J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Cut to $183.00 by Analysts at Evercore ISI

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective trimmed by Evercore ISI from $185.00 to $183.00 in a research report sent to investors on Thursday, Benzinga reports. The brokerage currently has an outperform rating on the transportation company’s stock.

Several other research analysts also recently issued reports on JBHT. Wells Fargo & Company assumed coverage on shares of J.B. Hunt Transport Services in a research report on Friday, June 7th. They set an overweight rating and a $185.00 price target on the stock. Benchmark reissued a buy rating and set a $185.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 2nd. TD Cowen dropped their price objective on shares of J.B. Hunt Transport Services from $181.00 to $161.00 and set a hold rating for the company in a research report on Wednesday, July 17th. Susquehanna increased their price objective on J.B. Hunt Transport Services from $145.00 to $160.00 and gave the company a neutral rating in a research report on Thursday, September 26th. Finally, Barclays dropped their target price on J.B. Hunt Transport Services from $170.00 to $160.00 and set an equal weight rating for the company in a research report on Wednesday, July 17th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $182.06.

J.B. Hunt Transport Services Price Performance

NASDAQ:JBHT opened at $164.52 on Thursday. The firm has a market cap of $16.98 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 2.86 and a beta of 1.15. The company’s 50-day moving average price is $169.75 and its two-hundred day moving average price is $169.22. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.36. J.B. Hunt Transport Services has a 12 month low of $153.12 and a 12 month high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Tuesday, July 16th. The transportation company reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.19). J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter last year, the company earned $1.81 earnings per share. The firm’s revenue was down 6.5% on a year-over-year basis. On average, equities analysts anticipate that J.B. Hunt Transport Services will post 5.7 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 2nd were issued a $0.43 dividend. The ex-dividend date was Friday, August 2nd. This represents a $1.72 annualized dividend and a yield of 1.05%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 27.30%.

Insider Transactions at J.B. Hunt Transport Services

In other news, Director Persio V. Lisboa acquired 600 shares of the stock in a transaction that occurred on Friday, July 19th. The stock was acquired at an average price of $163.47 per share, for a total transaction of $98,082.00. Following the transaction, the director now directly owns 3,594 shares in the company, valued at approximately $587,511.18. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. In other news, EVP Darren P. Field sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total value of $525,090.00. Following the completion of the transaction, the executive vice president now owns 14,150 shares in the company, valued at $2,476,674.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Persio V. Lisboa acquired 600 shares of the stock in a transaction dated Friday, July 19th. The shares were bought at an average cost of $163.47 per share, with a total value of $98,082.00. Following the transaction, the director now directly owns 3,594 shares of the company’s stock, valued at $587,511.18. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.10% of the company’s stock.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JBHT. Silvercrest Asset Management Group LLC lifted its holdings in shares of J.B. Hunt Transport Services by 24.5% in the first quarter. Silvercrest Asset Management Group LLC now owns 29,302 shares of the transportation company’s stock valued at $5,838,000 after purchasing an additional 5,767 shares in the last quarter. Vanguard Group Inc. boosted its position in J.B. Hunt Transport Services by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 9,769,777 shares of the transportation company’s stock worth $1,946,628,000 after acquiring an additional 25,109 shares during the last quarter. Empirical Capital Management LLC bought a new position in shares of J.B. Hunt Transport Services during the 4th quarter worth approximately $8,089,000. Jennison Associates LLC grew its stake in shares of J.B. Hunt Transport Services by 11.2% during the 1st quarter. Jennison Associates LLC now owns 197,809 shares of the transportation company’s stock worth $39,413,000 after acquiring an additional 19,987 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of J.B. Hunt Transport Services in the fourth quarter valued at approximately $1,795,000. 74.95% of the stock is owned by institutional investors and hedge funds.

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.