J.B. Hunt Transport Services (NASDAQ:JBHT) Hits New 12-Month High After Analyst Upgrade

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTGet Free Report) hit a new 52-week high during mid-day trading on Friday after BMO Capital Markets raised their price target on the stock from $250.00 to $320.00. BMO Capital Markets currently has an outperform rating on the stock. J.B. Hunt Transport Services traded as high as $289.95 and last traded at $287.20, with a volume of 236681 shares. The stock had previously closed at $283.31.

A number of other equities analysts also recently issued reports on JBHT. Raymond James Financial reiterated an “outperform” rating and set a $240.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 15th. UBS Group increased their price target on J.B. Hunt Transport Services from $216.00 to $221.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. Bank of America increased their price target on J.B. Hunt Transport Services from $225.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Susquehanna increased their price target on J.B. Hunt Transport Services from $250.00 to $290.00 and gave the stock a “positive” rating in a research report on Wednesday, April 22nd. Finally, Weiss Ratings downgraded J.B. Hunt Transport Services from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and an average price target of $233.83.

Check Out Our Latest Research Report on JBHT

Insiders Place Their Bets

In other news, Director James K. Thompson sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $254.28, for a total value of $254,280.00. Following the transaction, the director owned 19,559 shares in the company, valued at $4,973,462.52. This trade represents a 4.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Nicholas Hobbs sold 1,272 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $250.75, for a total value of $318,954.00. Following the transaction, the chief operating officer owned 91,736 shares in the company, valued at approximately $23,002,802. The trade was a 1.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 15,916 shares of company stock valued at $4,109,634. 2.50% of the stock is owned by corporate insiders.

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. Summitry LLC grew its stake in shares of J.B. Hunt Transport Services by 2.9% in the first quarter. Summitry LLC now owns 1,560 shares of the transportation company’s stock valued at $331,000 after buying an additional 44 shares in the last quarter. Keybank National Association OH grew its stake in shares of J.B. Hunt Transport Services by 2.7% in the first quarter. Keybank National Association OH now owns 1,765 shares of the transportation company’s stock valued at $374,000 after buying an additional 46 shares in the last quarter. Root Financial Partners LLC grew its stake in shares of J.B. Hunt Transport Services by 25.4% in the fourth quarter. Root Financial Partners LLC now owns 232 shares of the transportation company’s stock valued at $45,000 after buying an additional 47 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of J.B. Hunt Transport Services by 0.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 8,622 shares of the transportation company’s stock valued at $1,827,000 after buying an additional 47 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in shares of J.B. Hunt Transport Services by 34.3% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Price Performance

The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a 50 day moving average price of $243.63 and a two-hundred day moving average price of $217.58. The firm has a market capitalization of $26.98 billion, a price-to-earnings ratio of 44.35, a PEG ratio of 2.08 and a beta of 1.30.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) last issued its quarterly earnings data on Wednesday, April 15th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.04. The business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.01 billion. J.B. Hunt Transport Services had a return on equity of 17.30% and a net margin of 5.13%.The company’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.17 earnings per share. As a group, analysts expect that J.B. Hunt Transport Services, Inc. will post 7.27 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Friday, May 8th. J.B. Hunt Transport Services’s payout ratio is 27.86%.

J.B. Hunt Transport Services Company Profile

(Get Free Report)

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.

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