TD Cowen Cuts J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $283.00

J.B. Hunt Transport Services (NASDAQ:JBHT – Free Report) had its price objective lowered by TD Cowen from $297.00 to $283.00 in a research note published on Monday morning,Benzinga reports. TD Cowen currently has a hold rating on the transportation company’s stock.

A number of other analysts also recently issued reports on JBHT. 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. Susquehanna decreased their target price on J.B. Hunt Transport Services from $345.00 to $305.00 and set a “positive” rating for the company in a research note on Friday, October 2nd. Truist Financial increased their price target on shares of J.B. Hunt Transport Services from $280.00 to $295.00 and gave the company a “hold” rating in a research note on Thursday, July 16th. JPMorgan Chase & Co. cut their price objective on shares of J.B. Hunt Transport Services from $313.00 to $287.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Wall Street Zen downgraded shares of J.B. Hunt Transport Services from a “buy” rating to a “hold” rating in a research report on Monday, September 21st. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $275.83.

Read Our Latest Analysis on J.B. Hunt Transport Services

J.B. Hunt Transport Services Trading Down 1.5%

JBHT opened at $222.64 on Monday. The business has a fifty day moving average price of $257.30 and a 200 day moving average price 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. J.B. Hunt Transport Services has a 12 month low of $136.46 and a 12 month high of $299.76. The stock 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 – Get Free Report) last posted its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 EPS 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 during the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the previous year, the business posted $1.31 EPS. The firm’s revenue was up 19.4% on a year-over-year basis. Sell-side 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 disclosed a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were paid a $0.45 dividend. The ex-dividend date was Friday, August 7th. This represents a $1.80 dividend on an annualized basis and a yield of 0.8%. J.B. Hunt Transport Services’s payout ratio is currently 25.50%.

Institutional Investors Weigh In On J.B. Hunt Transport Services

A number of institutional investors and hedge funds have recently made changes to their positions in JBHT. BlackRock Inc. acquired a new stake in J.B. Hunt Transport Services during the 2nd quarter worth approximately $1,833,602,000. Jupiter Topco LLC acquired a new position in shares of J.B. Hunt Transport Services in the second quarter valued at approximately $891,349,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of J.B. Hunt Transport Services in the second quarter valued at approximately $287,581,000. Park Presidio Capital LLC purchased a new stake in shares of J.B. Hunt Transport Services during the second quarter worth approximately $218,096,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of J.B. Hunt Transport Services during the second quarter worth approximately $187,701,000. 74.95% of the stock is owned by hedge funds and other institutional investors.

About J.B. Hunt Transport Services

(Get Free Report)

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.

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