J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Receives $161.90 Consensus Target Price from Analysts

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) have been assigned an average rating of “Moderate Buy” from the twenty research firms that are covering the company, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $161.90.

JBHT has been the topic of several recent analyst reports. Stifel Nicolaus set a $150.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, April 16th. Citigroup decreased their price objective on shares of J.B. Hunt Transport Services from $193.00 to $164.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Bank of America boosted their price objective on shares of J.B. Hunt Transport Services from $150.00 to $166.00 and gave the company a “buy” rating in a research report on Friday, May 16th. Benchmark reaffirmed a “buy” rating and issued a $175.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, April 16th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $164.00 price target on shares of J.B. Hunt Transport Services in a research note on Monday, June 2nd.

J.B. Hunt Transport Services Trading Down 0.8%

Shares of J.B. Hunt Transport Services stock opened at $139.85 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. The stock has a market cap of $13.87 billion, a PE ratio of 25.15, a PEG ratio of 1.61 and a beta of 1.30. J.B. Hunt Transport Services has a 52-week low of $122.79 and a 52-week high of $200.40. The firm has a 50-day moving average of $137.15 and a 200-day moving average of $156.48.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.02. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.92 billion. As a group, sell-side analysts forecast that J.B. Hunt Transport Services will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were issued a dividend of $0.44 per share. The ex-dividend date was Friday, May 9th. This represents a $1.76 annualized dividend and a yield of 1.26%. J.B. Hunt Transport Services’s payout ratio is 31.94%.

Insider Transactions at J.B. Hunt Transport Services

In other news, COO Nicholas Hobbs bought 1,529 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The stock was acquired 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 now directly owns 91,847 shares of the company’s stock, valued at approximately $12,008,995.25. This represents a 1.69% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 2.30% of the company’s stock.

Institutional Trading of J.B. Hunt Transport Services

Large investors have recently bought and sold shares of the business. Summit Securities Group LLC boosted its position in shares of J.B. Hunt Transport Services by 19,600.0% during the 1st quarter. Summit Securities Group LLC now owns 197 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 196 shares in the last quarter. National Pension Service acquired a new stake in shares of J.B. Hunt Transport Services during the 4th quarter worth approximately $30,000. BankPlus Trust Department bought a new stake in shares of J.B. Hunt Transport Services in the 4th quarter valued at $34,000. Allworth Financial LP lifted its position 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 valued at $35,000 after acquiring an additional 147 shares during the period. Finally, TD Private Client Wealth LLC boosted its stake in J.B. Hunt Transport Services by 49.3% during the first quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company’s stock worth $49,000 after acquiring an additional 109 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

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.