J.B. Hunt Transport Services (NASDAQ:JBHT – Get Free Report) had its price target increased by Stifel Nicolaus from $225.00 to $261.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ price target indicates a potential downside of 6.77% from the stock’s current price.
JBHT has been the topic of a number of other reports. The Goldman Sachs Group boosted their price target on shares of J.B. Hunt Transport Services from $212.00 to $239.00 and gave the stock a “neutral” rating in a research note on Wednesday. Susquehanna increased their target price on shares of J.B. Hunt Transport Services from $250.00 to $290.00 and gave the stock a “positive” rating in a report on Wednesday, April 22nd. UBS Group raised 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 research report on Thursday, April 16th. Robert W. Baird boosted their price target on shares of J.B. Hunt Transport Services from $275.00 to $290.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 17th. Finally, Wells Fargo & Company upped their price objective on J.B. Hunt Transport Services from $250.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $256.09.
View Our Latest Stock Report on J.B. Hunt Transport Services
J.B. Hunt Transport Services Stock Performance
J.B. Hunt Transport Services (NASDAQ:JBHT – Get Free Report) last posted its quarterly earnings data on Wednesday, April 15th. The transportation company reported $1.49 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter last year, the company posted $1.17 EPS. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. On average, analysts predict that J.B. Hunt Transport Services will post 7.31 EPS for the current year.
Insider Activity at J.B. Hunt Transport Services
In related news, 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 value of $426,015.00. Following the transaction, the executive vice president directly 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP David Keefauver sold 703 shares of the business’s stock in a transaction on Friday, June 5th. The shares were 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 18,119 shares of company stock valued at $4,736,095 in the last quarter. 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 company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of J.B. Hunt Transport Services by 74.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,643 shares of the transportation company’s stock valued at $2,314,000 after acquiring an additional 6,668 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of J.B. Hunt Transport Services by 3.3% in the first quarter. Goldman Sachs Group Inc. now owns 433,661 shares of the transportation company’s stock valued at $64,160,000 after buying an additional 13,729 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of J.B. Hunt Transport Services by 27.8% in the first quarter. Empowered Funds LLC now owns 1,770 shares of the transportation company’s stock valued at $262,000 after buying an additional 385 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of J.B. Hunt Transport Services during the second quarter worth about $539,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of J.B. Hunt Transport Services by 21.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 583 shares of the transportation company’s stock worth $84,000 after buying an additional 101 shares during the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.
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.
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