Analysts Set J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Price Target at $286.30

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) has been given a consensus recommendation of “Moderate Buy” by the twenty-six ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation, thirteen have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $286.3043.

A number of equities analysts have weighed in on the company. The Goldman Sachs Group set a $261.00 price objective on J.B. Hunt Transport Services in a research note on Thursday, July 16th. Benchmark raised their target price on J.B. Hunt Transport Services from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Truist Financial lifted their price target on J.B. Hunt Transport Services from $280.00 to $295.00 and gave the stock a “hold” rating in a report on Thursday, July 16th. BMO Capital Markets reissued an “outperform” rating on shares of J.B. Hunt Transport Services in a research report on Thursday, July 16th. Finally, Argus set a $285.00 price objective on shares of J.B. Hunt Transport Services in a report on Monday, April 20th.

Insider Activity

In other news, EVP Spencer Frazier sold 2,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $258.20, for a total value of $516,400.00. Following the completion of the sale, the executive vice president owned 4,604 shares of the company’s stock, valued at $1,188,752.80. This represents a 30.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Brian Webb sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $284.01, for a total transaction of $426,015.00. Following the sale, the executive vice president owned 15,881 shares of the company’s stock, valued at $4,510,362.81. This represents a 8.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,203 shares of company stock valued at $1,142,861 in the last 90 days. Company insiders own 2.50% of the company’s stock.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CYBER HORNET ETFs LLC acquired a new position in shares of J.B. Hunt Transport Services in the 2nd quarter valued at $31,000. International Assets Investment Management LLC acquired a new stake in shares of J.B. Hunt Transport Services during the 4th quarter worth about $32,000. MUFG Securities EMEA plc acquired a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter worth about $34,000. Whittier Trust Co. raised its holdings in J.B. Hunt Transport Services by 39.1% in the 4th quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock valued at $37,000 after buying an additional 50 shares during the period. Finally, CIBC Private Wealth Group LLC raised its holdings in J.B. Hunt Transport Services by 34.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock valued at $37,000 after buying an additional 48 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Trading Down 0.9%

Shares of J.B. Hunt Transport Services stock opened at $279.71 on Tuesday. The stock has a market cap of $26.27 billion, a P/E ratio of 39.62, a P/E/G ratio of 1.76 and a beta of 1.30. The stock’s 50 day simple moving average is $279.67 and its 200-day simple moving average is $248.62. J.B. Hunt Transport Services has a 1-year low of $130.12 and a 1-year high of $299.76. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.26 and a quick ratio of 1.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.20. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.The business had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same period in the prior year, the business earned $1.31 earnings per share. The business’s revenue was up 19.4% compared to the same quarter last year. Analysts predict that J.B. Hunt Transport Services will post 7.75 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, August 7th. J.B. Hunt Transport Services’s payout ratio is presently 25.50%.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.