J.B. Hunt Transport Services (NASDAQ:JBHT) Given New $280.00 Price Target at Truist Financial

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price lifted by Truist Financial from $230.00 to $280.00 in a report released on Wednesday,Benzinga reports. Truist Financial currently has a hold rating on the transportation company’s stock.

A number of other research firms also recently commented on JBHT. Wall Street Zen upgraded shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a research report on Sunday, June 7th. JPMorgan Chase & Co. increased their price objective on shares of J.B. Hunt Transport Services from $227.00 to $280.00 and gave the company an “overweight” rating in a report on Friday, July 10th. Barclays upped their price objective on J.B. Hunt Transport Services from $235.00 to $270.00 and gave the company an “equal weight” rating in a report on Thursday, June 25th. Weiss Ratings lowered shares of J.B. Hunt Transport Services from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Finally, TD Cowen upped their price target on J.B. Hunt Transport Services from $209.00 to $228.00 and gave the company a “hold” rating in a report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and a consensus target price of $265.22.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ JBHT opened at $276.28 on Wednesday. The stock has a 50 day simple moving average of $272.26 and a 200-day simple moving average of $237.17. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. The company has a market cap of $26.05 billion, a PE ratio of 42.77, a P/E/G ratio of 2.04 and a beta of 1.29. J.B. Hunt Transport Services has a 12-month low of $130.12 and a 12-month high of $294.98.

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. The company had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.26 billion. J.B. Hunt Transport Services had a return on equity of 17.30% and a net margin of 5.13%.The company’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period last year, the company earned $1.31 earnings per share. On average, equities research analysts forecast that J.B. Hunt Transport Services will post 7.32 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were given a dividend of $0.45 per share. The ex-dividend date was Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 27.86%.

Insiders Place Their Bets

In related news, EVP Spencer Frazier sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $258.20, for a total transaction of $516,400.00. Following the transaction, the executive vice president directly owned 4,604 shares of the company’s stock, valued at approximately $1,188,752.80. The trade was a 30.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP David Keefauver sold 703 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $285.13, for a total transaction of $200,446.39. Following the completion of the transaction, the executive vice president owned 790 shares in the company, valued at approximately $225,252.70. This represents a 47.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 18,119 shares of company stock valued at $4,736,095 over the last ninety days. Insiders own 2.50% of the company’s stock.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Summitry LLC boosted its position in J.B. Hunt Transport Services by 2.9% during the first quarter. Summitry LLC now owns 1,560 shares of the transportation company’s stock valued at $331,000 after acquiring an additional 44 shares during the last quarter. Keybank National Association OH raised its position in shares of J.B. Hunt Transport Services by 2.7% in the 1st quarter. Keybank National Association OH now owns 1,765 shares of the transportation company’s stock worth $374,000 after acquiring an additional 46 shares in the last quarter. Root Financial Partners LLC lifted its stake in shares of J.B. Hunt Transport Services by 25.4% in the 4th quarter. Root Financial Partners LLC now owns 232 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 47 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in shares of J.B. Hunt Transport Services by 0.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 8,622 shares of the transportation company’s stock valued at $1,827,000 after purchasing an additional 47 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its position in shares of J.B. Hunt Transport Services by 34.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 48 shares in the last quarter. Institutional investors own 74.95% of the company’s stock.

Key Headlines Impacting J.B. Hunt Transport Services

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

• Positive Sentiment: Second-quarter EPS came in at $1.91, ahead of the $1.71 consensus, while revenue reached $3.50 billion versus expectations of $3.26 billion, showing better-than-expected demand and pricing. Business Wire earnings release
• Positive Sentiment: Net earnings rose to $181 million from $128.6 million a year ago, and the company said its largest segment posted a 22% revenue increase and 10% volume growth, signaling an improving freight environment. WSJ report
• Positive Sentiment: Several analysts raised price targets ahead of and after the report, including Susquehanna to $326 and Truist to $280, reflecting improved sentiment around JBHT’s earnings power. Analyst updates via Benzinga
• Neutral Sentiment: MarketWatch noted the stock underperformed some transportation peers on Wednesday, suggesting investors may be weighing the strong earnings against broader sector moves and valuation. MarketWatch comparison

About J.B. Hunt Transport Services

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.