Brokerages Set J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Target Price at $184.05

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) has been assigned a consensus recommendation of “Moderate Buy” from the twenty brokerages that are currently covering the company, Marketbeat reports. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $184.05.

JBHT has been the subject of a number of research analyst reports. Raymond James decreased their target price on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating for the company in a research report on Tuesday, January 21st. Evercore ISI decreased their price objective on J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Susquehanna cut shares of J.B. Hunt Transport Services from a “positive” rating to a “neutral” rating and cut their target price for the company from $200.00 to $165.00 in a report on Wednesday, March 26th. Bank of America decreased their price target on shares of J.B. Hunt Transport Services from $189.00 to $170.00 and set a “buy” rating for the company in a research note on Monday, March 17th. Finally, Truist Financial began coverage on shares of J.B. Hunt Transport Services in a research note on Thursday, March 13th. They issued a “hold” rating and a $165.00 price objective on the stock.

J.B. Hunt Transport Services Stock Up 1.3 %

JBHT stock opened at $147.95 on Friday. The company’s 50 day moving average is $161.79 and its two-hundred day moving average is $171.97. J.B. Hunt Transport Services has a twelve month low of $144.34 and a twelve month high of $200.40. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The stock has a market cap of $14.80 billion, a P/E ratio of 26.61, a PEG ratio of 1.61 and a beta of 1.16.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). The company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. J.B. Hunt Transport Services’s revenue was down 4.5% on a year-over-year basis. During the same period last year, the firm earned $1.47 earnings per share. Research analysts expect that J.B. Hunt Transport Services will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Friday, February 7th. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 31.65%.

Insider Buying and Selling

In other news, EVP Darren P. Field sold 1,200 shares of J.B. Hunt Transport Services stock in a transaction on Friday, March 7th. The stock was sold at an average price of $161.67, for a total transaction of $194,004.00. Following the completion of the transaction, the executive vice president now owns 17,822 shares of the company’s stock, valued at $2,881,282.74. The trade was a 6.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director James K. Thompson sold 4,400 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total transaction of $771,628.00. Following the completion of the sale, the director now directly owns 23,559 shares in the company, valued at approximately $4,131,541.83. The trade was a 15.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

Hedge Funds Weigh In On J.B. Hunt Transport Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC increased its stake in shares of J.B. Hunt Transport Services by 21.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,102 shares of the transportation company’s stock worth $1,041,000 after purchasing an additional 1,066 shares in the last quarter. Siemens Fonds Invest GmbH increased its position in J.B. Hunt Transport Services by 292.7% during the fourth quarter. Siemens Fonds Invest GmbH now owns 22,798 shares of the transportation company’s stock worth $3,891,000 after buying an additional 16,992 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in J.B. Hunt Transport Services during the fourth quarter worth $14,655,000. Mackenzie Financial Corp raised its holdings in shares of J.B. Hunt Transport Services by 28.2% in the fourth quarter. Mackenzie Financial Corp now owns 8,739 shares of the transportation company’s stock worth $1,491,000 after acquiring an additional 1,923 shares during the last quarter. Finally, Forum Financial Management LP lifted its position in shares of J.B. Hunt Transport Services by 34.4% in the fourth quarter. Forum Financial Management LP now owns 1,799 shares of the transportation company’s stock valued at $307,000 after acquiring an additional 460 shares in the last quarter. 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.