JPMorgan Chase & Co. Cuts J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $287.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target decreased by JPMorgan Chase & Co. from $313.00 to $287.00 in a research report released on Monday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the transportation company’s stock.

Other equities analysts have also recently issued research reports about the company. Robert W. Baird decreased their price target on J.B. Hunt Transport Services from $320.00 to $290.00 and set an “outperform” rating for the company in a report on Thursday, September 17th. Wall Street Zen lowered shares of J.B. Hunt Transport Services from a “buy” rating to a “hold” rating in a research note on Monday, September 21st. Stifel Nicolaus boosted their target price on shares of J.B. Hunt Transport Services from $225.00 to $261.00 and gave the stock a “hold” rating in a research report on Monday, July 13th. Citigroup upgraded shares of J.B. Hunt Transport Services from a “market perform” rating to an “outperform” rating in a research note on Thursday, September 17th. Finally, Susquehanna lowered their price target on shares of J.B. Hunt Transport Services from $345.00 to $305.00 and set a “positive” rating for the company in a report on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $275.83.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ JBHT opened at $222.64 on Monday. J.B. Hunt Transport Services has a 1-year low of $136.46 and a 1-year high of $299.76. The business has a 50-day moving average of $257.30 and a 200-day moving average of $258.19. 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 company has a market capitalization of $20.91 billion, a price-to-earnings ratio of 31.54, a PEG ratio of 1.81 and a beta of 1.31.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its 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. The business had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.26 billion. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.31 earnings per share. On average, equities analysts anticipate that J.B. Hunt Transport Services will post 7.58 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

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

Hedge Funds Weigh In On J.B. Hunt Transport Services

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of J.B. Hunt Transport Services during the 2nd quarter valued at approximately $1,833,602,000. Jupiter Topco LLC bought a new stake in shares of J.B. Hunt Transport Services in the second quarter worth $891,349,000. Janus Henderson Group PLC increased its stake in shares of J.B. Hunt Transport Services by 1.1% in the first quarter. Janus Henderson Group PLC now owns 3,982,720 shares of the transportation company’s stock worth $843,937,000 after buying an additional 41,887 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in J.B. Hunt Transport Services by 64.7% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,056,398 shares of the transportation company’s stock valued at $305,753,000 after acquiring an additional 414,837 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in J.B. Hunt Transport Services in the second quarter valued at $287,581,000. 74.95% of the stock is 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.