J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Raised to $212.00 at Barclays

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective upped by Barclays from $195.00 to $212.00 in a research note published on Friday morning, The Fly reports. They currently have an equal weight rating on the transportation company’s stock.

Other analysts have also issued research reports about the company. Zacks Investment Research upgraded J.B. Hunt Transport Services from a hold rating to a buy rating and set a $202.00 price objective for the company in a report on Wednesday, October 20th. Robert W. Baird increased their target price on J.B. Hunt Transport Services from $188.00 to $200.00 and gave the company an outperform rating in a research note on Monday, October 18th. Wells Fargo & Company raised their target price on J.B. Hunt Transport Services from $216.00 to $233.00 and gave the stock an overweight rating in a research report on Monday, January 10th. KeyCorp raised their price target on J.B. Hunt Transport Services from $190.00 to $210.00 and gave the company an overweight rating in a report on Monday, October 18th. Finally, Citigroup raised their price target on J.B. Hunt Transport Services from $205.00 to $230.00 in a report on Wednesday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, J.B. Hunt Transport Services presently has a consensus rating of Hold and an average price target of $194.56.

NASDAQ JBHT opened at $202.07 on Friday. The firm has a market capitalization of $21.22 billion, a P/E ratio of 32.07, a P/E/G ratio of 1.66 and a beta of 1.07. J.B. Hunt Transport Services has a 1-year low of $133.36 and a 1-year high of $208.87. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.38 and a quick ratio of 1.38. The business’s 50-day simple moving average is $198.09 and its 200-day simple moving average is $182.69.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Thursday, October 14th. The transportation company reported $1.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.11. J.B. Hunt Transport Services had a return on equity of 24.36% and a net margin of 5.90%. The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same period in the prior year, the company posted $1.18 EPS. J.B. Hunt Transport Services’s quarterly revenue was up 27.2% on a year-over-year basis. On average, equities research analysts expect that J.B. Hunt Transport Services will post 6.86 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 19th. Shareholders of record on Friday, November 5th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend was Thursday, November 4th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 19.05%.

In related news, EVP Bradley W. Hicks sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 5th. The shares were sold at an average price of $197.10, for a total value of $197,100.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Eric Mcgee sold 250 shares of the firm’s stock in a transaction that occurred on Wednesday, November 3rd. The stock was sold at an average price of $194.41, for a total transaction of $48,602.50. The disclosure for this sale can be found here. Insiders have sold 2,250 shares of company stock valued at $442,143 over the last 90 days. Corporate insiders own 3.30% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jacobi Capital Management LLC bought a new position in shares of J.B. Hunt Transport Services in the third quarter worth approximately $25,000. Cohen & Steers Inc. purchased a new position in J.B. Hunt Transport Services during the third quarter valued at $31,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in J.B. Hunt Transport Services during the third quarter valued at $53,000. Parisi Gray Wealth Management bought a new position in J.B. Hunt Transport Services during the second quarter valued at $65,000. Finally, Newfound Research LLC lifted its position in J.B. Hunt Transport Services by 75.9% during the third quarter. Newfound Research LLC now owns 445 shares of the transportation company’s stock valued at $74,000 after purchasing an additional 192 shares during the last quarter. Institutional investors own 71.59% of the company’s stock.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc engages in the provision of logistics solutions. It operates through the following segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS) and Truckload (JBT). The JBI segment offers intermodal freight operations for rail carriers.

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