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J.B. Hunt Transport Services (NASDAQ:JBHT) PT Lowered to $173.00

Financial News Live ·  Jan 24, 2023 02:21

J.B. Hunt Transport Services (NASDAQ:JBHT – Get Rating) had its price objective decreased by Loop Capital from $191.00 to $173.00 in a research note released on Friday morning, The Fly reports.

Other analysts have also recently issued reports about the stock. UBS Group lifted their price objective on shares of J.B. Hunt Transport Services from $155.00 to $162.00 in a research note on Thursday, January 19th. Barclays upped their price target on shares of J.B. Hunt Transport Services from $190.00 to $200.00 and gave the company an overweight rating in a report on Thursday, January 19th. Deutsche Bank Aktiengesellschaft reduced their price objective on J.B. Hunt Transport Services from $230.00 to $228.00 in a research note on Monday, November 28th. Cowen lowered their target price on J.B. Hunt Transport Services from $196.00 to $193.00 and set a market perform rating on the stock in a research note on Thursday, January 19th. Finally, Raymond James lifted their price target on J.B. Hunt Transport Services from $195.00 to $203.00 and gave the company an outperform rating in a research report on Thursday, January 19th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $196.39.

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J.B. Hunt Transport Services Price Performance

NASDAQ JBHT opened at $193.62 on Friday. The company has a market cap of $20.05 billion, a price-to-earnings ratio of 21.05, a PEG ratio of 1.35 and a beta of 1.12. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.38 and a quick ratio of 1.43. The stock's fifty day moving average price is $179.48 and its 200 day moving average price is $175.42. J.B. Hunt Transport Services has a 1 year low of $153.92 and a 1 year high of $218.18.

J.B. Hunt Transport Services (NASDAQ:JBHT – Get Rating) last announced its quarterly earnings data on Wednesday, January 18th. The transportation company reported $1.92 earnings per share for the quarter, missing analysts' consensus estimates of $2.45 by ($0.53). J.B. Hunt Transport Services had a net margin of 6.54% and a return on equity of 28.20%. The firm had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same period in the prior year, the company posted $2.28 earnings per share. The firm's revenue for the quarter was up 4.4% on a year-over-year basis. As a group, equities research analysts forecast that J.B. Hunt Transport Services will post 9.37 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 24th. Stockholders of record on Friday, February 10th will be paid a $0.42 dividend. The ex-dividend date is Thursday, February 9th. This is a positive change from J.B. Hunt Transport Services's previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.87%. J.B. Hunt Transport Services's payout ratio is currently 17.39%.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Shelley Simpson sold 7,000 shares of the firm's stock in a transaction on Friday, November 11th. The stock was sold at an average price of $186.02, for a total value of $1,302,140.00. Following the transaction, the executive vice president now owns 77,630 shares in the company, valued at approximately $14,440,732.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Spencer Frazier sold 1,000 shares of the company's stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $177.16, for a total value of $177,160.00. Following the completion of the sale, the executive vice president now directly owns 3,060 shares in the company, valued at $542,109.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Shelley Simpson sold 7,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $186.02, for a total value of $1,302,140.00. Following the transaction, the executive vice president now owns 77,630 shares in the company, valued at approximately $14,440,732.60. The disclosure for this sale can be found here. 3.10% of the stock is owned by corporate insiders.

Institutional Trading of J.B. Hunt Transport Services

Several large investors have recently added to or reduced their stakes in the stock. CAPROCK Group Inc. purchased a new position in shares of J.B. Hunt Transport Services during the 4th quarter worth $211,000. Allspring Global Investments Holdings LLC boosted its holdings in J.B. Hunt Transport Services by 17.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 665,944 shares of the transportation company's stock valued at $116,114,000 after purchasing an additional 100,912 shares during the last quarter. Edmonds Duncan Registered Investment Advisors LLC purchased a new stake in shares of J.B. Hunt Transport Services in the 4th quarter valued at approximately $210,000. Western Financial Corp CA acquired a new stake in shares of J.B. Hunt Transport Services during the 4th quarter worth approximately $585,000. Finally, Procyon Advisors LLC raised its position in shares of J.B. Hunt Transport Services by 21.2% during the 4th quarter. Procyon Advisors LLC now owns 2,163 shares of the transportation company's stock valued at $377,000 after buying an additional 379 shares during the period. 74.93% of the stock is currently owned by hedge funds and other institutional investors.

About J.B. Hunt Transport Services

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J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in North America. 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.

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