JPMorgan Chase & Co. Cuts J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $150.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target trimmed by JPMorgan Chase & Co. from $167.00 to $150.00 in a report released on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the transportation company’s stock.

Other analysts have also issued research reports about the stock. The Goldman Sachs Group dropped their price objective on shares of J.B. Hunt Transport Services from $188.00 to $166.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Stifel Nicolaus cut their price objective on J.B. Hunt Transport Services from $174.00 to $158.00 and set a “hold” rating for the company in a research report on Monday, April 14th. Wells Fargo & Company decreased their target price on J.B. Hunt Transport Services from $170.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday. Deutsche Bank Aktiengesellschaft began coverage on J.B. Hunt Transport Services in a report on Friday, March 7th. They issued a “hold” rating and a $167.00 price target for the company. Finally, Susquehanna lowered shares of J.B. Hunt Transport Services from a “positive” rating to a “neutral” rating and decreased their price objective for the stock from $200.00 to $165.00 in a report on Wednesday, March 26th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $162.20.

J.B. Hunt Transport Services Price Performance

Shares of JBHT stock opened at $129.23 on Wednesday. The stock’s fifty day simple moving average is $150.62 and its 200 day simple moving average is $168.08. J.B. Hunt Transport Services has a one year low of $122.79 and a one year high of $200.40. The firm has a market cap of $12.92 billion, a price-to-earnings ratio of 23.24, a P/E/G ratio of 1.61 and a beta of 1.27. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94.

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

J.B. Hunt Transport Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $0.44 per share. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a dividend yield of 1.36%. 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 at J.B. Hunt Transport Services

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

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

Several large investors have recently modified their holdings of the business. Wellington Management Group LLP lifted its holdings in shares of J.B. Hunt Transport Services by 428.4% during the 4th quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company’s stock valued at $215,610,000 after purchasing an additional 1,024,295 shares in the last quarter. Norges Bank acquired a new position in shares of J.B. Hunt Transport Services in the fourth quarter valued at approximately $146,618,000. Demars Financial Group LLC increased its position in shares of J.B. Hunt Transport Services by 16,964.6% during the fourth quarter. Demars Financial Group LLC now owns 610,059 shares of the transportation company’s stock worth $104,113,000 after acquiring an additional 606,484 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of J.B. Hunt Transport Services by 111.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 956,504 shares of the transportation company’s stock worth $163,237,000 after acquiring an additional 503,324 shares during the period. Finally, Worldquant Millennium Advisors LLC boosted its stake in J.B. Hunt Transport Services by 2,408.1% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 213,888 shares of the transportation company’s stock worth $36,502,000 after purchasing an additional 205,360 shares during the period. 74.95% of the stock is currently owned by institutional investors.

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.