J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Price Expected to Rise, Citigroup Analyst Says

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price increased by Citigroup from $204.00 to $227.00 in a report published on Tuesday,Benzinga reports. Citigroup currently has a buy rating on the transportation company’s stock.

A number of other equities analysts have also weighed in on JBHT. Barclays lifted their price objective on shares of J.B. Hunt Transport Services from $160.00 to $175.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group dropped their price target on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Susquehanna raised their price objective on shares of J.B. Hunt Transport Services from $160.00 to $165.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Benchmark reiterated a “buy” rating and set a $185.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Finally, Stephens reissued an “overweight” rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.11.

J.B. Hunt Transport Services Trading Down 1.2 %

JBHT opened at $182.35 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. J.B. Hunt Transport Services has a 52 week low of $153.12 and a 52 week high of $219.51. The business’s 50 day moving average is $175.60 and its two-hundred day moving average is $168.23. The firm has a market cap of $18.39 billion, a price-to-earnings ratio of 33.15, a price-to-earnings-growth ratio of 3.23 and a beta of 1.14.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.42 by $0.07. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The firm had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same period in the prior year, the business earned $1.80 EPS. On average, research analysts predict that J.B. Hunt Transport Services will post 5.7 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Friday, November 8th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 31.27%.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,500 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total value of $275,250.00. Following the sale, the executive vice president now owns 12,650 shares of the company’s stock, valued at $2,321,275. The trade was a 10.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Spencer Frazier sold 2,200 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total value of $427,262.00. Following the transaction, the executive vice president now owns 4,050 shares of the company’s stock, valued at $786,550.50. This trade represents a 35.20 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,314 shares of company stock valued at $1,534,052. 2.10% of the stock is currently owned by corporate insiders.

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

Several institutional investors have recently modified their holdings of JBHT. True Wealth Design LLC grew its position in shares of J.B. Hunt Transport Services by 2,028.6% during the 3rd quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock worth $26,000 after buying an additional 142 shares during the period. Catalyst Capital Advisors LLC bought a new stake in J.B. Hunt Transport Services in the 3rd quarter valued at $26,000. Versant Capital Management Inc boosted its position in shares of J.B. Hunt Transport Services by 382.1% during the second quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock worth $30,000 after buying an additional 149 shares during the period. Innealta Capital LLC acquired a new position in J.B. Hunt Transport Services during the 2nd quarter worth approximately $31,000. Finally, nVerses Capital LLC bought a new position in J.B. Hunt Transport Services in the second quarter valued at $32,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

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.