Citigroup Issues Pessimistic Forecast for J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Price

J.B. Hunt Transport Services (NASDAQ:JBHT - Free Report) had its target price reduced by Citigroup from $193.00 to $164.00 in a report released on Tuesday morning,Benzinga reports. They currently have a buy rating on the transportation company's stock.

A number of other research analysts have also commented on the company. Barclays decreased their price objective on J.B. Hunt Transport Services from $180.00 to $165.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 2nd. UBS Group lowered their price objective on 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. Stifel Nicolaus cut their target price on shares of J.B. Hunt Transport Services from $167.00 to $161.00 and set a "hold" rating on the stock in a research report on Wednesday, January 15th. Susquehanna cut shares of J.B. Hunt Transport Services from a "positive" rating to a "neutral" rating and lowered their price target for the stock from $200.00 to $165.00 in a research report on Wednesday, March 26th. Finally, Truist Financial assumed coverage on shares of J.B. Hunt Transport Services in a report on Thursday, March 13th. They issued a "hold" rating and a $165.00 price objective on the stock. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $177.70.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ:JBHT traded down $1.46 during midday trading on Tuesday, reaching $132.88. The company's stock had a trading volume of 1,976,773 shares, compared to its average volume of 938,905. The business's fifty day simple moving average is $154.30 and its 200-day simple moving average is $169.45. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. J.B. Hunt Transport Services has a fifty-two week low of $127.05 and a fifty-two week high of $200.40. The company has a market capitalization of $13.29 billion, a P/E ratio of 23.90, a P/E/G ratio of 1.61 and a beta of 1.27.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.09). J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the previous year, the business posted $1.47 EPS. The company's revenue was down 4.5% compared to the same quarter last year. As a group, equities research analysts expect that J.B. Hunt Transport Services will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $0.44 per share. This is an increase 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 dividend yield of 1.32%. J.B. Hunt Transport Services's dividend payout ratio is currently 31.65%.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, Director James K. Thompson sold 4,400 shares of the business's stock in a transaction that occurred 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 sale, the director now owns 23,559 shares in the company, valued at approximately $4,131,541.83. The trade was a 15.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Darren P. Field sold 1,200 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $161.67, for a total transaction of $194,004.00. Following the transaction, the executive vice president now directly owns 17,822 shares of the company's stock, valued at $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. 2.30% of the stock is currently owned by insiders.

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

A number of large investors have recently modified their holdings of JBHT. Arvest Bank Trust Division bought a new stake in J.B. Hunt Transport Services during the third quarter worth about $1,578,000. Smartleaf Asset Management LLC increased its position in shares of J.B. Hunt Transport Services by 33.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock worth $58,000 after purchasing an additional 86 shares during the last quarter. Abound Wealth Management raised its stake in shares of J.B. Hunt Transport Services by 145,850.0% during the 4th quarter. Abound Wealth Management now owns 2,919 shares of the transportation company's stock worth $498,000 after purchasing an additional 2,917 shares in the last quarter. Keybank National Association OH acquired a new stake in shares of J.B. Hunt Transport Services in the 4th quarter valued at approximately $255,000. Finally, LPL Financial LLC grew its stake in shares of J.B. Hunt Transport Services by 56.7% in the fourth quarter. LPL Financial LLC now owns 69,200 shares of the transportation company's stock valued at $11,810,000 after buying an additional 25,034 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

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.