J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Raised to $300.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective increased by Barclays from $270.00 to $300.00 in a research report report published on Thursday, MarketBeat.com reports. The brokerage currently has an equal weight rating on the transportation company’s stock.

A number of other brokerages have also commented on JBHT. Citigroup started coverage on J.B. Hunt Transport Services in a research report on Wednesday. They issued a “market perform” rating for the company. Argus set a $285.00 price objective on J.B. Hunt Transport Services in a research note on Monday, April 20th. Robert W. Baird boosted their price objective on J.B. Hunt Transport Services from $275.00 to $290.00 and gave the company an “outperform” rating in a report on Wednesday, June 17th. Wall Street Zen raised J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a research report on Sunday, June 7th. Finally, Raymond James Financial upped their target price on J.B. Hunt Transport Services from $299.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $286.30.

J.B. Hunt Transport Services Trading Down 2.3%

JBHT opened at $291.41 on Thursday. J.B. Hunt Transport Services has a 1-year low of $130.12 and a 1-year high of $299.76. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31. The company has a market cap of $27.48 billion, a P/E ratio of 41.28, a price-to-earnings-growth ratio of 2.06 and a beta of 1.29. The company has a fifty day moving average price of $274.31 and a two-hundred day moving average price of $238.25.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.20. The firm had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.26 billion. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The business’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.31 earnings per share. Analysts predict that J.B. Hunt Transport Services will post 7.6 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.80 annualized dividend and a dividend yield of 0.6%. J.B. Hunt Transport Services’s dividend payout ratio is currently 27.86%.

Insider Activity at J.B. Hunt Transport Services

In related news, EVP David Keefauver sold 703 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $285.13, for a total transaction of $200,446.39. Following the completion of the sale, the executive vice president directly owned 790 shares of the company’s stock, valued at approximately $225,252.70. This trade represents a 47.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Bradley W. Hicks sold 7,644 shares of J.B. Hunt Transport Services stock in a transaction on Friday, May 15th. The stock was sold at an average price of $261.91, for a total value of $2,002,040.04. Following the sale, the insider owned 23,982 shares in the company, valued at $6,281,125.62. This trade represents a 24.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 18,119 shares of company stock valued at $4,736,095 in the last ninety days. Insiders own 2.50% of the company’s stock.

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

A number of hedge funds have recently made changes to their positions in JBHT. AQR Capital Management LLC raised its position in J.B. Hunt Transport Services by 411.5% in the second quarter. AQR Capital Management LLC now owns 1,799,843 shares of the transportation company’s stock worth $258,457,000 after acquiring an additional 1,447,993 shares during the period. Norges Bank purchased a new position in J.B. Hunt Transport Services in the fourth quarter valued at about $200,587,000. Bessemer Group Inc. grew its position in shares of J.B. Hunt Transport Services by 75,567.4% during the 4th quarter. Bessemer Group Inc. now owns 1,006,377 shares of the transportation company’s stock valued at $195,580,000 after acquiring an additional 1,005,047 shares during the period. Qube Research & Technologies Ltd grew its position in shares of J.B. Hunt Transport Services by 338.0% during the 3rd quarter. Qube Research & Technologies Ltd now owns 823,089 shares of the transportation company’s stock valued at $110,434,000 after acquiring an additional 635,172 shares during the period. Finally, Wellington Management Group LLP increased its stake in shares of J.B. Hunt Transport Services by 272.8% during the 4th quarter. Wellington Management Group LLP now owns 747,377 shares of the transportation company’s stock worth $145,245,000 after purchasing an additional 546,880 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors.

Trending Headlines about J.B. Hunt Transport Services

Here are the key news stories impacting J.B. Hunt Transport Services this week:

• Positive Sentiment: JBHT was added to Zacks’ “Strong Buy” momentum list, signaling improving technical and fundamental momentum. Best Momentum Stocks to Buy for July 17th
• Positive Sentiment: Analysts raised price targets after the earnings beat, including JPMorgan, Robert W. Baird, Barclays, Citigroup, and TD Cowen, reflecting confidence in the recovery and margin improvement.
• Positive Sentiment: Reports highlighted shrinking trucking capacity and a shift toward intermodal freight, which could support stronger pricing and volume trends for JBHT. J.B. Hunt Stock Could Reach $340 as Trucking Capacity Shrinks
• Positive Sentiment: JBHT was also featured on relative-strength and momentum screens, indicating that investors see it as one of the stronger names in a choppy market. 5 Top Stocks With Relative Price Strength to Buy Right Now
• Neutral Sentiment: One Zacks article cautioned that while earnings growth and estimate revisions support the rally, the stock’s premium valuation means investors should remain selective. Is JBHT Stock too Expensive or Still Attractive After Its Rally?
• Neutral Sentiment: Analysts’ consensus remains constructive, with coverage still centered around a “Moderate Buy” view.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.