J.B. Hunt Transport Services (NASDAQ:JBHT) Reaches New 1-Year Low on Analyst Downgrade

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Get Free Report) shares hit a new 52-week low during trading on Wednesday after Truist Financial lowered their price target on the stock from $165.00 to $130.00. Truist Financial currently has a hold rating on the stock. J.B. Hunt Transport Services traded as low as $126.81 and last traded at $127.90, with a volume of 152336 shares trading hands. The stock had previously closed at $135.11.

A number of other analysts also recently commented on the company. Stifel Nicolaus set a $150.00 price objective on J.B. Hunt Transport Services in a research report on Wednesday. JPMorgan Chase & Co. decreased their price target on shares of J.B. Hunt Transport Services from $167.00 to $150.00 and set an "overweight" rating on the stock in a research note on Wednesday. Raymond James lowered their target price on shares of J.B. Hunt Transport Services from $190.00 to $165.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Stephens decreased their price objective on J.B. Hunt Transport Services from $170.00 to $165.00 and set an "overweight" rating on the stock in a report on Wednesday. Finally, Bank of America cut their price target on shares of J.B. Hunt Transport Services from $189.00 to $170.00 and set a "buy" rating for the company in a report on Monday, March 17th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $162.20.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,200 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $161.67, for a total transaction of $194,004.00. Following the completion of the transaction, the executive vice president now owns 17,822 shares in the company, valued at approximately $2,881,282.74. This represents a 6.31 % decrease in their position. The transaction was disclosed in a document filed 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 value 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. The trade was a 15.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company's stock.

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

A number of large investors have recently bought and sold shares of JBHT. Janus Henderson Group PLC boosted its holdings in J.B. Hunt Transport Services by 0.5% during the fourth quarter. Janus Henderson Group PLC now owns 3,390,200 shares of the transportation company's stock worth $578,572,000 after purchasing an additional 15,476 shares during the last quarter. Invesco Ltd. raised its holdings in J.B. Hunt Transport Services by 5.1% during the fourth quarter. Invesco Ltd. now owns 2,124,425 shares of the transportation company's stock worth $362,554,000 after acquiring an additional 104,019 shares in the last quarter. Geode Capital Management LLC grew its stake in J.B. Hunt Transport Services by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 1,997,568 shares of the transportation company's stock valued at $340,049,000 after purchasing an additional 8,968 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of J.B. Hunt Transport Services by 0.7% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,319,637 shares of the transportation company's stock worth $225,209,000 after purchasing an additional 8,725 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of J.B. Hunt Transport Services by 428.4% in the 4th quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company's stock valued at $215,610,000 after buying an additional 1,024,295 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company's stock.

J.B. Hunt Transport Services Stock Up 3.6 %

The firm has a market capitalization of $12.92 billion, a P/E ratio of 23.24, a PEG ratio of 1.61 and a beta of 1.27. The firm's 50 day moving average is $150.62 and its two-hundred day moving average is $168.08. 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 (NASDAQ:JBHT - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.02. The company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.92 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. Research analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Friday, February 7th. This is a boost from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. J.B. Hunt Transport Services's dividend payout ratio is 31.94%.

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.