J.B. Hunt Transport Services (NASDAQ:JBHT) Research Coverage Started at Citizens Jmp

Citizens Jmp assumed coverage on shares of J.B. Hunt Transport Services (NASDAQ:JBHT) in a research note issued to investors on Wednesday, MarketBeat reports. The firm issued a market perform rating on the transportation company’s stock.

A number of other brokerages have also weighed in on JBHT. Susquehanna upped 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 research report on Tuesday. 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. BMO Capital Markets boosted their price target on shares of J.B. Hunt Transport Services from $250.00 to $320.00 and gave the stock an “outperform” rating in a research note on Friday, June 5th. Barclays increased their price objective on shares of 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. Finally, The Goldman Sachs Group raised their price objective on J.B. Hunt Transport Services from $212.00 to $239.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. One research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $286.30.

J.B. Hunt Transport Services Stock Down 2.3%

NASDAQ JBHT opened at $291.41 on Wednesday. The stock’s 50 day moving average is $274.31 and its 200 day moving average is $238.25. 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 has a 12 month low of $130.12 and a 12 month high of $299.76. The stock has a market cap of $27.48 billion, a PE ratio of 41.28, a P/E/G ratio of 2.11 and a beta of 1.29.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results 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 business had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the prior year, the company posted $1.31 EPS. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. Research analysts predict that J.B. Hunt Transport Services will post 7.54 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors 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 dividend on an annualized basis and a dividend yield of 0.6%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 27.86%.

Insider Buying and Selling

In related news, EVP Spencer Frazier sold 2,000 shares of the company’s stock in a transaction 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 sale, the executive vice president 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Brian Webb sold 1,500 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $284.01, for a total transaction of $426,015.00. Following the transaction, the executive vice president owned 15,881 shares of the company’s stock, valued at $4,510,362.81. This trade represents a 8.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 18,119 shares of company stock valued at $4,736,095 in the last three months. Corporate insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC increased its position in shares of J.B. Hunt Transport Services by 45.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 56,809 shares of the transportation company’s stock worth $11,712,000 after acquiring an additional 17,839 shares during the period. Sivia Capital Partners LLC purchased a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at approximately $539,000. Merit Financial Group LLC grew its stake in J.B. Hunt Transport Services by 48.6% in the fourth quarter. Merit Financial Group LLC now owns 13,849 shares of the transportation company’s stock worth $2,692,000 after purchasing an additional 4,527 shares in the last quarter. HighTower Advisors LLC grew its stake in J.B. Hunt Transport Services by 71.7% in the fourth quarter. HighTower Advisors LLC now owns 9,684 shares of the transportation company’s stock worth $1,882,000 after purchasing an additional 4,043 shares in the last quarter. Finally, Hudson Bay Capital Management LP purchased a new position in J.B. Hunt Transport Services during the 3rd quarter worth $6,435,000. Institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services News Roundup

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.