J.B. Hunt Transport Services (NASDAQ:JBHT – Free Report) had its price objective decreased by Raymond James Financial from $315.00 to $300.00 in a research note released on Thursday, Marketbeat.com reports. Raymond James Financial currently has an outperform rating on the transportation company’s stock.
A number of other research firms also recently weighed in on JBHT. The Goldman Sachs Group set a $261.00 target price on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th. Barclays lowered their price target on shares of J.B. Hunt Transport Services from $300.00 to $285.00 and set an “equal weight” rating for the company in a report on Wednesday. Bank of America dropped their price target on J.B. Hunt Transport Services from $340.00 to $302.00 and set a “buy” rating for the company in a research report on Wednesday. Citigroup raised J.B. Hunt Transport Services from a “market perform” rating to an “outperform” rating in a research note on Thursday. Finally, Zacks Research downgraded J.B. Hunt Transport Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $284.17.
Get Our Latest Analysis on JBHT
J.B. Hunt Transport Services Stock Down 1.1%
J.B. Hunt Transport Services (NASDAQ:JBHT – Get Free Report) last announced 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 net margin of 5.31% and a return on equity of 18.75%. The company had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the previous year, the business posted $1.31 earnings per share. J.B. Hunt Transport Services’s quarterly revenue was up 19.4% on a year-over-year basis. As a group, equities analysts expect that J.B. Hunt Transport Services will post 7.58 earnings per share for the current fiscal year.
J.B. Hunt Transport Services Announces Dividend
The firm 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 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 presently 25.50%.
Institutional Investors Weigh In On J.B. Hunt Transport Services
Institutional investors and hedge funds have recently modified their holdings of the business. Junto Capital Management LP lifted 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 during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of J.B. Hunt Transport Services by 5.3% in the second quarter. Sequoia Financial Advisors LLC now owns 7,546 shares of the transportation company’s stock worth $2,184,000 after purchasing an additional 381 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of J.B. Hunt Transport Services by 11.4% in the second quarter. Tidal Investments LLC now owns 19,499 shares of the transportation company’s stock worth $5,644,000 after purchasing an additional 1,988 shares during the last quarter. National Pension Service increased its stake in J.B. Hunt Transport Services by 5.0% in the 2nd quarter. National Pension Service now owns 50,778 shares of the transportation company’s stock worth $14,697,000 after buying an additional 2,397 shares during the period. Finally, Integrated Wealth Concepts LLC increased its stake in J.B. Hunt Transport Services by 32.2% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 15,620 shares of the transportation company’s stock worth $4,521,000 after buying an additional 3,801 shares during the period. 74.95% of the stock is owned by institutional investors.
Key J.B. Hunt Transport Services News
Here are the key news stories impacting J.B. Hunt Transport Services this week:
- Positive Sentiment: Several analysts still see long-term upside. Raymond James and Baird maintained “outperform” ratings despite reducing their price targets to $300 and $290, respectively, while Citizens JMP upgraded JBHT to “outperform” with a $300 target. J.B. Hunt’s Stock Plunges After Market Misprices Profit Warning
- Positive Sentiment: The bullish case rests on a structural shortage of qualified truck drivers, expected retirements and tighter industry capacity. These factors could eventually support higher freight rates, market-share gains and improved profitability if demand strengthens and pricing catches up with costs. J.B. Hunt’s Stock Plunges After Market Misprices Profit Warning
- Neutral Sentiment: Analyst opinion remains mixed. Wells Fargo lowered its expectations, and other firms trimmed targets, but the broader consensus remains around Moderate Buy. The average of recently revised targets is approximately $288.50, indicating analysts view the selloff as potentially excessive while acknowledging near-term execution risk. Wells Fargo Lowers Expectations for J.B. Hunt
- Negative Sentiment: The earnings warning is the primary pressure on JBHT. Investors are concerned that labor, fuel and insurance-related costs will erode profit even as freight demand improves, raising the risk of additional earnings-estimate cuts. J.B. Hunt Stock Down 13%: Here’s Why
- Negative Sentiment: The warning also intensified concerns across the trucking industry, where weak pricing and persistent cost inflation have pressured peers. Investors may remain cautious until J.B. Hunt’s next earnings report confirms whether improved supply-demand conditions can offset the cost increases. J.B. Hunt Faces Persistent Cost Pressures
About J.B. Hunt Transport Services
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.
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