J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

J.B. Hunt Transport Services (NASDAQ:JBHT - Free Report) had its price target hoisted by JPMorgan Chase & Co. from $150.00 to $159.00 in a research report sent to investors on Tuesday,Benzinga reports. The firm currently has an overweight rating on the transportation company's stock.

JBHT has been the topic of a number of other reports. Robert W. Baird began coverage on J.B. Hunt Transport Services in a research report on Tuesday, July 1st. They set an "outperform" rating and a $169.00 price target on the stock. Bank of America upped their price target on J.B. Hunt Transport Services from $150.00 to $166.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. TD Cowen reduced their price target on J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating on the stock in a research report on Wednesday, April 16th. Citigroup reduced their price target on J.B. Hunt Transport Services from $193.00 to $164.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and set a $164.00 price target on shares of J.B. Hunt Transport Services in a research report on Monday, June 2nd. Ten analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, J.B. Hunt Transport Services presently has an average rating of "Moderate Buy" and an average price target of $163.62.

J.B. Hunt Transport Services Stock Up 0.1%

J.B. Hunt Transport Services stock traded up $0.19 during mid-day trading on Tuesday, reaching $153.24. 378,806 shares of the company were exchanged, compared to its average volume of 997,259. The business has a fifty day moving average of $141.64 and a 200 day moving average of $152.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market cap of $15.20 billion, a P/E ratio of 27.78, a PEG ratio of 2.02 and a beta of 1.29. J.B. Hunt Transport Services has a 12-month low of $122.79 and a 12-month high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share for the quarter, topping analysts' consensus estimates of $1.15 by $0.02. The company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.92 billion. J.B. Hunt Transport Services had a return on equity of 14.07% and a net margin of 4.65%. 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 business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.15%. The ex-dividend date was Friday, May 9th. J.B. Hunt Transport Services's dividend payout ratio is currently 31.94%.

Insiders Place Their Bets

In related news, COO Nicholas Hobbs purchased 1,529 shares of the business's stock in a transaction on Wednesday, April 23rd. The shares were bought at an average cost of $130.75 per share, with a total value of $199,916.75. Following the transaction, the chief operating officer owned 91,847 shares of the company's stock, valued at approximately $12,008,995.25. This trade represents a 1.69% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.30% of the company's stock.

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

A number of institutional investors have recently modified their holdings of the business. Czech National Bank grew its position in shares of J.B. Hunt Transport Services by 5.0% during the 2nd quarter. Czech National Bank now owns 19,154 shares of the transportation company's stock valued at $2,751,000 after acquiring an additional 909 shares during the period. Kera Capital Partners Inc. acquired a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter valued at about $470,000. Voya Investment Management LLC grew its position in shares of J.B. Hunt Transport Services by 0.5% during the 1st quarter. Voya Investment Management LLC now owns 23,753 shares of the transportation company's stock valued at $3,514,000 after acquiring an additional 125 shares during the period. Strs Ohio acquired a new stake in shares of J.B. Hunt Transport Services during the 1st quarter valued at about $6,658,000. Finally, IFM Investors Pty Ltd grew its position in shares of J.B. Hunt Transport Services by 1.8% during the 1st quarter. IFM Investors Pty Ltd now owns 12,478 shares of the transportation company's stock valued at $1,846,000 after acquiring an additional 218 shares during the period. 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.