Brokerages Set J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) PT at $286.30

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) have received an average recommendation of “Moderate Buy” from the twenty-six ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $286.3043.

A number of research firms have weighed in on JBHT. Truist Financial raised their target price on shares of J.B. Hunt Transport Services from $280.00 to $295.00 and gave the stock a “hold” rating in a research note on Thursday, July 16th. TD Cowen increased their price target on J.B. Hunt Transport Services from $265.00 to $297.00 and gave the company a “hold” rating in a report on Thursday, July 16th. Weiss Ratings downgraded J.B. Hunt Transport Services from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, September 1st. Raymond James Financial raised their target price on J.B. Hunt Transport Services from $299.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, July 16th. Finally, JPMorgan Chase & Co. boosted their price target on shares of J.B. Hunt Transport Services from $280.00 to $313.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th.

Institutional Trading of J.B. Hunt Transport Services

A number of hedge funds and other institutional investors have recently made changes to their positions in JBHT. California State Teachers Retirement System raised its holdings in J.B. Hunt Transport Services by 37,492.5% in the 2nd quarter. California State Teachers Retirement System now owns 33,209,198 shares of the transportation company’s stock valued at $9,611,738,000 after buying an additional 33,120,858 shares during the period. BlackRock Inc. acquired a new position in shares of J.B. Hunt Transport Services in the 2nd quarter worth approximately $1,833,602,000. State Street Corp boosted its position in shares of J.B. Hunt Transport Services by 7.1% during the 2nd quarter. State Street Corp now owns 4,122,669 shares of the transportation company’s stock worth $592,015,000 after purchasing an additional 272,594 shares during the period. Janus Henderson Group PLC lifted its stake in J.B. Hunt Transport Services by 1.1% during the first quarter. Janus Henderson Group PLC now owns 3,982,720 shares of the transportation company’s stock worth $843,937,000 after purchasing an additional 41,887 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in J.B. Hunt Transport Services by 17.7% during the fourth quarter. AQR Capital Management LLC now owns 3,755,171 shares of the transportation company’s stock worth $729,780,000 after purchasing an additional 565,605 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ:JBHT opened at $273.77 on Friday. The business’s 50 day moving average price is $276.15 and its 200-day moving average price is $254.45. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market capitalization of $25.71 billion, a PE ratio of 38.78, a P/E/G ratio of 2.07 and a beta of 1.29. J.B. Hunt Transport Services has a 1 year low of $130.12 and a 1 year high of $299.76.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.20. The company had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.26 billion. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.31 EPS. As a group, equities research analysts expect that J.B. Hunt Transport Services will post 7.75 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

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

J.B. Hunt Transport Services Company Profile

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.