J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Lowered to $170.00 at Bank of America

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective lowered by Bank of America from $189.00 to $170.00 in a research note released on Monday morning,Benzinga reports. The firm currently has a buy rating on the transportation company’s stock.

A number of other equities analysts have also recently commented on JBHT. Wells Fargo & Company lowered their target price on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Deutsche Bank Aktiengesellschaft initiated coverage on J.B. Hunt Transport Services in a research report on Friday, March 7th. They set a “hold” rating and a $167.00 price target on the stock. UBS Group cut their price target on J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Stifel Nicolaus lowered their target price on J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating on the stock in a research note on Wednesday, January 15th. Finally, Susquehanna upgraded J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 price target on the stock in a research note on Friday, January 3rd. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $186.80.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT opened at $147.05 on Monday. The stock has a market cap of $14.71 billion, a PE ratio of 26.45, a P/E/G ratio of 1.61 and a beta of 1.16. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. J.B. Hunt Transport Services has a twelve month low of $144.90 and a twelve month high of $200.40. The stock has a fifty day simple moving average of $166.52 and a 200-day simple moving average of $173.16.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The business had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the prior year, the company posted $1.47 earnings per share. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. Equities analysts anticipate that J.B. Hunt Transport Services will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $0.44 dividend. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Friday, February 7th. J.B. Hunt Transport Services’s dividend payout ratio is presently 31.65%.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, Director James K. Thompson sold 4,400 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total transaction of $771,628.00. Following the completion of the sale, the director now owns 23,559 shares of the company’s stock, valued at approximately $4,131,541.83. The trade was a 15.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Darren P. Field sold 1,200 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $161.67, for a total value of $194,004.00. Following the sale, the executive vice president now directly owns 17,822 shares of the company’s stock, valued at approximately $2,881,282.74. This trade represents a 6.31 % decrease in their position. The disclosure for this sale can be found here. 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 added to or reduced their stakes in the company. True Wealth Design LLC boosted its position in shares of J.B. Hunt Transport Services by 2,028.6% in the third quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock worth $26,000 after buying an additional 142 shares during the period. National Pension Service acquired a new stake in shares of J.B. Hunt Transport Services during the fourth quarter worth $30,000. BankPlus Trust Department bought a new position in shares of J.B. Hunt Transport Services during the fourth quarter worth about $34,000. Versant Capital Management Inc grew its position in shares of J.B. Hunt Transport Services by 102.2% during the fourth quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock worth $48,000 after acquiring an additional 142 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in J.B. Hunt Transport Services by 68.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company’s stock valued at $56,000 after buying an additional 134 shares in the last quarter. Hedge funds and other institutional investors 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.