J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Raised to $145.00

J.B. Hunt Transport Services (NASDAQ:JBHT - Free Report) had its target price lifted by Truist Financial from $140.00 to $145.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has a hold rating on the transportation company's stock.

JBHT has been the subject of a number of other research reports. Raymond James Financial upped their target price on J.B. Hunt Transport Services from $155.00 to $165.00 and gave the stock an "outperform" rating in a research report on Tuesday. Susquehanna increased their price objective on J.B. Hunt Transport Services from $155.00 to $157.00 and gave the company a "neutral" rating in a research report on Wednesday. Barclays increased 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 report on Thursday, July 10th. The Goldman Sachs Group set a $164.00 price objective on J.B. Hunt Transport Services in a research report on Tuesday, July 8th. Finally, Stifel Nicolaus set a $150.00 price objective on J.B. Hunt Transport Services in a research report on Wednesday, April 16th. 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.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $164.90.

J.B. Hunt Transport Services Stock Performance

J.B. Hunt Transport Services stock traded up $2.58 during trading hours on Wednesday, reaching $151.44. 2,429,924 shares of the company were exchanged, compared to its average volume of 1,002,514. The firm has a market cap of $15.02 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 2.12 and a beta of 1.29. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.23. The stock has a 50-day moving average of $144.08 and a 200 day moving average of $151.63. 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 announced its earnings results on Tuesday, July 15th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.34 by ($0.03). The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.93 billion. J.B. Hunt Transport Services had a return on equity of 13.98% and a net margin of 4.59%. 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 company earned $1.32 EPS. As a group, research analysts anticipate 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 business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders 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 annualized dividend and a dividend yield of 1.16%. J.B. Hunt Transport Services's payout ratio is 31.94%.

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

In related news, COO Nicholas Hobbs purchased 1,529 shares of the firm's stock in a transaction dated Wednesday, April 23rd. The stock was bought at an average price of $130.75 per share, with a total value of $199,916.75. Following the completion of the purchase, the chief operating officer owned 91,847 shares in the company, valued at approximately $12,008,995.25. This represents a 1.69% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.30% of the company's stock.

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

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Signaturefd LLC increased its stake in shares of J.B. Hunt Transport Services by 30.9% in the second quarter. Signaturefd LLC now owns 813 shares of the transportation company's stock valued at $117,000 after buying an additional 192 shares during the period. Patton Fund Management Inc. acquired a new stake in J.B. Hunt Transport Services during the second quarter worth approximately $244,000. Fifth Third Bancorp grew its stake in J.B. Hunt Transport Services by 13.0% during the second quarter. Fifth Third Bancorp now owns 3,844 shares of the transportation company's stock worth $552,000 after purchasing an additional 441 shares during the period. Gries Financial LLC acquired a new stake in J.B. Hunt Transport Services during the second quarter worth approximately $1,830,000. Finally, GAMMA Investing LLC grew its stake in J.B. Hunt Transport Services by 68.2% during the second quarter. GAMMA Investing LLC now owns 1,601 shares of the transportation company's stock worth $230,000 after purchasing an additional 649 shares during the period. Institutional investors and hedge funds own 74.95% of the company's stock.

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.