J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Lowered to $130.00 at Truist Financial

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective lowered by Truist Financial from $165.00 to $130.00 in a report issued on Thursday morning,Benzinga reports. Truist Financial currently has a hold rating on the transportation company’s stock.

Other equities research analysts have also recently issued reports about the stock. TD Cowen lowered their price objective on shares of J.B. Hunt Transport Services from $160.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday. Susquehanna set a $140.00 price target on shares of J.B. Hunt Transport Services and gave the company a “neutral” rating in a research report on Wednesday. Stephens cut their price objective on 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. Benchmark reiterated a “buy” rating and set a $175.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday. Finally, JPMorgan Chase & Co. dropped their price target on J.B. Hunt Transport Services from $167.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $162.20.

J.B. Hunt Transport Services Trading Up 3.6 %

Shares of JBHT opened at $129.23 on Thursday. J.B. Hunt Transport Services has a twelve month low of $122.79 and a twelve month high of $200.40. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $12.92 billion, a P/E ratio of 23.24, a PEG ratio of 1.61 and a beta of 1.27. The firm’s 50-day moving average is $151.38 and its two-hundred day moving average is $168.35.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.02. The business had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.92 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. On average, research analysts predict 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. Investors of record on Friday, February 7th were given a dividend of $0.44 per share. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. The ex-dividend date was Friday, February 7th. This represents a $1.76 annualized dividend and a yield of 1.36%. J.B. Hunt Transport Services’s dividend payout ratio is 31.94%.

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

In related news, Director James K. Thompson sold 4,400 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total value of $771,628.00. Following the transaction, the director now directly owns 23,559 shares of the company’s stock, valued at approximately $4,131,541.83. This trade represents a 15.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Darren P. Field sold 1,200 shares of J.B. Hunt Transport Services stock in a transaction on 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 owns 17,822 shares in the company, valued at $2,881,282.74. The trade was a 6.31 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.

Institutional Trading of J.B. Hunt Transport Services

A number of institutional investors and hedge funds have recently bought and sold shares of the business. National Pension Service acquired a new stake in shares of J.B. Hunt Transport Services in the fourth quarter worth $30,000. BankPlus Trust Department purchased a new stake in J.B. Hunt Transport Services during the 4th quarter worth $34,000. Versant Capital Management Inc increased its holdings in J.B. Hunt Transport Services by 102.2% in the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 142 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in J.B. Hunt Transport Services by 68.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company’s stock valued at $56,000 after purchasing an additional 134 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in shares of J.B. Hunt Transport Services by 33.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company’s stock worth $58,000 after purchasing an additional 86 shares in the last quarter. Institutional investors and hedge funds 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.