Susquehanna Trims J.B. Hunt Transport Services (NASDAQ:JBHT) Target Price to $185.00

J.B. Hunt Transport Services (NASDAQ:JBHT - Free Report) had its target price reduced by Susquehanna from $195.00 to $185.00 in a research note issued to investors on Wednesday, Benzinga reports. Susquehanna currently has a neutral rating on the transportation company's stock.

A number of other brokerages have also recently commented on JBHT. Stephens reduced their price objective on J.B. Hunt Transport Services from $210.00 to $192.00 and set an overweight rating on the stock in a research note on Wednesday. Stifel Nicolaus reduced their price objective on J.B. Hunt Transport Services from $188.00 to $173.00 and set a hold rating on the stock in a research note on Wednesday. TD Cowen reduced their price objective on J.B. Hunt Transport Services from $193.00 to $181.00 and set a hold rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. reduced their price objective on J.B. Hunt Transport Services from $220.00 to $212.00 and set an overweight rating on the stock in a research note on Thursday, December 21st. Finally, UBS Group reduced their price objective on J.B. Hunt Transport Services from $234.00 to $211.00 and set a buy rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, J.B. Hunt Transport Services currently has an average rating of Moderate Buy and an average target price of $197.39.

J.B. Hunt Transport Services Trading Down 8.1 %

J.B. Hunt Transport Services stock traded down $14.86 during midday trading on Wednesday, reaching $168.13. The stock had a trading volume of 3,725,119 shares, compared to its average volume of 811,629. J.B. Hunt Transport Services has a twelve month low of $160.07 and a twelve month high of $219.51. The stock has a market capitalization of $17.37 billion, a PE ratio of 24.12, a price-to-earnings-growth ratio of 1.62 and a beta of 1.11. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.15 and a current ratio of 1.17. The stock's 50-day simple moving average is $199.89 and its 200 day simple moving average is $193.17.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its earnings results on Tuesday, April 16th. The transportation company reported $1.22 earnings per share for the quarter, missing analysts' consensus estimates of $1.53 by ($0.31). J.B. Hunt Transport Services had a net margin of 5.68% and a return on equity of 18.40%. The firm had revenue of $2.94 billion during the quarter, compared to analyst estimates of $3.12 billion. Analysts expect that J.B. Hunt Transport Services will post 7.61 EPS for the current year.

J.B. Hunt Transport Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were issued a $0.43 dividend. This is a positive change from J.B. Hunt Transport Services's previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a yield of 1.02%. The ex-dividend date was Thursday, February 8th. J.B. Hunt Transport Services's payout ratio is currently 24.68%.

Insider Activity at J.B. Hunt Transport Services

In related news, SVP Kevin Bracy sold 754 shares of the business's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $211.79, for a total value of $159,689.66. Following the completion of the sale, the senior vice president now directly owns 8,235 shares of the company's stock, valued at $1,744,090.65. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, SVP Kevin Bracy sold 754 shares of the business's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $211.79, for a total value of $159,689.66. Following the completion of the sale, the senior vice president now directly owns 8,235 shares of the company's stock, valued at $1,744,090.65. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO John Kuhlow sold 3,500 shares of the business's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $213.00, for a total value of $745,500.00. Following the completion of the sale, the chief financial officer now directly owns 10,537 shares of the company's stock, valued at $2,244,381. The disclosure for this sale can be found here. Insiders sold a total of 20,432 shares of company stock valued at $4,309,687 over the last three months. 2.10% of the stock is owned by insiders.

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

Several institutional investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC grew its holdings in shares of J.B. Hunt Transport Services by 7.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 825 shares of the transportation company's stock valued at $165,000 after purchasing an additional 54 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of J.B. Hunt Transport Services by 0.9% during the first quarter. Mackenzie Financial Corp now owns 6,297 shares of the transportation company's stock valued at $1,264,000 after purchasing an additional 56 shares during the last quarter. Drive Wealth Management LLC grew its holdings in shares of J.B. Hunt Transport Services by 3.5% during the fourth quarter. Drive Wealth Management LLC now owns 1,696 shares of the transportation company's stock valued at $339,000 after purchasing an additional 57 shares during the last quarter. Garrison Asset Management LLC grew its holdings in shares of J.B. Hunt Transport Services by 0.4% during the third quarter. Garrison Asset Management LLC now owns 13,432 shares of the transportation company's stock valued at $2,532,000 after purchasing an additional 59 shares during the last quarter. Finally, Yousif Capital Management LLC grew its holdings in shares of J.B. Hunt Transport Services by 0.5% during the first quarter. Yousif Capital Management LLC now owns 13,252 shares of the transportation company's stock valued at $2,661,000 after purchasing an additional 60 shares during 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.