Fintel reports that on September 18, 2023, B of A Securities maintained coverage of J.B. Hunt Transport Services (NASDAQ:JBHT) with a Buy recommendation.
Analyst Price Forecast Suggests 4.95% Upside
As of August 31, 2023, the average one-year price target for J.B. Hunt Transport Services is 203.96. The forecasts range from a low of 171.70 to a high of $236.25. The average price target represents an increase of 4.95% from its latest reported closing price of 194.34.
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The projected annual revenue for J.B. Hunt Transport Services is 15,301MM, an increase of 10.48%. The projected annual non-GAAP EPS is 9.76.
J.B. Hunt Transport Services Declares $0.42 Dividend
On July 19, 2023, the company declared a regular quarterly dividend of $0.42 per share ($1.68 annualized). Shareholders of record as of August 4, 2023 received the payment on August 18, 2023. Previously, the company paid $0.42 per share.
At the current share price of $194.34 / share, the stock’s dividend yield is 0.86%.
Looking back five years and taking a sample every week, the average dividend yield has been 0.88%, the lowest has been 0.59%, and the highest has been 1.43%. The standard deviation of yields is 0.14 (n=235).
The current dividend yield is 0.11 standard deviations below the historical average.
Additionally, the company’s dividend payout ratio is 0.20. The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company’s income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 0.56%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 1287 funds or institutions reporting positions in J.B. Hunt Transport Services. This is a decrease of 39 owner(s) or 2.94% in the last quarter. Average portfolio weight of all funds dedicated to JBHT is 0.26%, an increase of 0.53%. Total shares owned by institutions increased in the last three months by 0.08% to 91,986K shares.The put/call ratio of JBHT is 1.35, indicating a bearish outlook.
What are Other Shareholders Doing?
T. Rowe Price Investment Management holds 5,427K shares representing 5.25% ownership of the company. In it’s prior filing, the firm reported owning 5,200K shares, representing an increase of 4.20%. The firm increased its portfolio allocation in JBHT by 2.32% over the last quarter.
Price T Rowe Associates holds 4,378K shares representing 4.24% ownership of the company. In it’s prior filing, the firm reported owning 4,680K shares, representing a decrease of 6.91%. The firm increased its portfolio allocation in JBHT by 102.67% over the last quarter.
Janus Henderson Group holds 3,399K shares representing 3.29% ownership of the company. In it’s prior filing, the firm reported owning 3,434K shares, representing a decrease of 1.02%. The firm decreased its portfolio allocation in JBHT by 4.89% over the last quarter.
Barrow Hanley Mewhinney & Strauss holds 3,209K shares representing 3.11% ownership of the company. In it’s prior filing, the firm reported owning 3,293K shares, representing a decrease of 2.61%. The firm increased its portfolio allocation in JBHT by 12.67% over the last quarter.
Durable Capital Partners holds 2,662K shares representing 2.58% ownership of the company. In it’s prior filing, the firm reported owning 2,091K shares, representing an increase of 21.44%. The firm increased its portfolio allocation in JBHT by 22.74% over the last quarter.
J.B. Hunt Transport Services Background Information
(This description is provided by the company.)
J.B. Hunt Transport Services, Inc., an S&P 500 company, provides innovative supply chain solutions for a variety of customers throughout North America. Utilizing an integrated, multimodal approach, the company applies technology-driven methods to create the best solution for each customer, adding efficiency, flexibility, and value to their operations. J.B. Hunt services include intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single source, final mile, and more.
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