J.B. Hunt Transport Services (NASDAQ:JBHT) Hits New 52-Week Low Following Analyst Downgrade

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Get Free Report) shares hit a new 52-week low on Wednesday after Truist Financial lowered their price target on the stock from $165.00 to $130.00. Truist Financial currently has a hold rating on the stock. J.B. Hunt Transport Services traded as low as $126.81 and last traded at $127.90, with a volume of 152336 shares changing hands. The stock had previously closed at $135.11.

A number of other brokerages have also recently commented on JBHT. Sanford C. Bernstein set a $148.00 price objective on shares of J.B. Hunt Transport Services and gave the company a "market perform" rating in a research report on Wednesday, April 16th. Wells Fargo & Company dropped their target price on J.B. Hunt Transport Services from $170.00 to $150.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Benchmark reiterated a "buy" rating and issued a $175.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 16th. Evercore ISI decreased their target price on shares of J.B. Hunt Transport Services from $207.00 to $202.00 and set an "outperform" rating on the stock in a report on Friday, January 17th. Finally, Deutsche Bank Aktiengesellschaft started coverage on J.B. Hunt Transport Services in a research note on Friday, March 7th. They issued a "hold" rating and a $167.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $162.20.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,200 shares of J.B. Hunt Transport Services stock in a transaction on Friday, March 7th. The shares were sold at an average price of $161.67, for a total value of $194,004.00. Following the completion of the sale, the executive vice president now directly owns 17,822 shares of the company's stock, valued at approximately $2,881,282.74. The trade was a 6.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James K. Thompson sold 4,400 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total value of $771,628.00. Following the transaction, the director now directly owns 23,559 shares in the company, valued at approximately $4,131,541.83. This trade represents a 15.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.30% of the company's stock.

Institutional Trading of J.B. Hunt Transport Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC increased its position in shares of J.B. Hunt Transport Services by 1.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,097 shares of the transportation company's stock valued at $878,000 after acquiring an additional 61 shares during the last quarter. Signaturefd LLC grew its position in shares of J.B. Hunt Transport Services by 8.0% in the fourth quarter. Signaturefd LLC now owns 820 shares of the transportation company's stock valued at $140,000 after purchasing an additional 61 shares in the last quarter. Blue Trust Inc. grew its holdings in J.B. Hunt Transport Services by 18.6% during the 4th quarter. Blue Trust Inc. now owns 535 shares of the transportation company's stock valued at $92,000 after buying an additional 84 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in J.B. Hunt Transport Services by 13.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 731 shares of the transportation company's stock worth $108,000 after acquiring an additional 85 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in shares of J.B. Hunt Transport Services by 33.9% in 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 during the period. 74.95% of the stock is owned by institutional investors.

J.B. Hunt Transport Services Trading Down 3.6 %

The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. The stock has a market cap of $12.46 billion, a P/E ratio of 22.41, a P/E/G ratio of 1.61 and a beta of 1.27. The stock has a 50-day moving average price of $150.62 and a 200-day moving average price of $168.08.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.02. The business 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 14.05% and a net margin of 4.72%. On average, equities research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was Friday, February 7th. This is an increase from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. J.B. Hunt Transport Services's payout ratio is currently 31.94%.

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.