Susquehanna Cuts J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $145.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price reduced by Susquehanna from $157.00 to $145.00 in a report published on Wednesday,Benzinga reports. Susquehanna currently has a neutral rating on the transportation company’s stock.

A number of other equities analysts have also recently weighed in on JBHT. Truist Financial lifted their price target on J.B. Hunt Transport Services from $140.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday, July 16th. UBS Group cut J.B. Hunt Transport Services from a “buy” rating to a “neutral” rating and lifted their target price for the company from $155.00 to $157.00 in a research note on Friday, September 5th. Baird R W raised J.B. Hunt Transport Services to a “strong-buy” rating in a research note on Tuesday, July 1st. Citigroup reaffirmed a “buy” rating and set a $170.00 target price (down previously from $175.00) on shares of J.B. Hunt Transport Services in a research note on Wednesday, July 16th. Finally, JPMorgan Chase & Co. lifted their target price on J.B. Hunt Transport Services from $159.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $163.57.

J.B. Hunt Transport Services Trading Up 1.6%

Shares of JBHT opened at $134.46 on Wednesday. The business’s 50-day moving average price is $142.08 and its 200 day moving average price is $141.88. The stock has a market capitalization of $13.02 billion, a P/E ratio of 24.45, a P/E/G ratio of 2.07 and a beta of 1.28. J.B. Hunt Transport Services has a 1-year low of $122.79 and a 1-year high of $200.40. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Tuesday, July 15th. The transportation company reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.03). The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.93 billion. J.B. Hunt Transport Services had a return on equity of 14.26% and a net margin of 4.59%.The company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.32 EPS. Analysts expect that J.B. Hunt Transport Services will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were paid a $0.44 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.76 annualized dividend and a dividend yield of 1.3%. J.B. Hunt Transport Services’s payout ratio is presently 32.00%.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP Eric Mcgee purchased 1,148 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was acquired at an average price of $140.76 per share, with a total value of $161,592.48. Following the purchase, the executive vice president owned 7,397 shares in the company, valued at $1,041,201.72. This represents a 18.37% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Keefauver sold 989 shares of the business’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $151.97, for a total value of $150,298.33. Following the completion of the sale, the executive vice president directly owned 946 shares of the company’s stock, valued at approximately $143,763.62. The trade was a 51.11% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

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

Large investors have recently made changes to their positions in the company. Summit Securities Group LLC lifted its holdings in J.B. Hunt Transport Services by 19,600.0% in the 1st quarter. Summit Securities Group LLC now owns 197 shares of the transportation company’s stock worth $29,000 after purchasing an additional 196 shares during the last quarter. Private Trust Co. NA lifted its holdings in J.B. Hunt Transport Services by 57.8% in the 2nd quarter. Private Trust Co. NA now owns 202 shares of the transportation company’s stock worth $29,000 after purchasing an additional 74 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in J.B. Hunt Transport Services in the 2nd quarter worth approximately $31,000. Assetmark Inc. lifted its holdings in J.B. Hunt Transport Services by 418.6% in the 2nd quarter. Assetmark Inc. now owns 223 shares of the transportation company’s stock worth $32,000 after purchasing an additional 180 shares during the last quarter. Finally, MUFG Securities EMEA plc acquired a new stake in J.B. Hunt Transport Services in the 2nd quarter worth approximately $34,000. Institutional investors own 74.95% of the company’s stock.

About J.B. Hunt Transport Services

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.