finally, Truist Financial decreased their price objective on shares of J.B. Hunt Transport Services from $165.00 to $130.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $162.65.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ JBHT traded down $0.62 during midday trading on Tuesday, reaching $142.81. The company's stock had a trading volume of 496,144 shares, compared to its average volume of 995,689. 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 market cap of $14.17 billion, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 1.94 and a beta of 1.30. The company has a 50 day moving average price of $138.16 and a 200 day moving average price of $154.20. The company has a current ratio of 0.89, a quick 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, beating the consensus estimate of $1.15 by $0.02. The company had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.92 billion. J.B. Hunt Transport Services had a return on equity of 14.07% and a net margin of 4.65%. On average, equities research analysts expect that J.B. Hunt Transport Services will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Friday, May 9th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 31.94%.

Insider Activity

In other J.B. Hunt Transport Services news, COO Nicholas Hobbs acquired 1,529 shares of the business's stock in a transaction that occurred on Wednesday, April 23rd. The shares were purchased at an average price of $130.75 per share, with a total value of $199,916.75. Following the completion of the transaction, the chief operating officer now owns 91,847 shares in the company, valued at $12,008,995.25. The trade was a 1.69% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is owned by corporate insiders.

Institutional Trading of J.B. Hunt Transport Services

Large investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC boosted its holdings in shares of J.B. Hunt Transport Services by 11.2% during the 4th quarter. Sanctuary Advisors LLC now owns 6,725 shares of the transportation company's stock worth $1,166,000 after buying an additional 678 shares during the period. Y Intercept Hong Kong Ltd increased its position in shares of J.B. Hunt Transport Services by 57.5% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 6,105 shares of the transportation company's stock valued at $1,042,000 after purchasing an additional 2,228 shares during the period. IFP Advisors Inc lifted its holdings in shares of J.B. Hunt Transport Services by 16.6% during the 4th quarter. IFP Advisors Inc now owns 898 shares of the transportation company's stock worth $153,000 after acquiring an additional 128 shares during the period. BankPlus Trust Department acquired a new stake in shares of J.B. Hunt Transport Services during the 4th quarter valued at about $34,000. Finally, Bank of New York Mellon Corp raised its position in J.B. Hunt Transport Services by 2.0% in the fourth quarter. Bank of New York Mellon Corp now owns 511,407 shares of the transportation company's stock worth $87,277,000 after purchasing an additional 9,935 shares in the last quarter. 74.95% of the stock is owned by institutional investors.

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.