J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Receives $192.11 Consensus PT from Analysts

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Get Free Report) have earned an average recommendation of "Moderate Buy" from the eighteen analysts that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $192.11.

A number of research analysts recently weighed in on JBHT shares. Susquehanna raised shares of J.B. Hunt Transport Services from a "neutral" rating to a "positive" rating and set a $200.00 price target on the stock in a research note on Friday, January 3rd. TD Cowen raised their target price on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a "hold" rating in a research report on Wednesday, October 16th. Raymond James lifted their price target on J.B. Hunt Transport Services from $195.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday. BMO Capital Markets reissued an "outperform" rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Finally, Citigroup lifted their target price on shares of J.B. Hunt Transport Services from $204.00 to $227.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th.

Insider Buying and Selling

In related news, CEO Shelley Simpson sold 6,000 shares of the company's stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $183.47, for a total transaction of $1,100,820.00. Following the completion of the transaction, the chief executive officer now owns 82,264 shares of the company's stock, valued at approximately $15,092,976.08. This represents a 6.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Spencer Frazier sold 2,200 shares of the company's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total value of $427,262.00. Following the sale, the executive vice president now owns 4,050 shares of the company's stock, valued at $786,550.50. This represents a 35.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,459 shares of company stock worth $2,136,277 in the last quarter. Company insiders own 2.10% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Arvest Bank Trust Division purchased a new position in J.B. Hunt Transport Services in the third quarter valued at about $1,578,000. Forsta AP Fonden boosted its stake in J.B. Hunt Transport Services by 28.2% in the third quarter. Forsta AP Fonden now owns 15,900 shares of the transportation company's stock valued at $2,740,000 after acquiring an additional 3,500 shares during the period. State Street Corp increased its holdings in shares of J.B. Hunt Transport Services by 0.6% in the 3rd quarter. State Street Corp now owns 3,289,874 shares of the transportation company's stock worth $566,944,000 after acquiring an additional 19,826 shares during the period. Charles Schwab Investment Management Inc. boosted its position in J.B. Hunt Transport Services by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 553,698 shares of the transportation company's stock worth $95,419,000 after acquiring an additional 12,040 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in J.B. Hunt Transport Services by 2.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 190,689 shares of the transportation company's stock valued at $32,861,000 after buying an additional 3,910 shares during the period. Institutional investors and hedge funds own 74.95% of the company's stock.

J.B. Hunt Transport Services Stock Performance

JBHT traded up $4.94 on Monday, reaching $179.23. The stock had a trading volume of 750,007 shares, compared to its average volume of 629,014. The business's 50-day moving average price is $180.72 and its two-hundred day moving average price is $173.42. The company has a market cap of $18.07 billion, a P/E ratio of 32.59, a price-to-earnings-growth ratio of 2.86 and a beta of 1.16. J.B. Hunt Transport Services has a 12-month low of $153.12 and a 12-month high of $219.51. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26.

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

J.B. Hunt Transport Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a $0.43 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.96%. J.B. Hunt Transport Services's dividend payout ratio is presently 31.27%.

About J.B. Hunt Transport Services

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.