J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Receives $187.56 Consensus PT from Analysts

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) has earned a consensus rating of “Moderate Buy” from the eighteen analysts that are covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $187.56.

Several equities research analysts have recently commented on JBHT shares. Bank of America boosted their price target on shares of J.B. Hunt Transport Services from $188.00 to $196.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. The Goldman Sachs Group reduced their price objective on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Loop Capital increased their target price on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. BMO Capital Markets reissued an “outperform” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Finally, TD Cowen upped their price objective on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred 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 directly owns 14,150 shares in the company, valued at approximately $2,476,674.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP Darren P. Field sold 3,000 shares of the firm’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 transaction, the executive vice president now owns 14,150 shares of the company’s stock, valued at $2,476,674.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Darren P. Field sold 1,500 shares of the company’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 sale, the executive vice president now directly 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 owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Catalyst Capital Advisors LLC purchased a new position in shares of J.B. Hunt Transport Services during the 3rd quarter valued at approximately $26,000. Versant Capital Management Inc increased its holdings in J.B. Hunt Transport Services by 382.1% in the second quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock valued at $30,000 after buying an additional 149 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of J.B. Hunt Transport Services in the second quarter worth about $31,000. nVerses Capital LLC purchased a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter worth about $32,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter valued at about $36,000. 74.95% of the stock is owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Stock Up 2.0 %

Shares of NASDAQ JBHT opened at $185.56 on Wednesday. J.B. Hunt Transport Services has a 52-week low of $153.12 and a 52-week high of $219.51. The firm has a market capitalization of $18.71 billion, a price-to-earnings ratio of 33.74, a PEG ratio of 3.10 and a beta of 1.14. The stock has a 50 day moving average price of $172.46 and a 200 day moving average price of $166.73. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.07. The business had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.04 billion. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. During the same period in the prior year, the business earned $1.80 EPS. Sell-side analysts expect that J.B. Hunt Transport Services will post 5.68 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be given 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 yield of 0.93%. J.B. Hunt Transport Services’s dividend payout ratio is currently 31.27%.

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.