J.B. Hunt Transport Services (NASDAQ:JBHT) PT Lowered to $185.00 at Benchmark

J.B. Hunt Transport Services (NASDAQ:JBHT - Free Report) had its target price trimmed by Benchmark from $200.00 to $185.00 in a research report sent to investors on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the transportation company's stock.

JBHT has been the subject of a number of other research reports. JPMorgan Chase & Co. cut their price objective on shares of J.B. Hunt Transport Services from $204.00 to $184.00 and set an overweight rating for the company in a report on Tuesday. Barclays dropped their price objective on shares of J.B. Hunt Transport Services from $200.00 to $170.00 and set an equal weight rating on the stock in a research note on Wednesday, April 17th. Susquehanna lowered their target price on shares of J.B. Hunt Transport Services from $195.00 to $185.00 and set a neutral rating on the stock in a report on Wednesday, April 17th. BMO Capital Markets lowered their target price on shares of J.B. Hunt Transport Services from $218.00 to $200.00 and set an outperform rating on the stock in a report on Thursday, April 18th. Finally, Bank of America lowered their target price on shares of J.B. Hunt Transport Services from $215.00 to $199.00 and set a buy rating on the stock in a report on Wednesday, April 17th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $187.94.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT traded up $4.24 during mid-day trading on Wednesday, hitting $159.78. The company's stock had a trading volume of 739,382 shares, compared to its average volume of 832,163. J.B. Hunt Transport Services has a 1 year low of $153.12 and a 1 year high of $219.51. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market cap of $16.49 billion, a price-to-earnings ratio of 25.36, a PEG ratio of 1.78 and a beta of 1.14. The business's fifty day moving average is $160.63 and its two-hundred day moving average is $183.64.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 16th. The transportation company reported $1.22 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.31). J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.25%. The business had revenue of $2.94 billion during the quarter, compared to analysts' expectations of $3.12 billion. Analysts anticipate that J.B. Hunt Transport Services will post 6.53 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Thursday, May 9th. J.B. Hunt Transport Services's payout ratio is currently 27.30%.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, CEO John N. Roberts acquired 6,200 shares of the company's stock in a transaction dated Friday, April 26th. The stock was bought at an average price of $161.06 per share, with a total value of $998,572.00. Following the completion of the transaction, the chief executive officer now directly owns 313,955 shares of the company's stock, valued at $50,565,592.30. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.10% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in JBHT. Royal Bank of Canada boosted its stake in shares of J.B. Hunt Transport Services by 437.9% in the third quarter. Royal Bank of Canada now owns 244,091 shares of the transportation company's stock valued at $46,016,000 after purchasing an additional 198,713 shares during the period. Comerica Bank raised its holdings in shares of J.B. Hunt Transport Services by 284.4% during the third quarter. Comerica Bank now owns 43,321 shares of the transportation company's stock worth $8,167,000 after purchasing an additional 32,052 shares during the period. Banque Pictet & Cie SA raised its holdings in shares of J.B. Hunt Transport Services by 8.3% during the third quarter. Banque Pictet & Cie SA now owns 3,488 shares of the transportation company's stock worth $658,000 after purchasing an additional 267 shares during the period. American Century Companies Inc. raised its holdings in shares of J.B. Hunt Transport Services by 24.7% during the third quarter. American Century Companies Inc. now owns 889,369 shares of the transportation company's stock worth $167,664,000 after purchasing an additional 176,027 shares during the period. Finally, B. Riley Wealth Advisors Inc. raised its holdings in shares of J.B. Hunt Transport Services by 4.7% during the third quarter. B. Riley Wealth Advisors Inc. now owns 2,037 shares of the transportation company's stock worth $384,000 after purchasing an additional 91 shares during the period. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

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.