Bank of America Lowers J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $170.00

J.B. Hunt Transport Services (NASDAQ:JBHT - Free Report) had its price objective decreased by Bank of America from $189.00 to $170.00 in a report published on Monday,Benzinga reports. Bank of America currently has a buy rating on the transportation company's stock.

A number of other equities research analysts also recently weighed in on the stock. Truist Financial started coverage on shares of J.B. Hunt Transport Services in a research note on Thursday, March 13th. They set a "hold" rating and a $165.00 price target for the company. UBS Group dropped their target price on shares of J.B. Hunt Transport Services from $211.00 to $196.00 and set a "buy" rating for the company in a research report on Friday, January 17th. Stephens reissued an "overweight" rating and issued a $205.00 price target on shares of J.B. Hunt Transport Services in a research note on Friday, January 17th. Susquehanna raised J.B. Hunt Transport Services from a "neutral" rating to a "positive" rating and set a $200.00 price objective for the company in a research note on Friday, January 3rd. Finally, Stifel Nicolaus cut their target price on J.B. Hunt Transport Services from $167.00 to $161.00 and set a "hold" rating on the stock in a research note on Wednesday, January 15th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $186.80.

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J.B. Hunt Transport Services Trading Up 0.7 %

NASDAQ:JBHT traded up $1.06 during trading hours on Monday, hitting $148.55. 1,121,563 shares of the stock were exchanged, compared to its average volume of 874,075. The company's 50 day moving average is $165.91 and its two-hundred day moving average is $172.98. The company has a market capitalization of $14.86 billion, a P/E ratio of 26.72, a price-to-earnings-growth ratio of 1.61 and a beta of 1.16. J.B. Hunt Transport Services has a twelve month low of $144.42 and a twelve month 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.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.09). The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. J.B. Hunt Transport Services's revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.47 EPS. On average, sell-side analysts anticipate 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $0.44 dividend. The ex-dividend date of this dividend was Friday, February 7th. This is an increase 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 1.18%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is 31.65%.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, 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 sale, the executive vice president now directly owns 17,822 shares in the company, valued at approximately $2,881,282.74. The trade was a 6.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by insiders.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. True Wealth Design LLC increased its holdings in J.B. Hunt Transport Services by 2,028.6% during the third quarter. True Wealth Design LLC now owns 149 shares of the transportation company's stock worth $26,000 after buying an additional 142 shares during the last quarter. National Pension Service bought a new position in shares of J.B. Hunt Transport Services in the 4th quarter valued at about $30,000. BankPlus Trust Department bought a new position in shares of J.B. Hunt Transport Services in the 4th quarter valued at about $34,000. Versant Capital Management Inc raised its holdings in shares of 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 during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of J.B. Hunt Transport Services by 68.7% in the 4th 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. Institutional investors 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.