Truist Financial Cuts J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $130.00

J.B. Hunt Transport Services (NASDAQ:JBHT - Free Report) had its target price cut by Truist Financial from $165.00 to $130.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a hold rating on the transportation company's stock.

JBHT has been the topic of a number of other reports. Benchmark reaffirmed a "buy" rating and issued a $175.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 16th. Raymond James lowered their price objective on J.B. Hunt Transport Services from $190.00 to $165.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Citigroup lowered their price target on J.B. Hunt Transport Services from $193.00 to $164.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Sanford C. Bernstein set a $148.00 target price on shares of J.B. Hunt Transport Services and gave the stock a "market perform" rating in a research note on Wednesday, April 16th. Finally, The Goldman Sachs Group cut their price target on shares of J.B. Hunt Transport Services from $188.00 to $166.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, J.B. Hunt Transport Services has an average rating of "Moderate Buy" and a consensus target price of $162.20.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ JBHT traded up $0.43 during mid-day trading on Thursday, hitting $127.55. 537,320 shares of the stock traded hands, compared to its average volume of 938,616. J.B. Hunt Transport Services has a twelve month low of $122.79 and a twelve month high of $200.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. The company has a market cap of $12.76 billion, a PE ratio of 22.94, a price-to-earnings-growth ratio of 1.61 and a beta of 1.27. The firm has a 50 day simple moving average of $149.87 and a two-hundred day simple moving average of $167.82.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share for the quarter, topping analysts' consensus estimates of $1.15 by $0.02. The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.92 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. As a group, equities research analysts forecast that J.B. Hunt Transport Services will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.38%. This is a boost from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, February 7th. J.B. Hunt Transport Services's payout ratio is presently 31.94%.

Insiders Place Their Bets

In related news, EVP Darren P. Field sold 1,200 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 17,822 shares in the company, valued at approximately $2,881,282.74. This represents a 6.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.30% of the company's stock.

Institutional Trading of J.B. Hunt Transport Services

Several institutional investors and hedge funds have recently made changes to their positions in JBHT. State of Alaska Department of Revenue increased its stake in J.B. Hunt Transport Services by 2.5% in the first quarter. State of Alaska Department of Revenue now owns 9,308 shares of the transportation company's stock valued at $1,377,000 after acquiring an additional 225 shares during the last quarter. Financial Partners Group LLC raised its stake in shares of J.B. Hunt Transport Services by 1.7% during the first quarter. Financial Partners Group LLC now owns 9,225 shares of the transportation company's stock worth $1,365,000 after acquiring an additional 158 shares in the last quarter. Blackston Financial Advisory Group LLC lifted its holdings in shares of J.B. Hunt Transport Services by 16.5% in the 1st quarter. Blackston Financial Advisory Group LLC now owns 2,118 shares of the transportation company's stock worth $313,000 after acquiring an additional 300 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of J.B. Hunt Transport Services by 13.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 731 shares of the transportation company's stock valued at $108,000 after purchasing an additional 85 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in J.B. Hunt Transport Services by 8.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,596 shares of the transportation company's stock worth $976,000 after purchasing an additional 494 shares during the period. Hedge funds and other institutional investors own 74.95% of the company's stock.

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.