Susquehanna Raises J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $160.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target lifted by Susquehanna from $145.00 to $160.00 in a research report sent to investors on Thursday, Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

A number of other research analysts also recently issued reports on JBHT. Wells Fargo & Company began coverage on J.B. Hunt Transport Services in a research note on Friday, June 7th. They issued an overweight rating and a $185.00 price objective for the company. Stifel Nicolaus lowered their price objective on shares of J.B. Hunt Transport Services from $173.00 to $151.00 and set a hold rating on the stock in a research report on Tuesday, July 23rd. Evercore ISI reduced their target price on shares of J.B. Hunt Transport Services from $191.00 to $185.00 and set an outperform rating for the company in a research report on Wednesday, July 17th. TD Cowen lowered their price target on shares of J.B. Hunt Transport Services from $181.00 to $161.00 and set a hold rating on the stock in a report on Wednesday, July 17th. Finally, Morgan Stanley lowered their target price on J.B. Hunt Transport Services from $162.00 to $160.00 and set an equal weight rating on the stock in a research note on Monday, July 8th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, J.B. Hunt Transport Services presently has an average rating of Moderate Buy and a consensus price target of $182.19.

J.B. Hunt Transport Services Trading Up 0.5 %

NASDAQ JBHT opened at $172.35 on Thursday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.36. The business has a fifty day simple moving average of $169.64 and a 200 day simple moving average of $170.15. J.B. Hunt Transport Services has a 12 month low of $153.12 and a 12 month high of $219.51. The firm has a market capitalization of $17.79 billion, a P/E ratio of 27.36, a PEG ratio of 2.86 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Tuesday, July 16th. The transportation company reported $1.32 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.19). J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. The firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same quarter in the prior year, the company earned $1.81 EPS. The business’s revenue for the quarter was down 6.5% on a year-over-year basis. On average, analysts predict that J.B. Hunt Transport Services will post 5.7 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 2nd were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $1.72 annualized dividend and a yield of 1.00%. J.B. Hunt Transport Services’s dividend payout ratio is currently 27.30%.

Insiders Place Their Bets

In other news, EVP Darren P. Field sold 3,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the completion of the transaction, the executive vice president now directly owns 14,150 shares in the company, valued at approximately $2,476,674.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other J.B. Hunt Transport Services news, Director Persio V. Lisboa purchased 600 shares of the stock in a transaction on Friday, July 19th. The shares were purchased at an average price of $163.47 per share, with a total value of $98,082.00. Following the acquisition, the director now directly owns 3,594 shares in the company, valued at approximately $587,511.18. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Darren P. Field sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the completion of the sale, the executive vice president now directly owns 14,150 shares in the company, valued at $2,476,674.50. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On J.B. Hunt Transport Services

Institutional investors have recently made changes to their positions in the stock. Hsbc Holdings PLC lifted its holdings in shares of J.B. Hunt Transport Services by 6.6% during the 4th quarter. Hsbc Holdings PLC now owns 196,945 shares of the transportation company’s stock worth $39,348,000 after acquiring an additional 12,272 shares during the last quarter. TD Asset Management Inc increased its position in shares of J.B. Hunt Transport Services by 1.8% during the 4th quarter. TD Asset Management Inc now owns 398,847 shares of the transportation company’s stock valued at $79,666,000 after purchasing an additional 6,875 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of J.B. Hunt Transport Services by 0.9% during the 4th quarter. Treasurer of the State of North Carolina now owns 37,548 shares of the transportation company’s stock valued at $7,500,000 after buying an additional 350 shares in the last quarter. TFO Wealth Partners LLC lifted its position in J.B. Hunt Transport Services by 94,800.0% in the 4th quarter. TFO Wealth Partners LLC now owns 2,847 shares of the transportation company’s stock worth $599,000 after buying an additional 2,844 shares during the last quarter. Finally, Burkett Financial Services LLC purchased a new stake in J.B. Hunt Transport Services in the fourth quarter worth approximately $86,000. 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.