Analysts Set J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Target Price at $190.11

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eighteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $190.11.

JBHT has been the subject of several recent analyst reports. Susquehanna boosted their price target on shares of J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a "neutral" rating in a report on Wednesday, October 16th. TD Cowen boosted their target price on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the stock a "hold" rating in a report on Wednesday, October 16th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Bank of America boosted their price target on shares of J.B. Hunt Transport Services from $188.00 to $196.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Finally, Stifel Nicolaus increased their price target on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the company a "hold" rating in a research note on Wednesday, October 16th.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ JBHT traded up $0.83 during midday trading on Friday, reaching $182.40. The company had a trading volume of 687,026 shares, compared to its average volume of 990,002. J.B. Hunt Transport Services has a 1 year low of $153.12 and a 1 year high of $219.51. The business's 50-day simple moving average is $176.81 and its 200 day simple moving average is $168.85. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26. The stock has a market cap of $18.39 billion, a P/E ratio of 33.16, a P/E/G ratio of 2.89 and a beta of 1.14.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.07. The business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.04 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. During the same period in the prior year, the company posted $1.80 EPS. On average, analysts forecast that J.B. Hunt Transport Services will post 5.7 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a dividend of $0.43 per share. The ex-dividend date was Friday, November 8th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.94%. J.B. Hunt Transport Services's payout ratio is currently 31.27%.

Insider Transactions at J.B. Hunt Transport Services

In other news, SVP Kevin Bracy sold 1,614 shares of the business's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $189.87, for a total value of $306,450.18. Following the completion of the sale, the senior vice president now directly owns 8,235 shares of the company's stock, valued at approximately $1,563,579.45. The trade was a 16.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Darren P. Field sold 1,500 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total value of $275,250.00. Following the completion of the sale, the executive vice president now directly owns 12,650 shares of the company's stock, valued at $2,321,275. The trade was a 10.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,314 shares of company stock valued at $1,008,962. 2.10% of the stock is currently owned by corporate insiders.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bessemer Group Inc. grew its holdings in J.B. Hunt Transport Services by 4.4% during the first quarter. Bessemer Group Inc. now owns 2,772 shares of the transportation company's stock worth $553,000 after acquiring an additional 118 shares during the period. Natixis increased its holdings in shares of J.B. Hunt Transport Services by 620.5% in the 1st quarter. Natixis now owns 807 shares of the transportation company's stock valued at $161,000 after purchasing an additional 695 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of J.B. Hunt Transport Services by 11.8% in the first quarter. Advisors Asset Management Inc. now owns 1,454 shares of the transportation company's stock valued at $290,000 after purchasing an additional 153 shares during the period. Toronto Dominion Bank grew its position in J.B. Hunt Transport Services by 2.0% during the first quarter. Toronto Dominion Bank now owns 46,215 shares of the transportation company's stock worth $9,208,000 after buying an additional 926 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in J.B. Hunt Transport Services in the 1st quarter valued at approximately $1,751,000. 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.