Morgan Stanley Lowers J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $155.00

J.B. Hunt Transport Services (NASDAQ:JBHT - Free Report) had its target price cut by Morgan Stanley from $160.00 to $155.00 in a research note published on Monday morning,Benzinga reports. They currently have an equal weight rating on the transportation company's stock.

Other equities research analysts also recently issued research reports about the company. The Goldman Sachs Group reiterated a "neutral" rating and set a $164.00 price target on shares of J.B. Hunt Transport Services in a report on Monday, June 2nd. UBS Group reduced their price objective on J.B. Hunt Transport Services from $196.00 to $155.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Sanford C. Bernstein set a $148.00 price objective on J.B. Hunt Transport Services and gave the company a "market perform" rating in a research note on Wednesday, April 16th. Robert W. Baird began coverage on J.B. Hunt Transport Services in a research note on Tuesday, July 1st. They issued an "outperform" rating and a $169.00 price objective for the company. Finally, TD Cowen dropped 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. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $163.19.

J.B. Hunt Transport Services Stock Down 2.2%

Shares of NASDAQ JBHT traded down $3.32 during midday trading on Monday, hitting $149.56. 780,974 shares of the stock traded hands, compared to its average volume of 998,614. The company has a market cap of $14.83 billion, a PE ratio of 27.14, a P/E/G ratio of 2.07 and a beta of 1.29. J.B. Hunt Transport Services has a one year low of $122.79 and a one year high of $200.40. The business has a 50 day moving average price of $141.19 and a two-hundred day moving average price 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.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.15 by $0.02. J.B. Hunt Transport Services had a return on equity of 14.07% and a net margin of 4.65%. The firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.92 billion. On average, equities analysts predict that J.B. Hunt Transport Services will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a $0.44 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.76 dividend on an annualized basis and a yield of 1.18%. J.B. Hunt Transport Services's dividend payout ratio is currently 31.94%.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, COO Nicholas Hobbs bought 1,529 shares of the firm's stock in a transaction on Wednesday, April 23rd. The shares were acquired at an average cost of $130.75 per share, for a total transaction of $199,916.75. Following the purchase, the chief operating officer directly owned 91,847 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On J.B. Hunt Transport Services

Several institutional investors have recently modified their holdings of the company. Kera Capital Partners Inc. bought a new position in shares of J.B. Hunt Transport Services during the 2nd quarter valued at about $470,000. Voya Investment Management LLC lifted its holdings in J.B. Hunt Transport Services by 0.5% in the 1st quarter. Voya Investment Management LLC now owns 23,753 shares of the transportation company's stock worth $3,514,000 after buying an additional 125 shares during the period. Strs Ohio purchased a new stake in J.B. Hunt Transport Services in the 1st quarter worth approximately $6,658,000. IFM Investors Pty Ltd lifted its holdings in J.B. Hunt Transport Services by 1.8% in the 1st quarter. IFM Investors Pty Ltd now owns 12,478 shares of the transportation company's stock worth $1,846,000 after buying an additional 218 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of J.B. Hunt Transport Services by 1.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 624,531 shares of the transportation company's stock valued at $92,399,000 after purchasing an additional 6,929 shares during the period. 74.95% of the stock is currently owned by institutional investors.

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.