Raymond James Raises J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $200.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target hoisted by Raymond James from $195.00 to $200.00 in a research note issued to investors on Friday morning,Benzinga reports. Raymond James currently has an outperform rating on the transportation company’s stock.

Other equities research analysts also recently issued research reports about the stock. Benchmark reissued a “buy” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday. TD Cowen lifted their price target on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Barclays upped their price objective on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. The Goldman Sachs Group cut their target price on J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Finally, Stephens reaffirmed an “overweight” rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and an average target price of $192.11.

J.B. Hunt Transport Services Price Performance

JBHT opened at $174.29 on Friday. The stock has a market cap of $17.57 billion, a P/E ratio of 31.69, a P/E/G ratio of 2.86 and a beta of 1.16. J.B. Hunt Transport Services has a 12 month low of $153.12 and a 12 month high of $219.51. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. The company has a fifty day simple moving average of $180.91 and a 200 day simple moving average of $172.93.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.07. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The company had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same quarter last year, the firm posted $1.80 earnings per share. On average, research analysts expect that J.B. Hunt Transport Services will post 5.7 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.72 annualized dividend and a dividend yield of 0.99%. J.B. Hunt Transport Services’s dividend payout ratio is currently 31.27%.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Spencer Frazier sold 2,200 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total value of $427,262.00. Following the transaction, the executive vice president now directly owns 4,050 shares of the company’s stock, valued at $786,550.50. This represents a 35.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kevin Bracy sold 1,614 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $189.87, for a total transaction of $306,450.18. Following the sale, the senior vice president now owns 8,235 shares of the company’s stock, valued at $1,563,579.45. This trade represents a 16.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,459 shares of company stock worth $2,136,277. Company insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in shares of J.B. Hunt Transport Services by 25.5% in the second quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock valued at $152,589,000 after acquiring an additional 193,684 shares in the last quarter. Paloma Partners Management Co grew its position in shares of J.B. Hunt Transport Services by 14,254.9% during the 3rd quarter. Paloma Partners Management Co now owns 185,896 shares of the transportation company’s stock worth $32,035,000 after purchasing an additional 184,601 shares in the last quarter. Mizuho Securities USA LLC increased its holdings in shares of J.B. Hunt Transport Services by 2,384.8% during the third quarter. Mizuho Securities USA LLC now owns 156,097 shares of the transportation company’s stock worth $25,297,000 after purchasing an additional 149,815 shares during the period. AQR Capital Management LLC raised its position in shares of J.B. Hunt Transport Services by 282.8% in the second quarter. AQR Capital Management LLC now owns 173,637 shares of the transportation company’s stock valued at $27,740,000 after buying an additional 128,283 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at approximately $16,887,000. Institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Company Profile

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.