J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Raised to $309.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target upped by Citigroup from $278.00 to $309.00 in a research note published on Thursday,Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

JBHT has been the topic of a number of other research reports. The Goldman Sachs Group set a $261.00 price objective on J.B. Hunt Transport Services in a research note on Thursday. Wells Fargo & Company raised their target price on J.B. Hunt Transport Services from $310.00 to $335.00 and gave the company an “overweight” rating in a report on Thursday. Evercore reissued an “outperform” rating and set a $248.00 price target on shares of J.B. Hunt Transport Services in a research report on Monday, May 11th. Barclays upped their price target on J.B. Hunt Transport Services from $270.00 to $300.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of J.B. Hunt Transport Services in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $286.30.

J.B. Hunt Transport Services Price Performance

J.B. Hunt Transport Services stock opened at $291.41 on Thursday. The firm has a fifty day moving average of $274.31 and a 200-day moving average of $238.25. J.B. Hunt Transport Services has a 52-week low of $130.12 and a 52-week high of $299.76. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $27.48 billion, a P/E ratio of 41.28, a PEG ratio of 2.06 and a beta of 1.29.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results 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. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The business had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the previous year, the business posted $1.31 EPS. The business’s quarterly revenue was up 19.4% on a year-over-year basis. As a group, analysts predict that J.B. Hunt Transport Services will post 7.6 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently declared 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 yield of 0.6%. J.B. Hunt Transport Services’s dividend payout ratio is currently 27.86%.

Insider Activity

In other news, EVP Brian Webb sold 1,500 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 15,881 shares of the company’s stock, valued at approximately $4,510,362.81. This trade represents a 8.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bradley W. Hicks sold 7,644 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $261.91, for a total transaction of $2,002,040.04. Following the completion of the sale, the insider directly owned 23,982 shares in the company, valued at $6,281,125.62. This represents a 24.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 18,119 shares of company stock worth $4,736,095 over the last quarter. Corporate insiders own 2.50% of the company’s stock.

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

A number of institutional investors have recently modified their holdings of the stock. Elevation Wealth Partners LLC raised its stake in J.B. Hunt Transport Services by 500.0% during the second quarter. Elevation Wealth Partners LLC now owns 150 shares of the transportation company’s stock valued at $43,000 after buying an additional 125 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of J.B. Hunt Transport Services in the 4th quarter worth approximately $32,000. Whittier Trust Co. grew its position in shares of J.B. Hunt Transport Services by 39.1% in the 4th quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock worth $37,000 after acquiring an additional 50 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in shares of J.B. Hunt Transport Services by 34.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 48 shares during the last quarter. Finally, Activest Wealth Management increased its holdings in shares of J.B. Hunt Transport Services by 19,800.0% in the 4th quarter. Activest Wealth Management now owns 199 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 198 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

Key J.B. Hunt Transport Services News

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.