J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Raised to $200.00 at Raymond James

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price raised by Raymond James from $195.00 to $200.00 in a research report sent to investors on Friday morning,Benzinga reports. Raymond James currently has an outperform rating on the transportation company’s stock.

JBHT has been the subject of a number of other reports. Stephens reissued an “overweight” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. BMO Capital Markets restated an “outperform” rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. TD Cowen raised their price objective on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Bank of America boosted their price objective on J.B. Hunt Transport Services from $188.00 to $196.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, Loop Capital raised their target price on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and a consensus price target of $192.11.

J.B. Hunt Transport Services Stock Down 2.0 %

JBHT stock opened at $174.29 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 0.94. The company has a 50-day moving average of $180.91 and a two-hundred day moving average of $172.93. The stock has a market capitalization of $17.57 billion, a price-to-earnings ratio of 31.69, a price-to-earnings-growth ratio of 2.86 and a beta of 1.16. J.B. Hunt Transport Services has a 52-week low of $153.12 and a 52-week high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $3.04 billion. During the same quarter last year, the firm posted $1.80 EPS. As a group, equities research analysts anticipate that J.B. Hunt Transport Services will post 5.7 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date was Friday, November 8th. J.B. Hunt Transport Services’s dividend payout ratio is currently 31.27%.

Insider Activity

In other news, CEO Shelley Simpson sold 6,000 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $183.47, for a total transaction of $1,100,820.00. Following the completion of the sale, the chief executive officer now owns 82,264 shares in the company, valued at $15,092,976.08. The trade was a 6.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Darren P. Field sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total value of $275,250.00. Following the completion of the transaction, the executive vice president now owns 12,650 shares in the company, valued at approximately $2,321,275. This represents a 10.60 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,459 shares of company stock worth $2,136,277. 2.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Studio Investment Management LLC raised its stake in shares of J.B. Hunt Transport Services by 5.4% during the third quarter. Studio Investment Management LLC now owns 1,068 shares of the transportation company’s stock worth $184,000 after buying an additional 55 shares during the last quarter. iA Global Asset Management Inc. lifted its stake in shares of J.B. Hunt Transport Services by 2.6% in the 3rd quarter. iA Global Asset Management Inc. now owns 2,133 shares of the transportation company’s stock valued at $368,000 after purchasing an additional 55 shares during the period. Empirical Finance LLC boosted its position in shares of J.B. Hunt Transport Services by 2.0% in the 3rd quarter. Empirical Finance LLC now owns 2,855 shares of the transportation company’s stock worth $492,000 after purchasing an additional 56 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of J.B. Hunt Transport Services by 18.3% during the third quarter. Farther Finance Advisors LLC now owns 388 shares of the transportation company’s stock worth $67,000 after purchasing an additional 60 shares during the period. Finally, Huntington National Bank increased its holdings in J.B. Hunt Transport Services by 21.8% in the third quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock valued at $59,000 after purchasing an additional 61 shares during the last quarter. 74.95% of the stock is currently 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.