J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Raised to $320.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price increased by Robert W. Baird from $290.00 to $320.00 in a research note issued to investors on Thursday morning, Marketbeat reports. The brokerage currently has an outperform rating on the transportation company’s stock.

Other equities analysts also recently issued research reports about the company. Raymond James Financial upped their price target 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. Weiss Ratings downgraded shares of J.B. Hunt Transport Services from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, April 24th. Citizens Jmp assumed coverage on shares of J.B. Hunt Transport Services in a research report on Wednesday. They issued a “market perform” rating on the stock. Susquehanna increased their target price on shares of J.B. Hunt Transport Services from $290.00 to $326.00 and gave the stock a “positive” rating in a report on Tuesday, July 14th. Finally, The Goldman Sachs Group increased their target price on shares of J.B. Hunt Transport Services from $212.00 to $239.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $286.30.

J.B. Hunt Transport Services Price Performance

JBHT stock opened at $291.41 on Thursday. The stock has a 50-day moving average price of $274.31 and a two-hundred day moving average price of $238.25. J.B. Hunt Transport Services has a 1 year low of $130.12 and a 1 year high of $299.76. The stock has a market cap of $27.48 billion, a PE ratio of 41.28, a price-to-earnings-growth ratio of 2.06 and a beta of 1.29. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31.

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

J.B. Hunt Transport Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Friday, May 8th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 27.86%.

Insider Activity

In other news, insider Bradley W. Hicks sold 7,644 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $261.91, for a total transaction of $2,002,040.04. Following the sale, the insider owned 23,982 shares in the company, valued at $6,281,125.62. This represents a 24.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Nicholas Hobbs sold 1,272 shares of the stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $250.75, for a total value of $318,954.00. Following the completion of the sale, the chief operating officer directly owned 91,736 shares of the company’s stock, valued at approximately $23,002,802. The trade was a 1.37% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 18,119 shares of company stock worth $4,736,095. Corporate insiders own 2.50% of the company’s stock.

Institutional Trading of J.B. Hunt Transport Services

Large investors have recently added to or reduced their stakes in the company. Regent Peak Wealth Advisors LLC bought a new position in shares of J.B. Hunt Transport Services in the 2nd quarter valued at about $230,000. Tema ETFs LLC raised its holdings in shares of J.B. Hunt Transport Services by 6.4% in the 2nd quarter. Tema ETFs LLC now owns 2,425 shares of the transportation company’s stock valued at $702,000 after purchasing an additional 145 shares during the period. Handelsbanken Fonder AB lifted its stake in J.B. Hunt Transport Services by 7.2% in the 2nd quarter. Handelsbanken Fonder AB now owns 23,700 shares of the transportation company’s stock valued at $6,859,000 after purchasing an additional 1,600 shares during the last quarter. Eldred Rock Partners LLC lifted its stake in J.B. Hunt Transport Services by 6.5% in the 2nd quarter. Eldred Rock Partners LLC now owns 84,910 shares of the transportation company’s stock valued at $24,576,000 after purchasing an additional 5,167 shares during the last quarter. Finally, LifeGoal Investments LLC grew its holdings in J.B. Hunt Transport Services by 20.1% during the second quarter. LifeGoal Investments LLC now owns 1,172 shares of the transportation company’s stock worth $339,000 after purchasing an additional 196 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services News Summary

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.