J.B. Hunt Transport Services (NASDAQ:JBHT) Given New $216.00 Price Target at Bank of America

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price boosted by Bank of America from $207.00 to $216.00 in a research note published on Monday morning, Marketbeat.com reports. They currently have a buy rating on the transportation company’s stock.

JBHT has been the topic of a number of other research reports. Citigroup lifted their target price on shares of J.B. Hunt Transport Services from $200.00 to $207.00 and gave the company a buy rating in a research note on Thursday, June 29th. Stephens lifted their target price on shares of J.B. Hunt Transport Services from $196.00 to $203.00 in a research note on Wednesday, July 19th. 51job reissued a reiterates rating on shares of J.B. Hunt Transport Services in a research note on Tuesday, June 27th. Stifel Nicolaus boosted their price objective on shares of J.B. Hunt Transport Services from $162.00 to $174.00 and gave the stock a hold rating in a research note on Wednesday, July 19th. Finally, Wells Fargo & Company boosted their price objective on shares of J.B. Hunt Transport Services from $200.00 to $210.00 in a research note on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Hold and an average price target of $196.40.

J.B. Hunt Transport Services Price Performance

JBHT stock opened at $194.34 on Monday. The firm’s 50-day moving average price is $193.76 and its two-hundred day moving average price is $181.04. J.B. Hunt Transport Services has a 12-month low of $156.28 and a 12-month high of $209.21. The stock has a market capitalization of $20.09 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 1.65 and a beta of 1.16. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.31.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Tuesday, July 18th. The transportation company reported $1.81 earnings per share for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.09). The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.29 billion. J.B. Hunt Transport Services had a net margin of 6.19% and a return on equity of 23.06%. The company’s revenue for the quarter was down 18.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.42 EPS. As a group, equities analysts predict that J.B. Hunt Transport Services will post 7.72 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Friday, August 4th were issued a dividend of $0.42 per share. The ex-dividend date was Thursday, August 3rd. This represents a $1.68 annualized dividend and a dividend yield of 0.86%. J.B. Hunt Transport Services’s payout ratio is 20.51%.

Insider Activity

In other news, EVP Stuart Lockard Scott sold 1,609 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $198.28, for a total transaction of $319,032.52. Following the completion of the transaction, the executive vice president now directly owns 29,126 shares of the company’s stock, valued at $5,775,103.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other J.B. Hunt Transport Services news, EVP Stuart Lockard Scott sold 1,609 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $198.28, for a total transaction of $319,032.52. Following the completion of the sale, the executive vice president now directly owns 29,126 shares of the company’s stock, valued at $5,775,103.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Eric Mcgee sold 310 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $202.52, for a total transaction of $62,781.20. Following the sale, the executive vice president now directly owns 900 shares of the company’s stock, valued at $182,268. The disclosure for this sale can be found here. Insiders sold 11,502 shares of company stock valued at $2,284,358 over the last three months. Insiders own 3.10% of the company’s stock.

Institutional Trading of J.B. Hunt Transport Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Credit Suisse AG boosted its position in shares of J.B. Hunt Transport Services by 0.3% in the fourth quarter. Credit Suisse AG now owns 142,355 shares of the transportation company’s stock worth $24,821,000 after purchasing an additional 356 shares during the period. Rockefeller Capital Management L.P. boosted its position in shares of J.B. Hunt Transport Services by 4.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,040 shares of the transportation company’s stock worth $702,000 after purchasing an additional 166 shares during the period. Assetmark Inc. boosted its position in shares of J.B. Hunt Transport Services by 9.9% in the first quarter. Assetmark Inc. now owns 9,043 shares of the transportation company’s stock worth $1,587,000 after purchasing an additional 811 shares during the period. Treasurer of the State of North Carolina boosted its position in shares of J.B. Hunt Transport Services by 0.6% in the first quarter. Treasurer of the State of North Carolina now owns 37,193 shares of the transportation company’s stock worth $6,526,000 after purchasing an additional 230 shares during the period. Finally, B.O.S.S. Retirement Advisors LLC bought a new position in shares of J.B. Hunt Transport Services during the second quarter worth $1,600,000. 73.09% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in North America. 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.