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Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Get Free Report) have been given a consensus rating of “Moderate Buy” by the twenty research firms that are currently covering the company, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $162.00.
A number of equities research analysts have issued reports on JBHT shares. Bank of America lifted their target price on shares of J.B. Hunt Transport Services from $150.00 to $166.00 and gave the company a “buy” rating in a research note on Friday, May 16th. Stephens cut their price objective on J.B. Hunt Transport Services from $170.00 to $165.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. UBS Group dropped their target price on J.B. Hunt Transport Services from $196.00 to $155.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Sanford C. Bernstein set a $148.00 target price on shares of J.B. Hunt Transport Services and gave the company a “market perform” rating in a research note on Wednesday, April 16th. Finally, Susquehanna set a $140.00 target price on shares of J.B. Hunt Transport Services and gave the company a “neutral” rating in a research note on Wednesday, April 16th.
View Our Latest Stock Analysis on J.B. Hunt Transport Services
Insider Buying and Selling
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 that occurred on Friday, March 7th. The stock was sold at an average price of $161.67, for a total value of $194,004.00. Following the transaction, the executive vice president now directly owns 17,822 shares of the company’s stock, valued at $2,881,282.74. The trade was a 6.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Nicholas Hobbs purchased 1,529 shares of the company’s stock in a transaction on Wednesday, April 23rd. The stock was acquired at an average cost of $130.75 per share, for a total transaction of $199,916.75. Following the completion of the transaction, the chief operating officer now owns 91,847 shares in the company, valued at approximately $12,008,995.25. This trade represents a 1.69% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.30% of the stock is owned by insiders.
Institutional Trading of J.B. Hunt Transport Services
Hedge funds have recently bought and sold shares of the stock. Summit Securities Group LLC raised its position in shares of J.B. Hunt Transport Services by 19,600.0% during the first quarter. Summit Securities Group LLC now owns 197 shares of the transportation company’s stock valued at $29,000 after buying an additional 196 shares during the last quarter. National Pension Service bought a new position in J.B. Hunt Transport Services during the fourth quarter valued at about $30,000. BankPlus Trust Department bought a new position in J.B. Hunt Transport Services during the fourth quarter valued at about $34,000. Allworth Financial LP grew its holdings in shares of J.B. Hunt Transport Services by 167.0% during the 1st quarter. Allworth Financial LP now owns 235 shares of the transportation company’s stock worth $35,000 after purchasing an additional 147 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its holdings in shares of J.B. Hunt Transport Services by 49.3% during the 1st quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company’s stock worth $49,000 after purchasing an additional 109 shares in the last quarter. 74.95% of the stock is owned by institutional investors.
J.B. Hunt Transport Services Price Performance
Shares of JBHT opened at $145.02 on Friday. The company has a market capitalization of $14.39 billion, a price-to-earnings ratio of 26.08, a P/E/G ratio of 1.61 and a beta of 1.33. J.B. Hunt Transport Services has a fifty-two week low of $122.79 and a fifty-two week high of $200.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. The business’s 50-day moving average is $139.27 and its 200-day moving average is $162.38.
J.B. Hunt Transport Services (NASDAQ:JBHT – Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.02. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The firm had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.92 billion. Equities research analysts expect that J.B. Hunt Transport Services will post 6.37 EPS for the current fiscal year.
J.B. Hunt Transport Services Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Friday, May 9th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 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.
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