Susquehanna Cuts J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $305.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target decreased by Susquehanna from $345.00 to $305.00 in a research report released on Friday morning, Marketbeat.com reports. Susquehanna currently has a positive rating on the transportation company’s stock.

Other research analysts also recently issued reports about the stock. Bank of America dropped their target price on shares of J.B. Hunt Transport Services from $340.00 to $302.00 and set a “buy” rating on the stock in a research report on Wednesday, September 16th. TD Cowen upped their price target on shares of J.B. Hunt Transport Services from $265.00 to $297.00 and gave the company a “hold” rating in a research report on Thursday, July 16th. Raymond James Financial decreased their price objective on shares of J.B. Hunt Transport Services from $315.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, September 17th. Benchmark lifted their price objective on shares of J.B. Hunt Transport Services from $250.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Finally, Stephens boosted their target price on shares of J.B. Hunt Transport Services from $360.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $282.50.

J.B. Hunt Transport Services Price Performance

JBHT stock opened at $234.20 on Friday. J.B. Hunt Transport Services has a 12 month low of $134.53 and a 12 month high of $299.76. The firm has a market cap of $22.00 billion, a PE ratio of 33.17, a P/E/G ratio of 1.88 and a beta of 1.31. The firm has a 50 day simple moving average of $260.43 and a 200 day simple moving average of $257.62. 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 (NASDAQ:JBHT) last announced its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.20. The company had revenue of $3.50 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.31 EPS. Equities research analysts forecast that J.B. Hunt Transport Services will post 7.58 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The business 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. This represents a $1.80 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, August 7th. J.B. Hunt Transport Services’s dividend payout ratio is currently 25.50%.

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

A number of institutional investors have recently modified their holdings of the stock. QRG Capital Management Inc. acquired a new position in shares of J.B. Hunt Transport Services in the second quarter worth $219,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of J.B. Hunt Transport Services during the second quarter worth $262,000. Andra AP fonden boosted its position in J.B. Hunt Transport Services by 4.3% during the second quarter. Andra AP fonden now owns 29,221 shares of the transportation company’s stock valued at $8,457,000 after purchasing an additional 1,200 shares during the last quarter. Junto Capital Management LP boosted its position in J.B. Hunt Transport Services by 9.3% during the second quarter. Junto Capital Management LP now owns 426,492 shares of the transportation company’s stock valued at $123,440,000 after purchasing an additional 36,149 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in J.B. Hunt Transport Services by 5.3% during the second quarter. Sequoia Financial Advisors LLC now owns 7,546 shares of the transportation company’s stock valued at $2,184,000 after purchasing an additional 381 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Company Profile

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.