Barclays Issues Positive Forecast for J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Price

17 Nov 2024, 07:41 by Teresa Graham · The Cerbat Gem

J.B. Hunt Transport Services (NASDAQ:JBHT – Free Report) had its price target upped by Barclays from $175.00 to $195.00 in a report published on Wednesday,Benzinga reports. The firm currently has an equal weight rating on the transportation company’s stock.

Other equities research analysts have also recently issued reports about the stock. Loop Capital raised their price target on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. BMO Capital Markets reiterated an “outperform” rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Stifel Nicolaus raised their price objective on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Stephens reiterated an “overweight” rating and set a $195.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Finally, Susquehanna raised their price target on shares of J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and an average price target of $190.11.

Read Our Latest Stock Report on J.B. Hunt Transport Services

J.B. Hunt Transport Services Stock Down 1.2 %

JBHT opened at $182.35 on Wednesday. The firm has a market cap of $18.39 billion, a P/E ratio of 33.15, a price-to-earnings-growth ratio of 2.90 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. The business has a 50 day moving average price of $175.60 and a 200 day moving average price of $168.27. J.B. Hunt Transport Services has a twelve month low of $153.12 and a twelve month high of $219.51.

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

J.B. Hunt Transport Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a dividend of $0.43 per share. The ex-dividend date is Friday, November 8th. This represents a $1.72 annualized dividend and a yield of 0.94%. J.B. Hunt Transport Services’s dividend payout ratio is currently 31.27%.

Insider Activity

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $175.03, for a total value of $525,090.00. Following the transaction, the executive vice president now directly owns 14,150 shares in the company, valued at $2,476,674.50. The trade was a 17.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Spencer Frazier sold 2,200 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total transaction of $427,262.00. Following the sale, the executive vice president now directly owns 4,050 shares in the company, valued at $786,550.50. This represents a 35.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,314 shares of company stock worth $1,534,052. Corporate insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On J.B. Hunt Transport Services

Several institutional investors have recently bought and sold shares of the business. M&T Bank Corp increased its stake in shares of J.B. Hunt Transport Services by 7.8% in the third quarter. M&T Bank Corp now owns 3,586 shares of the transportation company’s stock valued at $618,000 after buying an additional 261 shares in the last quarter. Executive Wealth Management LLC acquired a new stake in J.B. Hunt Transport Services in the 3rd quarter valued at about $229,000. Barclays PLC raised its stake in shares of J.B. Hunt Transport Services by 37.5% in the third quarter. Barclays PLC now owns 236,177 shares of the transportation company’s stock worth $40,698,000 after acquiring an additional 64,380 shares during the last quarter. MML Investors Services LLC lifted its position in shares of J.B. Hunt Transport Services by 4.4% during the third quarter. MML Investors Services LLC now owns 4,667 shares of the transportation company’s stock worth $804,000 after purchasing an additional 195 shares in the last quarter. Finally, National Bank of Canada FI grew its stake in shares of J.B. Hunt Transport Services by 86.1% during the third quarter. National Bank of Canada FI now owns 43,237 shares of the transportation company’s stock valued at $7,451,000 after purchasing an additional 20,005 shares during the last quarter. Institutional investors own 74.95% of the company’s stock.

About J.B. Hunt Transport Services

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