UBS Group Lowers J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $155.00

J.B. Hunt Transport Services (NASDAQ:JBHT - Free Report) had its price objective decreased by UBS Group from $196.00 to $155.00 in a report released on Wednesday morning,Benzinga reports. UBS Group currently has a buy rating on the transportation company's stock.

Several other brokerages also recently weighed in on JBHT. The Goldman Sachs Group reduced their price objective on shares of J.B. Hunt Transport Services from $188.00 to $166.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Stifel Nicolaus reduced their price target on shares of J.B. Hunt Transport Services from $174.00 to $158.00 and set a "hold" rating for the company in a research report on Monday. Benchmark reaffirmed a "buy" rating and set a $175.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday. Stephens reduced their target price on J.B. Hunt Transport Services from $170.00 to $165.00 and set an "overweight" rating for the company in a report on Wednesday. Finally, Truist Financial assumed coverage on J.B. Hunt Transport Services in a research note on Thursday, March 13th. They set a "hold" rating and a $165.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $162.20.

J.B. Hunt Transport Services Stock Up 3.6 %

Shares of JBHT stock traded up $4.50 on Wednesday, reaching $129.23. 1,950,062 shares of the stock were exchanged, compared to its average volume of 939,167. 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 current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $12.92 billion, a price-to-earnings ratio of 23.24, a PEG ratio of 1.61 and a beta of 1.27. The business's 50 day moving average price is $150.62 and its 200 day moving average price is $168.08.

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 EPS for the quarter, beating 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, sell-side analysts expect that J.B. Hunt Transport Services will post 6.37 earnings per share 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. Shareholders of record on Friday, February 7th were given a dividend of $0.44 per share. This is a boost from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. The ex-dividend date was Friday, February 7th. This represents a $1.76 annualized dividend and a yield of 1.36%. J.B. Hunt Transport Services's payout ratio is presently 31.94%.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 1,200 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $161.67, for a total value of $194,004.00. Following the completion of the sale, the executive vice president now 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James K. Thompson sold 4,400 shares of the company's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total transaction of $771,628.00. Following the transaction, the director now owns 23,559 shares in the company, valued at $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. Company insiders own 2.30% of the company's stock.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Morse Asset Management Inc acquired a new stake in shares of J.B. Hunt Transport Services in the 3rd quarter valued at about $86,000. MML Investors Services LLC raised its stake in J.B. Hunt Transport Services by 4.4% during the third quarter. MML Investors Services LLC now owns 4,667 shares of the transportation company's stock valued at $804,000 after buying an additional 195 shares in the last quarter. Barclays PLC lifted its holdings in J.B. Hunt Transport Services by 37.5% during the 3rd quarter. Barclays PLC now owns 236,177 shares of the transportation company's stock worth $40,698,000 after buying an additional 64,380 shares during the last quarter. M&T Bank Corp increased its holdings in shares of J.B. Hunt Transport Services by 7.8% in the 3rd quarter. M&T Bank Corp now owns 3,586 shares of the transportation company's stock valued at $618,000 after acquiring an additional 261 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its position in shares of J.B. Hunt Transport Services by 42.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 6,047 shares of the transportation company's stock valued at $1,103,000 after acquiring an additional 1,789 shares in the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.

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.