J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Cut to $287.00 by Analysts at JPMorgan Chase & Co.

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective reduced by JPMorgan Chase & Co. from $313.00 to $287.00 in a research report sent to investors on Monday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the transportation company’s stock.

A number of other analysts have also commented on JBHT. Barclays decreased their target price on J.B. Hunt Transport Services from $300.00 to $285.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 16th. Stifel Nicolaus increased their price target on 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. Stephens raised their price objective on 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. Truist Financial raised their price objective on J.B. Hunt Transport Services from $280.00 to $295.00 and gave the company a “hold” rating in a research note on Thursday, July 16th. Finally, Raymond James Financial decreased their price objective on J.B. Hunt Transport Services from $315.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $280.83.

J.B. Hunt Transport Services Stock Down 1.9%

Shares of NASDAQ:JBHT opened at $229.74 on Monday. The company has a market capitalization of $21.58 billion, a price-to-earnings ratio of 32.54, a P/E/G ratio of 1.88 and a beta of 1.31. 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 business’s 50-day moving average is $259.40 and its 200-day moving average is $257.83. J.B. Hunt Transport Services has a 1 year low of $136.46 and a 1 year high of $299.76.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued 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. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The business had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same period in the prior year, the firm earned $1.31 earnings per share. J.B. Hunt Transport Services’s revenue was up 19.4% on a year-over-year basis. Equities research analysts predict that J.B. Hunt Transport Services will post 7.58 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $1.80 annualized dividend and a dividend yield of 0.8%. J.B. Hunt Transport Services’s dividend payout ratio is 25.50%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Elevation Wealth Partners LLC raised its position in J.B. Hunt Transport Services by 500.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 150 shares of the transportation company’s stock valued at $43,000 after buying an additional 125 shares during the last quarter. Basecamp Wealth Advisors LLC boosted its holdings in J.B. Hunt Transport Services by 250.0% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 217 shares of the transportation company’s stock worth $46,000 after acquiring an additional 155 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of J.B. Hunt Transport Services by 17.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 250 shares of the transportation company’s stock worth $72,000 after acquiring an additional 38 shares in the last quarter. Manchester Capital Management LLC grew its stake in shares of J.B. Hunt Transport Services by 378.1% in the 4th quarter. Manchester Capital Management LLC now owns 349 shares of the transportation company’s stock worth $68,000 after acquiring an additional 276 shares in the last quarter. Finally, Westpac Banking Corp purchased a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at about $131,000. Hedge funds and other institutional investors 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.