J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Given Average Recommendation of “Moderate Buy” by Brokerages

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) has been assigned an average recommendation of “Moderate Buy” from the twenty-six analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $286.3043.

JBHT has been the topic of a number of recent research reports. Stephens boosted their price target on shares of J.B. Hunt Transport Services from $360.00 to $370.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Stifel Nicolaus increased 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 report on Monday, July 13th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of J.B. Hunt Transport Services in a research report on Thursday, July 16th. The Goldman Sachs Group set a $261.00 price objective on J.B. Hunt Transport Services in a research note on Thursday, July 16th. Finally, TD Cowen boosted their target price on J.B. Hunt Transport Services from $265.00 to $297.00 and gave the stock a “hold” rating in a research note on Thursday, July 16th.

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

Several large investors have recently bought and sold shares of JBHT. Elevation Wealth Partners LLC boosted its position in shares of J.B. Hunt Transport Services by 500.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 150 shares of the transportation company’s stock worth $43,000 after acquiring an additional 125 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of J.B. Hunt Transport Services during the 4th quarter worth about $32,000. CIBC Private Wealth Group LLC lifted its position in shares of J.B. Hunt Transport Services by 34.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock worth $37,000 after buying an additional 48 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of J.B. Hunt Transport Services in the 2nd quarter valued at $31,000. Finally, Basecamp Wealth Advisors LLC boosted its holdings in shares of J.B. Hunt Transport Services by 250.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 217 shares of the transportation company’s stock valued at $46,000 after buying an additional 155 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT opened at $270.45 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market capitalization of $25.40 billion, a P/E ratio of 38.31, a PEG ratio of 2.03 and a beta of 1.29. The company has a 50 day moving average price of $274.75 and a 200 day moving average price of $255.48. J.B. Hunt Transport Services has a fifty-two week low of $130.12 and a fifty-two week high of $299.76.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released 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. 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 quarterly revenue was up 19.4% on a year-over-year basis. During the same period last year, the business posted $1.31 earnings per share. Equities research analysts forecast that J.B. Hunt Transport Services will post 7.75 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $1.80 annualized dividend and a yield of 0.7%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 25.50%.

J.B. Hunt Transport Services Company Profile

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.