Analysts Set J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) PT at $192.29

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) have been assigned a consensus rating of “Moderate Buy” from the sixteen research firms that are covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $191.38.

Several equities research analysts have issued reports on JBHT shares. Robert W. Baird dropped their price objective on J.B. Hunt Transport Services from $215.00 to $205.00 and set an “outperform” rating on the stock in a report on Wednesday, April 17th. Barclays lowered their price target on J.B. Hunt Transport Services from $200.00 to $170.00 and set an “equal weight” rating for the company in a report on Wednesday, April 17th. Benchmark reiterated a “buy” rating and issued a $215.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, April 17th. Stephens lowered their price target on J.B. Hunt Transport Services from $210.00 to $192.00 and set an “overweight” rating for the company in a report on Wednesday, April 17th. Finally, Susquehanna lowered their price target on J.B. Hunt Transport Services from $195.00 to $185.00 and set a “neutral” rating for the company in a report on Wednesday, April 17th.

J.B. Hunt Transport Services Price Performance

JBHT stock opened at $160.00 on Thursday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.33. J.B. Hunt Transport Services has a 52-week low of $153.12 and a 52-week high of $219.51. The stock’s 50 day moving average is $161.56 and its two-hundred day moving average is $185.95. The company has a market capitalization of $16.51 billion, a PE ratio of 25.40, a P/E/G ratio of 1.79 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Tuesday, April 16th. The transportation company reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.31). J.B. Hunt Transport Services had a return on equity of 16.25% and a net margin of 5.25%. The business had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $3.12 billion. Analysts predict that J.B. Hunt Transport Services will post 6.48 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were given a dividend of $0.43 per share. The ex-dividend date was Thursday, May 9th. This represents a $1.72 dividend on an annualized basis and a yield of 1.08%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 27.30%.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, CEO John N. Roberts purchased 6,200 shares of J.B. Hunt Transport Services stock in a transaction on Friday, April 26th. The stock was bought at an average price of $161.06 per share, for a total transaction of $998,572.00. Following the transaction, the chief executive officer now owns 313,955 shares of the company’s stock, valued at approximately $50,565,592.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.10% of the stock is currently owned by insiders.

Institutional Trading of J.B. Hunt Transport Services

Several institutional investors have recently modified their holdings of the company. American Trust lifted its holdings in shares of J.B. Hunt Transport Services by 12.5% in the first quarter. American Trust now owns 17,881 shares of the transportation company’s stock valued at $3,563,000 after buying an additional 1,990 shares during the period. Cetera Advisors LLC acquired a new stake in shares of J.B. Hunt Transport Services in the first quarter valued at $496,000. Cetera Investment Advisers lifted its holdings in shares of J.B. Hunt Transport Services by 130.7% in the first quarter. Cetera Investment Advisers now owns 8,398 shares of the transportation company’s stock valued at $1,673,000 after buying an additional 4,758 shares during the period. Swedbank AB acquired a new stake in shares of J.B. Hunt Transport Services during the first quarter worth $5,781,000. Finally, Wahed Invest LLC raised its position in shares of J.B. Hunt Transport Services by 13.7% during the first quarter. Wahed Invest LLC now owns 1,593 shares of the transportation company’s stock worth $317,000 after purchasing an additional 192 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

About J.B. Hunt Transport Services

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.