J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Cut to $150.00 by Analysts at JPMorgan Chase & Co.

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target trimmed by JPMorgan Chase & Co. from $167.00 to $150.00 in a research note published on Wednesday,Benzinga reports. The firm currently has an overweight rating on the transportation company’s stock.

Several other research analysts also recently commented on the company. Wells Fargo & Company reduced their price objective on J.B. Hunt Transport Services from $170.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday. Stephens reduced their target price on shares of J.B. Hunt Transport Services from $170.00 to $165.00 and set an “overweight” rating for the company in a research report on Wednesday. Truist Financial started coverage on shares of J.B. Hunt Transport Services in a research report on Thursday, March 13th. They set a “hold” rating and a $165.00 price target on the stock. Evercore ISI decreased their target price on shares of J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Finally, Bank of America lowered their target price on J.B. Hunt Transport Services from $189.00 to $170.00 and set a “buy” rating on the stock in a report on Monday, March 17th. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $165.90.

J.B. Hunt Transport Services Stock Down 7.7 %

JBHT stock opened at $124.73 on Wednesday. J.B. Hunt Transport Services has a 52 week low of $122.79 and a 52 week high of $200.40. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The firm has a 50-day simple moving average of $152.14 and a 200-day simple moving average of $168.65. The stock has a market capitalization of $12.47 billion, a P/E ratio of 22.43, a P/E/G ratio of 1.61 and a beta of 1.27.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.02. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The company had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.92 billion. Equities analysts forecast that J.B. Hunt Transport Services will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $0.44 per share. The ex-dividend date was Friday, February 7th. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.41%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 31.94%.

Insider Transactions at J.B. Hunt Transport Services

In related news, Director James K. Thompson sold 4,400 shares of the 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 transaction, the director now owns 23,559 shares of the company’s stock, valued at approximately $4,131,541.83. This represents a 15.74 % decrease in their position. 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 J.B. Hunt Transport Services 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 completion of the transaction, the executive vice president now directly owns 17,822 shares of the company’s stock, valued at approximately $2,881,282.74. This represents a 6.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

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

Several institutional investors have recently modified their holdings of the business. Janus Henderson Group PLC raised its stake in shares of J.B. Hunt Transport Services by 0.5% in the fourth quarter. Janus Henderson Group PLC now owns 3,390,200 shares of the transportation company’s stock valued at $578,572,000 after acquiring an additional 15,476 shares in the last quarter. Invesco Ltd. increased its holdings in J.B. Hunt Transport Services by 5.1% during the 4th quarter. Invesco Ltd. now owns 2,124,425 shares of the transportation company’s stock worth $362,554,000 after purchasing an additional 104,019 shares during the period. Geode Capital Management LLC raised its position in J.B. Hunt Transport Services by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 1,997,568 shares of the transportation company’s stock valued at $340,049,000 after purchasing an additional 8,968 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in J.B. Hunt Transport Services by 0.7% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,319,637 shares of the transportation company’s stock valued at $225,209,000 after purchasing an additional 8,725 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of J.B. Hunt Transport Services by 428.4% in the 4th quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company’s stock valued at $215,610,000 after buying an additional 1,024,295 shares during the period. Institutional investors and hedge funds 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.