Barclays Increases J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $195.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective lifted by Barclays from $175.00 to $195.00 in a research note released on Wednesday morning,Benzinga reports. Barclays currently has an equal weight rating on the transportation company’s stock.

Other research analysts also recently issued research reports about the company. BMO Capital Markets reiterated an “outperform” rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Citigroup raised their price objective on shares of J.B. Hunt Transport Services from $204.00 to $227.00 and gave the stock a “buy” rating in a report on Tuesday. Stifel Nicolaus upped their target price on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. TD Cowen lifted their price target on shares of J.B. Hunt Transport Services from $160.00 to $182.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Finally, Bank of America raised their price objective on J.B. Hunt Transport Services from $188.00 to $196.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and an average target price of $190.11.

J.B. Hunt Transport Services Trading Down 0.2 %

Shares of JBHT stock traded down $0.36 on Wednesday, hitting $188.84. The stock had a trading volume of 17,360 shares, compared to its average volume of 866,007. The firm has a market capitalization of $19.04 billion, a P/E ratio of 34.40, a P/E/G ratio of 3.29 and a beta of 1.14. J.B. Hunt Transport Services has a 1 year low of $153.12 and a 1 year high of $219.51. 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’s 50 day moving average price is $175.00 and its 200-day moving average price is $167.98.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.07. The company had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.04 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. During the same quarter in the previous year, the firm earned $1.80 earnings per share. Analysts anticipate that J.B. Hunt Transport Services will post 5.7 earnings per share 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. Investors of record on Friday, November 8th will be issued a $0.43 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.72 dividend on an annualized basis and a yield of 0.91%. J.B. Hunt Transport Services’s payout ratio is 31.27%.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 3,000 shares of J.B. Hunt Transport Services stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $175.03, for a total value of $525,090.00. Following the transaction, the executive vice president now owns 14,150 shares in the company, valued at approximately $2,476,674.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Kevin Bracy sold 1,614 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $189.87, for a total value of $306,450.18. Following the completion of the sale, the senior vice president now directly owns 8,235 shares in the company, valued at approximately $1,563,579.45. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Darren P. Field sold 3,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was 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 directly owns 14,150 shares of the company’s stock, valued at $2,476,674.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,314 shares of company stock worth $1,534,052 in the last ninety days. Insiders own 2.10% of the company’s stock.

Institutional Trading of J.B. Hunt Transport Services

Several large investors have recently bought and sold shares of the company. Studio Investment Management LLC increased its stake in J.B. Hunt Transport Services by 5.4% during the 3rd 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 period. Empirical Finance LLC increased its stake in shares of J.B. Hunt Transport Services by 2.0% in the third quarter. Empirical Finance LLC now owns 2,855 shares of the transportation company’s stock valued at $492,000 after purchasing an additional 56 shares during the period. Farther Finance Advisors LLC grew its holdings in J.B. Hunt Transport Services by 18.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 388 shares of the transportation company’s stock worth $67,000 after buying an additional 60 shares in the last quarter. Huntington National Bank raised its stake in J.B. Hunt Transport Services by 21.8% during the 3rd quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock valued at $59,000 after acquiring an additional 61 shares in the last quarter. Finally, Greenleaf Trust boosted its position in J.B. Hunt Transport Services by 4.0% during the 3rd quarter. Greenleaf Trust now owns 1,599 shares of the transportation company’s stock worth $276,000 after acquiring an additional 62 shares during the period. 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.