J.B. Hunt Transport Services (NASDAQ:JBHT) Upgraded at StockNews.com

StockNews.com upgraded shares of J.B. Hunt Transport Services (NASDAQ:JBHT) from a sell rating to a hold rating in a report released on Monday.

A number of other research firms have also weighed in on JBHT. Susquehanna lowered their target price on J.B. Hunt Transport Services from $195.00 to $185.00 and set a neutral rating for the company in a report on Wednesday, April 17th. Stephens decreased their price objective on J.B. Hunt Transport Services from $210.00 to $192.00 and set an overweight rating for the company in a research note on Wednesday, April 17th. Stifel Nicolaus cut their target price on J.B. Hunt Transport Services from $188.00 to $173.00 and set a hold rating on the stock in a research note on Wednesday, April 17th. Barclays decreased their price target on shares of J.B. Hunt Transport Services from $200.00 to $170.00 and set an equal weight rating for the company in a research report on Wednesday, April 17th. Finally, Bank of America lowered their price target on shares of J.B. Hunt Transport Services from $215.00 to $199.00 and set a buy rating on the stock in a report on Wednesday, April 17th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $194.24.

J.B. Hunt Transport Services Trading Up 0.6 %

NASDAQ JBHT opened at $163.52 on Monday. The company’s 50-day simple moving average is $191.09 and its two-hundred day simple moving average is $191.63. J.B. Hunt Transport Services has a one year low of $160.07 and a one year high of $219.51. The company has a market capitalization of $16.88 billion, a price-to-earnings ratio of 25.96, a price-to-earnings-growth ratio of 2.13 and a beta of 1.11. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.15 and a current ratio of 1.26.

J.B. Hunt Transport Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.72 annualized dividend and a dividend yield of 1.05%. J.B. Hunt Transport Services’s payout ratio is currently 27.30%.

Insider Activity

In related news, SVP Kevin Bracy sold 754 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $211.79, for a total value of $159,689.66. Following the completion of the transaction, the senior vice president now owns 8,235 shares in the company, valued at approximately $1,744,090.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other J.B. Hunt Transport Services news, insider Alfred C. Harper sold 6,500 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $212.71, for a total transaction of $1,382,615.00. Following the completion of the sale, the insider now directly owns 42,411 shares in the company, valued at approximately $9,021,243.81. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Kevin Bracy sold 754 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $211.79, for a total transaction of $159,689.66. Following the completion of the sale, the senior vice president now owns 8,235 shares in the company, valued at approximately $1,744,090.65. The disclosure for this sale can be found here. Insiders have sold 15,454 shares of company stock valued at $3,283,219 over the last ninety days. 2.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Drive Wealth Management LLC grew its position in J.B. Hunt Transport Services by 3.5% during the 4th quarter. Drive Wealth Management LLC now owns 1,696 shares of the transportation company’s stock worth $339,000 after purchasing an additional 57 shares during the period. Garrison Asset Management LLC grew its holdings in J.B. Hunt Transport Services by 0.4% during the third quarter. Garrison Asset Management LLC now owns 13,432 shares of the transportation company’s stock worth $2,532,000 after acquiring an additional 59 shares during the period. Exchange Traded Concepts LLC raised its position in J.B. Hunt Transport Services by 26.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 299 shares of the transportation company’s stock valued at $60,000 after acquiring an additional 62 shares in the last quarter. New York Life Investment Management LLC lifted its holdings in J.B. Hunt Transport Services by 0.5% in the fourth quarter. New York Life Investment Management LLC now owns 12,711 shares of the transportation company’s stock valued at $2,539,000 after acquiring an additional 65 shares during the period. Finally, Czech National Bank boosted its position in J.B. Hunt Transport Services by 0.5% in the 1st quarter. Czech National Bank now owns 14,347 shares of the transportation company’s stock worth $2,859,000 after purchasing an additional 75 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. 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.