J.B. Hunt Transport Services (NASDAQ:JBHT) Sets New 52-Week Low on Analyst Downgrade

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Tuesday after Bank of America lowered their price target on the stock from $189.00 to $170.00. Bank of America currently has a buy rating on the stock. J.B. Hunt Transport Services traded as low as $146.69 and last traded at $146.69, with a volume of 268442 shares. The stock had previously closed at $149.46.

Several other equities analysts also recently commented on the company. Benchmark reaffirmed a "buy" rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. Truist Financial initiated coverage on J.B. Hunt Transport Services in a research report on Thursday, March 13th. They issued a "hold" rating and a $165.00 target price on the stock. Stifel Nicolaus reduced their price target on 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. Evercore ISI reduced their price target on J.B. Hunt Transport Services from $207.00 to $202.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. Finally, UBS Group reduced their price target on J.B. Hunt Transport Services from $211.00 to $196.00 and set a "buy" rating on the stock in a research report on Friday, January 17th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of "Moderate Buy" and a consensus target price of $186.80.

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Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,200 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were 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 in the company, valued at $2,881,282.74. This trade represents a 6.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James K. Thompson sold 4,400 shares of the company's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total transaction of $771,628.00. Following the completion of the sale, the director now directly owns 23,559 shares of the company's stock, valued at $4,131,541.83. This trade represents a 15.74 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.10% of the company's stock.

Institutional Investors Weigh In On J.B. Hunt Transport Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. True Wealth Design LLC raised its holdings in J.B. Hunt Transport Services by 2,028.6% in the 3rd quarter. True Wealth Design LLC now owns 149 shares of the transportation company's stock worth $26,000 after purchasing an additional 142 shares in the last quarter. National Pension Service bought a new position in shares of J.B. Hunt Transport Services in the 4th quarter worth about $30,000. BankPlus Trust Department bought a new position in shares of J.B. Hunt Transport Services in the 4th quarter worth about $34,000. Versant Capital Management Inc increased its stake in shares of J.B. Hunt Transport Services by 102.2% in the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company's stock worth $48,000 after acquiring an additional 142 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of J.B. Hunt Transport Services by 68.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company's stock worth $56,000 after acquiring an additional 134 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Stock Performance

The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The company's 50 day moving average is $165.39 and its 200-day moving average is $172.81. The company has a market capitalization of $14.86 billion, a P/E ratio of 26.72, a price-to-earnings-growth ratio of 1.61 and a beta of 1.16.

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

J.B. Hunt Transport Services Increases Dividend

The firm 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 of this dividend was Friday, February 7th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.18%. J.B. Hunt Transport Services's payout ratio is presently 31.65%.

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.