J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Receives Consensus Rating of “Moderate Buy” from Brokerages

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) has received an average rating of “Moderate Buy” from the eighteen analysts that are currently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $190.11.

Several research analysts have recently commented on JBHT shares. 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. TD Cowen boosted their target price on shares of J.B. Hunt Transport Services from $160.00 to $182.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Evercore ISI raised their price target on shares of J.B. Hunt Transport Services from $183.00 to $185.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Susquehanna lifted their price objective on shares of J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Finally, Citigroup increased their target price on shares of J.B. Hunt Transport Services from $204.00 to $227.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th.

J.B. Hunt Transport Services Trading Down 0.6 %

NASDAQ JBHT opened at $189.11 on Friday. J.B. Hunt Transport Services has a one year low of $153.12 and a one year high of $219.51. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $19.07 billion, a price-to-earnings ratio of 34.38, a price-to-earnings-growth ratio of 3.03 and a beta of 1.14. The company’s 50-day simple moving average is $178.82 and its two-hundred day simple moving average is $169.55.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.07. The company had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.04 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. During the same period last year, the company posted $1.80 earnings per share. Equities analysts forecast that J.B. Hunt Transport Services will post 5.7 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend was Friday, November 8th. J.B. Hunt Transport Services’s payout ratio is 31.27%.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP Spencer Frazier sold 2,200 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total value of $427,262.00. Following the sale, the executive vice president now owns 4,050 shares in the company, valued at $786,550.50. This represents a 35.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Darren P. Field sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total value of $275,250.00. Following the transaction, the executive vice president now owns 12,650 shares of the company’s stock, valued at approximately $2,321,275. This represents a 10.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,314 shares of company stock worth $1,008,962 over the last quarter. Insiders own 2.10% of the company’s stock.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in JBHT. Janus Henderson Group PLC boosted its holdings in J.B. Hunt Transport Services by 0.7% during the third quarter. Janus Henderson Group PLC now owns 3,374,724 shares of the transportation company’s stock worth $581,567,000 after buying an additional 22,563 shares in the last quarter. State Street Corp raised its position in shares of J.B. Hunt Transport Services by 0.6% in the third quarter. State Street Corp now owns 3,289,874 shares of the transportation company’s stock worth $566,944,000 after acquiring an additional 19,826 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of J.B. Hunt Transport Services by 6.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,685,068 shares of the transportation company’s stock worth $269,611,000 after acquiring an additional 105,500 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of J.B. Hunt Transport Services by 0.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,446,351 shares of the transportation company’s stock valued at $231,416,000 after acquiring an additional 5,179 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of J.B. Hunt Transport Services by 25.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock valued at $152,589,000 after purchasing an additional 193,684 shares in the last quarter. 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.