Susquehanna Issues Positive Forecast for J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Price

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price hoisted by Susquehanna from $250.00 to $290.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has a positive rating on the transportation company’s stock.

Other equities research analysts have also recently issued research reports about the stock. Argus set a $285.00 price target on shares of J.B. Hunt Transport Services in a report on Monday. Bank of America increased their price target on shares of J.B. Hunt Transport Services from $225.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Truist Financial increased their price target on shares of J.B. Hunt Transport Services from $205.00 to $230.00 and gave the company a “hold” rating in a report on Thursday, April 16th. Wells Fargo & Company increased their price target on shares of J.B. Hunt Transport Services from $225.00 to $250.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Finally, UBS Group increased their price target on shares of J.B. Hunt Transport Services from $216.00 to $221.00 and gave the company a “neutral” rating in a report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $227.04.

J.B. Hunt Transport Services Trading Down 1.6%

NASDAQ:JBHT opened at $247.03 on Wednesday. The company’s 50 day moving average price is $219.79 and its 200-day moving average price is $197.49. J.B. Hunt Transport Services has a 52 week low of $126.05 and a 52 week high of $256.18. The company has a quick ratio of 0.81, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The stock has a market cap of $23.37 billion, a price-to-earnings ratio of 38.24, a PEG ratio of 1.87 and a beta of 1.22.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Wednesday, April 15th. The transportation company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.04. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. The firm had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the prior year, the company posted $1.17 earnings per share. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, equities research analysts forecast that J.B. Hunt Transport Services will post 7.25 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, Director James K. Thompson sold 1,000 shares of the stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $254.28, for a total value of $254,280.00. Following the transaction, the director directly owned 19,559 shares in the company, valued at approximately $4,973,462.52. This trade represents a 4.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bradley W. Hicks sold 4,028 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $225.13, for a total transaction of $906,823.64. Following the completion of the transaction, the insider owned 30,395 shares in the company, valued at $6,842,826.35. The trade was a 11.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 19,869 shares of company stock valued at $4,504,707. 2.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Apollon Wealth Management LLC raised its position in J.B. Hunt Transport Services by 50.0% in the first quarter. Apollon Wealth Management LLC now owns 1,995 shares of the transportation company’s stock worth $423,000 after acquiring an additional 665 shares during the period. Patton Fund Management Inc. raised its position in shares of J.B. Hunt Transport Services by 987.3% during the 1st quarter. Patton Fund Management Inc. now owns 12,982 shares of the transportation company’s stock valued at $2,751,000 after purchasing an additional 11,788 shares during the period. Adams Diversified Equity Fund Inc. bought a new stake in shares of J.B. Hunt Transport Services during the 1st quarter valued at $22,694,000. Venturi Wealth Management LLC raised its position in shares of J.B. Hunt Transport Services by 13.2% during the 1st quarter. Venturi Wealth Management LLC now owns 2,596 shares of the transportation company’s stock valued at $550,000 after purchasing an additional 303 shares during the period. Finally, Louisiana State Employees Retirement System bought a new stake in shares of J.B. Hunt Transport Services during the 1st quarter valued at $805,000. 74.95% of the stock is currently owned by institutional investors.

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.