Weekly Research Analysts’ Ratings Changes for J.B. Hunt Transport Services (JBHT)

Posted by Tammy Falkenburg on May 2nd, 2024

Several analysts have recently updated their ratings and price targets for J.B. Hunt Transport Services (NASDAQ: JBHT):

4/29/2024 – J.B. Hunt Transport Services was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
4/18/2024 – J.B. Hunt Transport Services had its price target lowered by analysts at BMO Capital Markets from $218.00 to $200.00. They now have an “outperform” rating on the stock.
4/18/2024 – J.B. Hunt Transport Services had its price target lowered by analysts at Loop Capital from $200.00 to $177.00. They now have a “hold” rating on the stock.
4/17/2024 – J.B. Hunt Transport Services had its price target lowered by analysts at JPMorgan Chase & Co. from $209.00 to $204.00. They now have an “overweight” rating on the stock.
4/17/2024 – J.B. Hunt Transport Services had its price target lowered by analysts at Stephens from $210.00 to $192.00. They now have an “overweight” rating on the stock.
4/17/2024 – J.B. Hunt Transport Services had its price target lowered by analysts at Robert W. Baird from $215.00 to $205.00. They now have an “outperform” rating on the stock.
4/17/2024 – J.B. Hunt Transport Services had its price target lowered by analysts at Evercore ISI from $218.00 to $199.00. They now have an “outperform” rating on the stock.
4/17/2024 – J.B. Hunt Transport Services had its price target lowered by analysts at Susquehanna from $195.00 to $185.00. They now have a “neutral” rating on the stock.
4/17/2024 – J.B. Hunt Transport Services had its price target lowered by analysts at Stifel Nicolaus from $188.00 to $173.00. They now have a “hold” rating on the stock.
4/17/2024 – J.B. Hunt Transport Services had its price target lowered by analysts at TD Cowen from $193.00 to $181.00. They now have a “hold” rating on the stock.
4/17/2024 – J.B. Hunt Transport Services had its price target lowered by analysts at Barclays PLC from $200.00 to $170.00. They now have an “equal weight” rating on the stock.
4/17/2024 – J.B. Hunt Transport Services had its price target lowered by analysts at Bank of America Co. from $215.00 to $199.00. They now have a “buy” rating on the stock.
4/17/2024 – J.B. Hunt Transport Services had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $215.00 price target on the stock.
4/17/2024 – J.B. Hunt Transport Services had its price target lowered by analysts at UBS Group AG from $234.00 to $211.00. They now have a “buy” rating on the stock.
4/4/2024 – J.B. Hunt Transport Services had its price target lowered by analysts at Stephens from $212.00 to $210.00. They now have an “overweight” rating on the stock.
4/1/2024 – J.B. Hunt Transport Services was downgraded by analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating. They now have a $200.00 price target on the stock, down previously from $215.00.
3/25/2024 – J.B. Hunt Transport Services had its price target lowered by analysts at Susquehanna from $200.00 to $195.00. They now have a “neutral” rating on the stock.
3/13/2024 – J.B. Hunt Transport Services had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $215.00 price target on the stock.
3/8/2024 – J.B. Hunt Transport Services was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT opened at $163.52 on Thursday. The business has a 50 day moving average of $191.09 and a 200 day moving average of $191.63. The company has a market capitalization of $16.88 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 2.13 and a beta of 1.11. J.B. Hunt Transport Services, Inc. has a 1-year low of $160.07 and a 1-year high of $219.51. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.26 and a quick ratio of 1.15.

J.B. Hunt Transport Services Dividend Announcement

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

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

In other J.B. Hunt Transport Services news, SVP Kevin Bracy sold 754 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $211.79, for a total value of $159,689.66. Following the completion of the sale, the senior vice president now owns 8,235 shares in the company, valued at $1,744,090.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Kevin Bracy sold 754 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $211.79, for a total transaction of $159,689.66. Following the completion of the transaction, the senior vice president now owns 8,235 shares in the company, valued at $1,744,090.65. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO John N. Roberts bought 6,200 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were acquired at an average price of $161.06 per share, with a total value of $998,572.00. Following the acquisition, the chief executive officer now owns 313,955 shares of the company’s stock, valued at $50,565,592.30. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 15,454 shares of company stock worth $3,283,219. 2.10% of the stock is currently owned by insiders.

Hedge Funds 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. VisionPoint Advisory Group LLC grew its stake in J.B. Hunt Transport Services by 104.8% in the third quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock worth $32,000 after purchasing an additional 87 shares during the period. Operose Advisors LLC purchased a new stake in J.B. Hunt Transport Services in the third quarter worth $34,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in J.B. Hunt Transport Services in the third quarter worth $36,000. YHB Investment Advisors Inc. purchased a new stake in J.B. Hunt Transport Services in the first quarter worth $40,000. Finally, Exchange Traded Concepts LLC purchased a new stake in J.B. Hunt Transport Services in the third quarter worth $45,000. Institutional investors own 74.95% of the company’s stock.

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.