J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Raised to $165.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price lifted by Morgan Stanley from $150.00 to $165.00 in a research report report published on Monday morning,Benzinga reports. The brokerage currently has an equal weight rating on the transportation company’s stock.

Other equities research analysts have also issued research reports about the stock. Susquehanna boosted their price objective on shares of J.B. Hunt Transport Services from $145.00 to $160.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 21st. Truist Financial lifted their target price on shares of J.B. Hunt Transport Services from $145.00 to $155.00 and gave the company a “hold” rating in a report on Thursday, October 16th. Bank of America upped their price target on J.B. Hunt Transport Services from $153.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Stephens reiterated an “overweight” rating and set a $180.00 price objective on shares of J.B. Hunt Transport Services in a research note on Thursday, October 16th. Finally, Evercore ISI boosted their target price on J.B. Hunt Transport Services from $155.00 to $168.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $167.05.

J.B. Hunt Transport Services Price Performance

Shares of JBHT stock opened at $198.13 on Monday. The business’s fifty day moving average is $165.32 and its 200 day moving average is $150.75. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.25. The stock has a market cap of $18.87 billion, a price-to-earnings ratio of 34.34, a PEG ratio of 2.56 and a beta of 1.28. J.B. Hunt Transport Services has a twelve month low of $122.79 and a twelve month high of $199.46.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Wednesday, October 15th. The transportation company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.46 by $0.30. The business had revenue of $3.05 billion during the quarter, compared to analyst estimates of $3.02 billion. J.B. Hunt Transport Services had a return on equity of 15.16% and a net margin of 4.75%.The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the firm posted $1.49 earnings per share. Research analysts expect that J.B. Hunt Transport Services will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services announced that its board has approved a stock repurchase plan on Wednesday, October 22nd that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the transportation company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is undervalued.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, November 7th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, November 7th. J.B. Hunt Transport Services’s dividend payout ratio is presently 30.50%.

Insiders Place Their Bets

In other news, EVP David Keefauver sold 1,588 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $189.29, for a total value of $300,592.52. Following the completion of the sale, the executive vice president directly owned 550 shares in the company, valued at $104,109.50. The trade was a 74.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Albert Brad Delco sold 1,000 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $179.54, for a total transaction of $179,540.00. Following the transaction, the chief financial officer owned 7,043 shares in the company, valued at approximately $1,264,500.22. This trade represents a 12.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 15,109 shares of company stock worth $2,688,970 in the last quarter. Insiders own 2.30% of the company’s stock.

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

A number of hedge funds have recently added to or reduced their stakes in JBHT. Stephens Inc. AR boosted its holdings in shares of J.B. Hunt Transport Services by 2.8% during the 2nd quarter. Stephens Inc. AR now owns 113,935 shares of the transportation company’s stock valued at $16,390,000 after purchasing an additional 3,121 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of J.B. Hunt Transport Services by 222.1% in the second quarter. Assenagon Asset Management S.A. now owns 21,914 shares of the transportation company’s stock worth $3,147,000 after buying an additional 15,111 shares in the last quarter. HB Wealth Management LLC bought a new position in J.B. Hunt Transport Services during the second quarter valued at approximately $244,000. Cambiar Investors LLC grew its holdings in J.B. Hunt Transport Services by 6.3% during the 2nd quarter. Cambiar Investors LLC now owns 54,060 shares of the transportation company’s stock valued at $7,763,000 after buying an additional 3,210 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in J.B. Hunt Transport Services by 34.3% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 482 shares of the transportation company’s stock worth $71,000 after acquiring an additional 123 shares during the last quarter. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

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.