J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Price Target Lowered at TD Cowen

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective trimmed by TD Cowen from $297.00 to $283.00 in a report released on Monday morning,Benzinga reports. The firm currently has a hold rating on the transportation company’s stock.

Other equities research analysts have also recently issued reports about the company. Raymond James Financial dropped their target price on J.B. Hunt Transport Services from $315.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, September 17th. Truist Financial upped 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. Citigroup upgraded J.B. Hunt Transport Services from a “market perform” rating to an “outperform” rating in a research report on Thursday, September 17th. Robert W. Baird dropped their price objective on J.B. Hunt Transport Services from $320.00 to $290.00 and set an “outperform” rating on the stock in a report on Thursday, September 17th. Finally, Benchmark boosted their price objective on J.B. Hunt Transport Services from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and a consensus price target of $280.83.

J.B. Hunt Transport Services Price Performance

NASDAQ:JBHT opened at $229.74 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market cap of $21.58 billion, a price-to-earnings ratio of 32.54, a price-to-earnings-growth ratio of 1.88 and a beta of 1.31. The company has a 50 day moving average price of $259.40 and a 200-day moving average price of $257.83. J.B. Hunt Transport Services has a 1-year low of $136.46 and a 1-year high of $299.76.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.20. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The firm had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the prior year, the firm posted $1.31 earnings per share. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. Equities research analysts forecast that J.B. Hunt Transport Services will post 7.58 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, August 7th. J.B. Hunt Transport Services’s dividend payout ratio is 25.50%.

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

Several institutional investors have recently bought and sold shares of the company. Eastern Bank raised its holdings in shares of J.B. Hunt Transport Services by 6.8% during the third quarter. Eastern Bank now owns 768 shares of the transportation company’s stock valued at $172,000 after acquiring an additional 49 shares during the last quarter. QRG Capital Management Inc. acquired a new stake in shares of J.B. Hunt Transport Services in the second quarter worth approximately $219,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of J.B. Hunt Transport Services in the second quarter worth approximately $262,000. Andra AP fonden increased its position in shares of J.B. Hunt Transport Services by 4.3% during the second quarter. Andra AP fonden now owns 29,221 shares of the transportation company’s stock worth $8,457,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Junto Capital Management LP increased its position in shares of J.B. Hunt Transport Services by 9.3% during the second quarter. Junto Capital Management LP now owns 426,492 shares of the transportation company’s stock worth $123,440,000 after purchasing an additional 36,149 shares in the last quarter. 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 is a transportation and logistics company headquartered in Lowell, Arkansas. Founded in 1961 by Johnnie Bryan Hunt and Johnelle Hunt, the company has grown from a small trucking operation into a major provider of freight transportation and supply-chain services across North America.

The company’s primary business activities include intermodal transportation, which combines rail and truck services; dedicated contract services, which provides customized fleet and delivery operations for individual customers; and integrated capacity solutions, including freight brokerage and third-party logistics.