J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Receives $190.11 Average Price Target from Analysts

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) have earned a consensus rating of “Moderate Buy” from the eighteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $190.11.

A number of research analysts have recently issued reports on the stock. Susquehanna boosted their price target on shares of J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Evercore ISI boosted their price target on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Stifel Nicolaus lifted their price objective on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Benchmark restated a “buy” rating and issued a $185.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Finally, TD Cowen upped their price objective on shares of J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a “hold” rating in a report on Wednesday, October 16th.

Insider Activity at J.B. Hunt Transport Services

In related news, CEO Shelley Simpson sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $183.47, for a total transaction of $1,100,820.00. Following the sale, the chief executive officer now owns 82,264 shares of the company’s stock, valued at approximately $15,092,976.08. This represents a 6.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Darren P. Field sold 1,500 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total transaction of $275,250.00. Following the completion of the transaction, the executive vice president now directly owns 12,650 shares of the company’s stock, valued at approximately $2,321,275. The trade was a 10.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,459 shares of company stock worth $2,136,277. 2.10% of the stock is owned by corporate insiders.

Institutional Trading of J.B. Hunt Transport Services

Several institutional investors and hedge funds have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC grew its position in J.B. Hunt Transport Services by 13.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,761 shares of the transportation company’s stock worth $602,000 after acquiring an additional 437 shares in the last quarter. Blue Trust Inc. boosted its stake in J.B. Hunt Transport Services by 232.1% in the second quarter. Blue Trust Inc. now owns 269 shares of the transportation company’s stock worth $43,000 after buying an additional 188 shares in the last quarter. Raymond James & Associates grew its position in J.B. Hunt Transport Services by 70.7% during the second quarter. Raymond James & Associates now owns 17,172 shares of the transportation company’s stock valued at $2,747,000 after acquiring an additional 7,112 shares during the last quarter. Tempus Wealth Planning LLC raised its stake in shares of J.B. Hunt Transport Services by 2.2% during the second quarter. Tempus Wealth Planning LLC now owns 5,909 shares of the transportation company’s stock worth $945,000 after acquiring an additional 128 shares in the last quarter. Finally, AMG National Trust Bank lifted its holdings in shares of J.B. Hunt Transport Services by 21.4% in the 2nd quarter. AMG National Trust Bank now owns 8,198 shares of the transportation company’s stock worth $1,312,000 after acquiring an additional 1,446 shares during the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Price Performance

JBHT stock opened at $170.54 on Thursday. The company has a market capitalization of $17.20 billion, a P/E ratio of 31.01, a PEG ratio of 2.90 and a beta of 1.15. The company has a fifty day moving average price of $182.02 and a 200-day moving average price of $171.66. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. J.B. Hunt Transport Services has a 52-week low of $153.12 and a 52-week high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.07. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.04 billion. During the same period last year, the company earned $1.80 EPS. As a group, equities analysts expect that J.B. Hunt Transport Services will post 5.7 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Friday, November 8th. J.B. Hunt Transport Services’s dividend payout ratio is currently 31.27%.

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.