J.B. Hunt Transport Services (NASDAQ:JBHT) PT Lowered to $195.00 at Susquehanna

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target trimmed by Susquehanna from $200.00 to $195.00 in a research note released on Monday, Benzinga reports. The brokerage currently has a neutral rating on the transportation company’s stock.

Other analysts also recently issued research reports about the stock. Raymond James increased their price objective on shares of J.B. Hunt Transport Services from $200.00 to $209.00 and gave the company an outperform rating in a report on Tuesday, January 16th. Stifel Nicolaus reiterated a hold rating and issued a $188.00 price objective on shares of J.B. Hunt Transport Services in a report on Friday, January 19th. StockNews.com downgraded shares of J.B. Hunt Transport Services from a hold rating to a sell rating in a report on Friday, March 8th. TD Cowen raised their price target on shares of J.B. Hunt Transport Services from $178.00 to $199.00 and gave the stock a market perform rating in a report on Friday, January 19th. Finally, Benchmark restated a buy rating and set a $215.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $206.39.

J.B. Hunt Transport Services Trading Up 0.8 %

JBHT stock opened at $195.20 on Monday. The company’s 50-day simple moving average is $204.16 and its 200-day simple moving average is $192.98. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. J.B. Hunt Transport Services has a 52-week low of $164.39 and a 52-week high of $219.51. The firm has a market cap of $20.16 billion, a P/E ratio of 28.01, a PEG ratio of 1.65 and a beta of 1.11.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Thursday, January 18th. The transportation company reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.27). The firm had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.29 billion. J.B. Hunt Transport Services had a return on equity of 18.40% and a net margin of 5.68%. The company’s revenue was down 9.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.92 earnings per share. As a group, equities analysts forecast that J.B. Hunt Transport Services will post 7.77 EPS for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were issued a dividend of $0.43 per share. The ex-dividend date was Thursday, February 8th. This represents a $1.72 dividend on an annualized basis and a yield of 0.88%. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.42. J.B. Hunt Transport Services’s payout ratio is currently 24.68%.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, insider Alfred C. Harper sold 6,500 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $212.71, for a total value of $1,382,615.00. Following the sale, the insider now owns 42,411 shares of the company’s stock, valued at $9,021,243.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Alfred C. Harper sold 6,500 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $212.71, for a total transaction of $1,382,615.00. Following the completion of the transaction, the insider now owns 42,411 shares of the company’s stock, valued at $9,021,243.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO John Kuhlow sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $213.00, for a total transaction of $745,500.00. Following the transaction, the chief financial officer now directly owns 10,537 shares of the company’s stock, valued at approximately $2,244,381. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,432 shares of company stock valued at $4,309,687. Corporate insiders own 2.10% of the company’s stock.

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

Several large investors have recently made changes to their positions in the business. Nomura Holdings Inc. acquired a new stake in shares of J.B. Hunt Transport Services in the fourth quarter worth $326,000. Hennessy Advisors Inc. acquired a new stake in shares of J.B. Hunt Transport Services in the fourth quarter worth $2,696,000. Vanguard Group Inc. boosted its stake in shares of J.B. Hunt Transport Services by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 9,744,668 shares of the transportation company’s stock valued at $1,946,400,000 after purchasing an additional 80,123 shares during the period. Wahed Invest LLC boosted its stake in shares of J.B. Hunt Transport Services by 10.9% in the fourth quarter. Wahed Invest LLC now owns 1,401 shares of the transportation company’s stock valued at $280,000 after purchasing an additional 138 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of J.B. Hunt Transport Services in the fourth quarter valued at $1,795,000. 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.