Analysts Set J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) PT at $187.56

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) has received a consensus rating of “Moderate Buy” from the eighteen analysts that are presently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $187.56.

A number of research analysts recently weighed in on the company. Stephens reiterated an “overweight” rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Citigroup started coverage on J.B. Hunt Transport Services in a report on Wednesday, October 9th. They set a “buy” rating and a $201.00 target price for the company. Bank of America increased their target price on shares of J.B. Hunt Transport Services from $188.00 to $196.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Morgan Stanley reduced their price target on shares of J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating on the stock in a research report on Monday, July 8th. Finally, Evercore ISI increased their price objective on shares of J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th.

J.B. Hunt Transport Services Trading Up 0.2 %

Shares of JBHT stock opened at $180.96 on Wednesday. The firm’s 50-day simple moving average is $172.34 and its 200-day simple moving average is $166.73. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 1.21. J.B. Hunt Transport Services has a 1-year low of $153.12 and a 1-year high of $219.51. The firm has a market cap of $18.25 billion, a P/E ratio of 32.90, a PEG ratio of 3.12 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.07. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. The company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter last year, the firm posted $1.80 earnings per share. As a group, equities analysts forecast that J.B. Hunt Transport Services will post 5.68 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.95%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 31.27%.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, 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 $2,321,275. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the completion of the sale, the executive vice president now owns 14,150 shares in the company, valued at $2,476,674.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Darren P. Field sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was 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 owns 12,650 shares in the company, valued at approximately $2,321,275. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by insiders.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC grew its holdings in shares of J.B. Hunt Transport Services by 4.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,324 shares of the transportation company’s stock valued at $662,000 after purchasing an additional 128 shares during the last quarter. Uncommon Cents Investing LLC boosted its position in J.B. Hunt Transport Services by 3.0% during the 1st quarter. Uncommon Cents Investing LLC now owns 4,150 shares of the transportation company’s stock valued at $827,000 after purchasing an additional 120 shares during the period. Tempus Wealth Planning LLC increased its position in J.B. Hunt Transport Services by 2.7% in the first quarter. Tempus Wealth Planning LLC now owns 5,781 shares of the transportation company’s stock worth $1,152,000 after buying an additional 153 shares during the period. Oak Harvest Investment Services lifted its stake in J.B. Hunt Transport Services by 9.8% in the first quarter. Oak Harvest Investment Services now owns 3,714 shares of the transportation company’s stock valued at $740,000 after buying an additional 332 shares during the last quarter. Finally, New Century Financial Group LLC boosted its holdings in shares of J.B. Hunt Transport Services by 5.1% during the first quarter. New Century Financial Group LLC now owns 2,706 shares of the transportation company’s stock valued at $539,000 after acquiring an additional 132 shares during the period. 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.