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

J.B. Hunt Transport Services (NASDAQ:JBHT - Free Report) had its price objective hoisted by Truist Financial from $140.00 to $145.00 in a report issued on Wednesday,Benzinga reports. Truist Financial currently has a hold rating on the transportation company's stock.

JBHT has been the subject of a number of other reports. TD Cowen dropped their price target on shares of J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating for the company in a research 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 report on Wednesday, April 16th. Raymond James Financial lifted their price target on shares of J.B. Hunt Transport Services from $155.00 to $165.00 and gave the company an "outperform" rating in a research report on Tuesday. JPMorgan Chase & Co. lifted their price target on shares of J.B. Hunt Transport Services from $159.00 to $180.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, UBS Group restated a "buy" rating on shares of J.B. Hunt Transport Services in a research report on Tuesday, July 8th. Ten equities research 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $164.90.

J.B. Hunt Transport Services Stock Performance

J.B. Hunt Transport Services stock traded down $3.80 during midday trading on Wednesday, reaching $148.89. 1,636,621 shares of the company's stock were exchanged, compared to its average volume of 997,412. J.B. Hunt Transport Services has a 52 week low of $122.79 and a 52 week high of $200.40. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.89 and a current ratio of 0.87. The firm has a market cap of $14.77 billion, a price-to-earnings ratio of 27.07, a P/E/G ratio of 2.31 and a beta of 1.29. The stock's 50-day simple moving average is $144.65 and its 200 day simple moving average is $151.36.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings data 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). J.B. Hunt Transport Services had a return on equity of 14.26% and a net margin of 4.59%. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter in the prior year, the firm earned $1.32 EPS. The company's revenue was up .0% on a year-over-year basis. On average, analysts expect that J.B. Hunt Transport Services will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were given a $0.44 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.76 annualized dividend and a yield of 1.18%. J.B. Hunt Transport Services's payout ratio is 32.00%.

Insiders Place Their Bets

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, for a total transaction of $199,916.75. Following the purchase, the chief operating officer directly owned 91,847 shares in the company, valued at approximately $12,008,995.25. This trade represents a 1.69% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.30% of the company's stock.

Institutional Trading of J.B. Hunt Transport Services

Hedge funds have recently made changes to their positions in the stock. Summit Securities Group LLC increased its position in shares of J.B. Hunt Transport Services by 19,600.0% in the first quarter. Summit Securities Group LLC now owns 197 shares of the transportation company's stock valued at $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% in the first quarter. Allworth Financial LP now owns 235 shares of the transportation company's stock valued at $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% in the first quarter. National Pension Service now owns 306 shares of the transportation company's stock valued at $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 valued at $45,000 after buying an additional 88 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in shares of J.B. Hunt Transport Services by 68.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company's stock valued at $56,000 after buying an additional 134 shares during the period. 74.95% of the stock is 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.