J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Receives $286.30 Average Target Price from Brokerages

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

Several equities research analysts have commented on the stock. Citigroup reaffirmed a “market perform” rating on shares of J.B. Hunt Transport Services in a report on Monday, July 20th. TD Cowen boosted their price target on shares of J.B. Hunt Transport Services from $265.00 to $297.00 and gave the company a “hold” rating in a research report on Thursday, July 16th. Susquehanna set a $345.00 price target on shares of J.B. Hunt Transport Services in a research note on Thursday, July 16th. Stifel Nicolaus raised their price objective on shares of J.B. Hunt Transport Services from $225.00 to $261.00 and gave the stock a “hold” rating in a report on Monday, July 13th. Finally, Wells Fargo & Company lifted their price objective on shares of J.B. Hunt Transport Services from $310.00 to $335.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th.

Institutional Trading of J.B. Hunt Transport Services

Hedge funds and other institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System boosted its stake in J.B. Hunt Transport Services by 37,492.5% in the 2nd quarter. California State Teachers Retirement System now owns 33,209,198 shares of the transportation company’s stock worth $9,611,738,000 after purchasing an additional 33,120,858 shares during the period. BlackRock Inc. purchased a new stake in shares of J.B. Hunt Transport Services in the second quarter worth about $1,833,602,000. Jupiter Topco LLC bought a new position in shares of J.B. Hunt Transport Services in the second quarter valued at approximately $891,349,000. AQR Capital Management LLC boosted its position in shares of J.B. Hunt Transport Services by 411.5% in the second quarter. AQR Capital Management LLC now owns 1,799,843 shares of the transportation company’s stock valued at $258,457,000 after acquiring an additional 1,447,993 shares during the period. Finally, Norges Bank purchased a new position in J.B. Hunt Transport Services during the fourth quarter valued at approximately $200,587,000. 74.95% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Stock Down 2.5%

Shares of NASDAQ JBHT opened at $267.80 on Friday. J.B. Hunt Transport Services has a one year low of $130.12 and a one 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. The business’s fifty day moving average price is $275.42 and its 200-day moving average price is $255.11. The stock has a market capitalization of $25.15 billion, a PE ratio of 37.93, a P/E/G ratio of 2.08 and a beta of 1.29.

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 for the quarter, topping the consensus estimate 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 company had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the prior year, the company earned $1.31 EPS. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. On average, equities research analysts anticipate that J.B. Hunt Transport Services will post 7.75 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, August 7th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 25.50%.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a transportation and logistics company headquartered in Lowell, Arkansas. Through its operating segments, the company provides freight transportation, logistics and supply-chain services to customers across North America.

Its principal businesses include intermodal transportation, which combines rail and trucking; dedicated contract services, which provides customized transportation and fleet-management solutions; and integrated capacity solutions, which matches customer freight with available transportation capacity.