J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Raised to $227.00

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

A number of other equities analysts also recently issued reports on JBHT. Loop Capital increased their price objective on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Bank of America increased their price target on shares of J.B. Hunt Transport Services from $188.00 to $196.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Barclays boosted their price objective on shares of J.B. Hunt Transport Services from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group decreased their target price on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Finally, Susquehanna lifted their target price on shares of J.B. Hunt Transport Services from $160.00 to $165.00 and gave the company a “neutral” rating 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $190.11.

J.B. Hunt Transport Services Stock Down 1.2 %

Shares of J.B. Hunt Transport Services stock opened at $182.35 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. J.B. Hunt Transport Services has a 52-week low of $153.12 and a 52-week high of $219.51. The company’s 50 day moving average price is $175.60 and its 200-day moving average price is $168.23. The stock has a market capitalization of $18.39 billion, a price-to-earnings ratio of 33.15, a P/E/G ratio of 3.23 and a beta of 1.14.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, topping 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 period last year, the company earned $1.80 EPS. Equities research analysts forecast 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 declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.72 annualized dividend and a dividend yield of 0.94%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 31.27%.

Insider Buying and Selling at J.B. Hunt Transport Services

In other news, SVP Kevin Bracy sold 1,614 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $189.87, for a total transaction of $306,450.18. Following the sale, the senior vice president now owns 8,235 shares of the company’s stock, valued at approximately $1,563,579.45. The trade was a 16.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Darren P. Field sold 3,000 shares of J.B. Hunt Transport Services stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total value of $525,090.00. Following the completion of the sale, the executive vice president now owns 14,150 shares in the company, valued at $2,476,674.50. This represents a 17.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,314 shares of company stock valued at $1,534,052 over the last quarter. 2.10% of the stock is currently owned by insiders.

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

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

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.