J.B. Hunt Transport Services (NASDAQ:JBHT) Lifted to “Hold” at StockNews.com

StockNews.com upgraded shares of J.B. Hunt Transport Services (NASDAQ:JBHT) from a sell rating to a hold rating in a report published on Monday morning.

A number of other analysts have also recently weighed in on the stock. Benchmark reissued a buy rating and set a $215.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, April 17th. Stifel Nicolaus decreased their target price on J.B. Hunt Transport Services from $188.00 to $173.00 and set a hold rating for the company in a research note on Wednesday, April 17th. UBS Group dropped their price target on J.B. Hunt Transport Services from $234.00 to $211.00 and set a buy rating on the stock in a research report on Wednesday, April 17th. BMO Capital Markets reduced their price objective on J.B. Hunt Transport Services from $218.00 to $200.00 and set an outperform rating for the company in a research report on Thursday, April 18th. Finally, TD Cowen dropped their target price on J.B. Hunt Transport Services from $193.00 to $181.00 and set a hold rating on the stock in a research report on Wednesday, April 17th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, J.B. Hunt Transport Services currently has a consensus rating of Moderate Buy and an average target price of $194.24.

J.B. Hunt Transport Services Stock Up 0.6 %

Shares of J.B. Hunt Transport Services stock opened at $163.52 on Monday. The company has a quick ratio of 1.15, a current ratio of 1.26 and a debt-to-equity ratio of 0.33. The business has a 50-day moving average price of $191.09 and a 200 day moving average price of $191.63. J.B. Hunt Transport Services has a fifty-two week low of $160.07 and a fifty-two week high of $219.51. The firm has a market cap of $16.88 billion, a P/E ratio of 25.96, a P/E/G ratio of 2.13 and a beta of 1.11.

J.B. Hunt Transport Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a $0.43 dividend. The ex-dividend date is Thursday, May 9th. This represents a $1.72 dividend on an annualized basis and a yield of 1.05%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 27.30%.

Insider Buying and Selling at J.B. Hunt Transport Services

In other news, CEO John N. Roberts bought 6,200 shares of the stock in a transaction dated Friday, April 26th. The stock was bought at an average price of $161.06 per share, for a total transaction of $998,572.00. Following the purchase, the chief executive officer now directly owns 313,955 shares in the company, valued at approximately $50,565,592.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other J.B. Hunt Transport Services news, CEO John N. Roberts acquired 6,200 shares of the business’s stock in a transaction on Friday, April 26th. The shares were acquired at an average price of $161.06 per share, for a total transaction of $998,572.00. Following the completion of the acquisition, the chief executive officer now owns 313,955 shares in the company, valued at $50,565,592.30. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO John Kuhlow sold 3,500 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $213.00, for a total transaction of $745,500.00. Following the transaction, the chief financial officer now owns 10,537 shares of the company’s stock, valued at $2,244,381. The disclosure for this sale can be found here. Insiders sold 15,454 shares of company stock valued at $3,283,219 in the last 90 days. Insiders own 2.10% of the company’s stock.

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

A number of institutional investors have recently modified their holdings of JBHT. Janney Montgomery Scott LLC bought a new position in J.B. Hunt Transport Services in the 1st quarter worth about $208,000. BNP Paribas Financial Markets lifted its stake in shares of J.B. Hunt Transport Services by 114.0% in the first quarter. BNP Paribas Financial Markets now owns 117,015 shares of the transportation company’s stock worth $23,315,000 after buying an additional 62,330 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of J.B. Hunt Transport Services by 4.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,722 shares of the transportation company’s stock worth $2,696,000 after buying an additional 687 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of J.B. Hunt Transport Services by 6.9% during the first quarter. Van ECK Associates Corp now owns 12,680 shares of the transportation company’s stock valued at $2,526,000 after buying an additional 817 shares during the last quarter. Finally, Hutchens & Kramer Investment Management Group LLC increased its position in shares of J.B. Hunt Transport Services by 23.2% during the first quarter. Hutchens & Kramer Investment Management Group LLC now owns 1,437 shares of the transportation company’s stock valued at $282,000 after acquiring an additional 271 shares in the last quarter. 74.95% 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 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.