J.B. Hunt Transport Services (NASDAQ:JBHT) Given New $140.00 Price Target at TD Cowen

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price trimmed by TD Cowen from $160.00 to $140.00 in a research note published on Wednesday morning, Marketbeat reports. The firm currently has a hold rating on the transportation company’s stock.

Several other brokerages have also commented on JBHT. Citigroup dropped their price target on shares of J.B. Hunt Transport Services from $193.00 to $164.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company cut their target price on J.B. Hunt Transport Services from $190.00 to $170.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Evercore ISI decreased their price target on J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Barclays cut their price objective on J.B. Hunt Transport Services from $180.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 2nd. Finally, Stephens reiterated an “overweight” rating and set a $205.00 price target on shares of J.B. Hunt Transport Services in a report on Friday, January 17th. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and an average price target of $165.90.

J.B. Hunt Transport Services Trading Down 7.7 %

Shares of NASDAQ:JBHT opened at $124.73 on Wednesday. J.B. Hunt Transport Services has a 12-month low of $122.79 and a 12-month high of $200.40. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $12.47 billion, a P/E ratio of 22.43, a price-to-earnings-growth ratio of 1.61 and a beta of 1.27. The firm has a fifty day moving average of $152.14 and a two-hundred day moving average of $168.65.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.02. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.92 billion. On average, equities analysts expect that J.B. Hunt Transport Services will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.41%. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, February 7th. J.B. Hunt Transport Services’s payout ratio is presently 31.94%.

Insider Activity

In other J.B. Hunt Transport Services news, Director James K. Thompson sold 4,400 shares of J.B. Hunt Transport Services stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total transaction of $771,628.00. Following the completion of the sale, the director now owns 23,559 shares of the company’s stock, valued at approximately $4,131,541.83. The trade was a 15.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Darren P. Field sold 1,200 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $161.67, for a total value of $194,004.00. Following the completion of the transaction, the executive vice president now directly owns 17,822 shares in the company, valued at approximately $2,881,282.74. This trade represents a 6.31 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

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

Hedge funds have recently bought and sold shares of the company. National Pension Service acquired a new stake in J.B. Hunt Transport Services during the 4th quarter worth $30,000. BankPlus Trust Department acquired a new stake in shares of J.B. Hunt Transport Services during the fourth quarter worth about $34,000. Versant Capital Management Inc grew its position in shares of J.B. Hunt Transport Services by 102.2% in the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 142 shares during the period. EverSource Wealth Advisors LLC raised its holdings in J.B. Hunt Transport Services by 68.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company’s stock worth $56,000 after buying an additional 134 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of J.B. Hunt Transport Services by 33.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company’s stock valued at $58,000 after buying an additional 86 shares during the period. 74.95% of the stock is currently owned by institutional investors and hedge funds.

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.