J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Receives $286.30 Average Price Target from Analysts

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) have received an average rating of “Moderate Buy” from the twenty-six ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $286.3043.

Several equities research analysts have issued reports on the company. Truist Financial raised their price target on J.B. Hunt Transport Services from $280.00 to $295.00 and gave the company a “hold” rating in a report on Thursday, July 16th. Raymond James Financial upped their price objective on shares of J.B. Hunt Transport Services from $299.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, July 16th. Robert W. Baird increased their price objective on shares of J.B. Hunt Transport Services from $290.00 to $320.00 and gave the company an “outperform” rating in a research report on Thursday, July 16th. Stifel Nicolaus raised their target price on shares of J.B. Hunt Transport Services from $225.00 to $261.00 and gave the stock a “hold” rating in a research note on Monday, July 13th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th.

Insider Buying and Selling

In other news, EVP Brian Webb sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $284.01, for a total transaction of $426,015.00. Following the completion of the sale, the executive vice president owned 15,881 shares in the company, valued at $4,510,362.81. The trade was a 8.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP David Keefauver sold 703 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $285.13, for a total value of $200,446.39. Following the completion of the transaction, the executive vice president directly owned 790 shares in the company, valued at $225,252.70. The trade was a 47.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JBHT. BlackRock Inc. bought a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at about $1,833,602,000. State Street Corp increased its position in J.B. Hunt Transport Services by 7.1% during the second quarter. State Street Corp now owns 4,122,669 shares of the transportation company’s stock worth $592,015,000 after acquiring an additional 272,594 shares during the period. Janus Henderson Group PLC increased its position in J.B. Hunt Transport Services by 1.1% during the first quarter. Janus Henderson Group PLC now owns 3,982,720 shares of the transportation company’s stock worth $843,937,000 after acquiring an additional 41,887 shares during the period. AQR Capital Management LLC raised its stake in J.B. Hunt Transport Services by 17.7% in the 4th quarter. AQR Capital Management LLC now owns 3,755,171 shares of the transportation company’s stock worth $729,780,000 after purchasing an additional 565,605 shares in the last quarter. Finally, Jupiter Topco LLC acquired a new stake in J.B. Hunt Transport Services in the 2nd quarter worth about $891,349,000. 74.95% of the stock is owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Price Performance

NASDAQ:JBHT opened at $283.37 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.31. The stock’s 50 day moving average price is $279.58 and its two-hundred day moving average price is $249.49. The firm has a market capitalization of $26.61 billion, a price-to-earnings ratio of 40.14, a P/E/G ratio of 1.76 and a beta of 1.30. J.B. Hunt Transport Services has a 12-month low of $130.12 and a 12-month high of $299.76.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.20. The company had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.26 billion. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.The business’s revenue was up 19.4% on a year-over-year basis. During the same period last year, the firm posted $1.31 earnings per share. On average, analysts anticipate that J.B. Hunt Transport Services will post 7.75 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, August 7th. This represents a $1.80 annualized dividend and a yield of 0.6%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 25.50%.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.