Stifel Nicolaus Lowers J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $151.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective decreased by Stifel Nicolaus from $173.00 to $151.00 in a research report report published on Tuesday morning, Benzinga reports. Stifel Nicolaus currently has a hold rating on the transportation company’s stock.

Other research analysts have also issued reports about the stock. Wells Fargo & Company started coverage on shares of J.B. Hunt Transport Services in a research note on Friday, June 7th. They issued an overweight rating and a $185.00 target price on the stock. Bank of America cut their price target on shares of J.B. Hunt Transport Services from $215.00 to $199.00 and set a buy rating for the company in a report on Wednesday, April 17th. JPMorgan Chase & Co. cut their price target 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, July 9th. TD Cowen cut their price target on shares of J.B. Hunt Transport Services from $181.00 to $161.00 and set a hold rating for the company in a report on Wednesday, July 17th. Finally, Evercore ISI cut their price target on shares of J.B. Hunt Transport Services from $191.00 to $185.00 and set an outperform rating for the company in a report on Wednesday, July 17th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $181.88.

J.B. Hunt Transport Services Trading Up 0.4 %

JBHT opened at $171.54 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.21 and a quick ratio of 1.26. The company’s 50 day simple moving average is $160.38 and its two-hundred day simple moving average is $181.20. J.B. Hunt Transport Services has a 1-year low of $153.12 and a 1-year high of $219.51. The firm has a market capitalization of $17.70 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 2.70 and a beta of 1.14.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Tuesday, July 16th. The transportation company reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.19). J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same period last year, the business earned $1.81 earnings per share. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year. Analysts expect that J.B. Hunt Transport Services will post 5.8 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Friday, August 2nd will be paid a $0.43 dividend. The ex-dividend date of this dividend is Friday, August 2nd. This represents a $1.72 annualized dividend and a dividend yield of 1.00%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 27.30%.

Insider Transactions at J.B. Hunt Transport Services

In related news, Director Persio V. Lisboa purchased 600 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, July 19th. The stock was purchased at an average cost of $163.47 per share, with a total value of $98,082.00. Following the completion of the transaction, the director now directly owns 3,594 shares in the company, valued at $587,511.18. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.10% of the company’s stock.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Trillium Asset Management LLC lifted its position in J.B. Hunt Transport Services by 19.3% in the fourth quarter. Trillium Asset Management LLC now owns 174,450 shares of the transportation company’s stock valued at $34,844,000 after acquiring an additional 28,202 shares during the last quarter. Vanguard Group Inc. lifted its position in J.B. Hunt Transport Services by 0.3% in the first quarter. Vanguard Group Inc. now owns 9,769,777 shares of the transportation company’s stock valued at $1,946,628,000 after acquiring an additional 25,109 shares during the last quarter. Empirical Capital Management LLC purchased a new stake in J.B. Hunt Transport Services in the fourth quarter valued at $8,089,000. Jennison Associates LLC increased its stake in J.B. Hunt Transport Services by 11.2% in the first quarter. Jennison Associates LLC now owns 197,809 shares of the transportation company’s stock valued at $39,413,000 after purchasing an additional 19,987 shares during the period. Finally, Virtu Financial LLC acquired a new position in J.B. Hunt Transport Services in the fourth quarter valued at $1,795,000. 74.95% of the stock is owned by hedge funds and other institutional investors.

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.