Raymond James Financial Boosts J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $165.00

J.B. Hunt Transport Services (NASDAQ:JBHT - Free Report) had its target price boosted by Raymond James Financial from $155.00 to $165.00 in a research report released on Tuesday morning,Benzinga reports. Raymond James Financial currently has an outperform rating on the transportation company's stock.

A number of other equities research analysts have also commented on JBHT. Stifel Nicolaus set a $150.00 target price on J.B. Hunt Transport Services in a research report on Wednesday, April 16th. Benchmark reaffirmed a "buy" rating and set a $175.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 16th. Baird R W upgraded J.B. Hunt Transport Services to a "strong-buy" rating in a research note on Tuesday, July 1st. Barclays lifted their price objective on J.B. Hunt Transport Services from $135.00 to $145.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Finally, JPMorgan Chase & Co. lifted their price objective on J.B. Hunt Transport Services from $150.00 to $159.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Ten investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $164.90.

J.B. Hunt Transport Services Stock Up 1.8%

Shares of J.B. Hunt Transport Services stock traded up $2.69 during trading on Tuesday, reaching $151.55. The company's stock had a trading volume of 2,429,924 shares, compared to its average volume of 1,006,399. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.23. The company has a market cap of $15.03 billion, a price-to-earnings ratio of 27.50, a P/E/G ratio of 2.17 and a beta of 1.29. 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 50-day simple moving average of $143.71 and a two-hundred day simple moving average of $151.63.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The transportation company reported $1.31 earnings per share for the quarter, missing analysts' consensus estimates of $1.34 by ($0.03). The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.93 billion. J.B. Hunt Transport Services had a return on equity of 14.07% and a net margin of 4.65%. The firm's revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.32 EPS. As a group, equities analysts forecast that J.B. Hunt Transport Services will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Friday, May 9th. J.B. Hunt Transport Services's dividend payout ratio is presently 31.94%.

Insider Buying and Selling

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

Institutional Trading of J.B. Hunt Transport Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JBHT. Summit Securities Group LLC increased its position in shares of J.B. Hunt Transport Services by 19,600.0% during the first quarter. Summit Securities Group LLC now owns 197 shares of the transportation company's stock worth $29,000 after acquiring an additional 196 shares during the period. Allworth Financial LP increased its position in shares of J.B. Hunt Transport Services by 167.0% during the first 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 increased its position in shares of J.B. Hunt Transport Services by 74.9% during the first quarter. National Pension Service now owns 306 shares of the transportation company's stock worth $45,000 after acquiring an additional 131 shares during the period. Farther Finance Advisors LLC increased its position in shares of J.B. Hunt Transport Services by 38.6% during the second quarter. Farther Finance Advisors LLC now owns 316 shares of the transportation company's stock worth $45,000 after acquiring an additional 88 shares during the period. Finally, TD Private Client Wealth LLC increased its position in shares of J.B. Hunt Transport Services by 49.3% during the first quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company's stock worth $49,000 after acquiring an additional 109 shares during the period. Hedge funds and other institutional investors own 74.95% of the company's stock.

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.