J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Raised to $313.00 at JPMorgan Chase & Co.

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target increased by stock analysts at JPMorgan Chase & Co. from $280.00 to $313.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 5.95% from the stock’s previous close.

Several other analysts also recently commented on the company. Citigroup began coverage on J.B. Hunt Transport Services in a research note on Wednesday. They set a “market perform” rating on the stock. 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. Weiss Ratings cut J.B. Hunt Transport Services from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, April 24th. Evercore reiterated an “outperform” rating and issued a $248.00 price objective on shares of J.B. Hunt Transport Services in a research report on Monday, May 11th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of J.B. Hunt Transport Services in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $284.96.

J.B. Hunt Transport Services Trading Up 6.9%

NASDAQ JBHT traded up $19.15 during trading on Thursday, reaching $295.43. 1,664,309 shares of the stock traded hands, compared to its average volume of 1,015,562. J.B. Hunt Transport Services has a fifty-two week low of $130.12 and a fifty-two 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 0.36. The firm has a market cap of $27.86 billion, a price-to-earnings ratio of 45.73, a price-to-earnings-growth ratio of 2.04 and a beta of 1.29. The stock’s 50-day moving average price is $272.26 and its 200 day moving average price is $237.17.

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, topping the consensus estimate 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 net margin of 5.13% and a return on equity of 17.30%. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period last year, the business posted $1.31 earnings per share. Analysts predict that J.B. Hunt Transport Services will post 7.32 EPS for the current year.

Insiders Place Their Bets

In related news, EVP David Keefauver sold 703 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $285.13, for a total value of $200,446.39. Following the completion of the transaction, the executive vice president owned 790 shares of the company’s stock, valued at approximately $225,252.70. This trade represents a 47.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Spencer Frazier sold 2,000 shares of J.B. Hunt Transport Services 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 completion of the sale, the executive vice president owned 4,604 shares in the company, valued at $1,188,752.80. The trade was a 30.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 18,119 shares of company stock valued at $4,736,095 over the last 90 days. 2.50% of the stock is currently owned by company insiders.

Institutional Trading of J.B. Hunt Transport Services

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC boosted its position in shares of J.B. Hunt Transport Services by 45.8% during the 4th 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 in the last quarter. Sivia Capital Partners LLC bought a new stake in J.B. Hunt Transport Services during the second quarter worth $539,000. Merit Financial Group LLC boosted its holdings in shares of J.B. Hunt Transport Services by 48.6% in the 4th quarter. Merit Financial Group LLC now owns 13,849 shares of the transportation company’s stock valued at $2,692,000 after purchasing an additional 4,527 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of J.B. Hunt Transport Services by 71.7% in the 4th quarter. HighTower Advisors LLC now owns 9,684 shares of the transportation company’s stock valued at $1,882,000 after purchasing an additional 4,043 shares in the last quarter. Finally, Hudson Bay Capital Management LP bought a new position in shares of J.B. Hunt Transport Services in the 3rd quarter valued at $6,435,000. 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: J.B. Hunt beat estimates on both earnings and revenue, reporting EPS of $1.91 versus $1.71 expected and revenue of $3.50 billion versus $3.26 billion expected, a sign that demand and pricing are holding up better than anticipated. Article title
• Positive Sentiment: Profit and volumes improved meaningfully, with net earnings rising to $181 million from $128.6 million a year ago and the company highlighting record intermodal volumes, suggesting stronger core business momentum. Article title
• Positive Sentiment: Several analysts raised price targets after the report, including Robert W. Baird to $320 and Barclays to $300, reinforcing confidence that the earnings beat and operating trends may support further upside. Article title
• Neutral Sentiment: J.B. Hunt was also highlighted in market commentary and momentum-stock screens, which may add to investor interest but does not change the underlying fundamentals. Article title
• Neutral Sentiment: TD Cowen, Truist, and Citizens JMP all adjusted coverage or price targets, but most maintained neutral-type ratings, indicating analysts are acknowledging better results without turning broadly bullish. Article title

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.