J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Raised to $280.00

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

A number of other equities analysts have also recently commented on JBHT. Citigroup started coverage on J.B. Hunt Transport Services in a report on Wednesday. They issued a “market perform” rating for the company. Wall Street Zen upgraded J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a report on Sunday, June 7th. Stifel Nicolaus raised their price target on J.B. Hunt Transport Services from $225.00 to $261.00 and gave the stock a “hold” rating in a research report on Monday, July 13th. Argus set a $285.00 price target on J.B. Hunt Transport Services in a research report on Monday, April 20th. Finally, Benchmark lifted their price objective on shares of J.B. Hunt Transport Services from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $286.30.

J.B. Hunt Transport Services Stock Down 2.3%

Shares of NASDAQ:JBHT opened at $291.41 on Wednesday. The company has a market cap of $27.48 billion, a price-to-earnings ratio of 41.28, a PEG ratio of 2.11 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 $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 50-day moving average price of $274.31 and a 200 day moving average price of $238.25.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $3.26 billion. During the same period in the previous year, the firm posted $1.31 earnings per share. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. As a group, equities research analysts predict that J.B. Hunt Transport Services will post 7.54 earnings per share for the current 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 paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.6%. J.B. Hunt Transport Services’s dividend payout ratio is currently 27.86%.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP David Keefauver sold 703 shares of the firm’s 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Spencer Frazier sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $258.20, for a total value of $516,400.00. Following the sale, the executive vice president directly owned 4,604 shares of the company’s stock, valued at $1,188,752.80. This represents a 30.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 18,119 shares of company stock valued at $4,736,095. Company insiders own 2.50% of the company’s stock.

Institutional Trading of J.B. Hunt Transport Services

A number of large investors have recently made changes to their positions in the stock. CYBER HORNET ETFs LLC bought a new stake in J.B. Hunt Transport Services during the 2nd quarter valued at about $31,000. International Assets Investment Management LLC bought a new position in J.B. Hunt Transport Services in the 4th quarter worth about $32,000. MUFG Securities EMEA plc bought a new position in J.B. Hunt Transport Services in the 2nd quarter worth about $34,000. Whittier Trust Co. increased its position in shares of J.B. Hunt Transport Services by 39.1% during the fourth quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock worth $37,000 after acquiring an additional 50 shares during the period. Finally, CIBC Private Wealth Group LLC increased its position in shares of J.B. Hunt Transport Services by 34.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock worth $37,000 after acquiring an additional 48 shares during the period. 74.95% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting 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.

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.