J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Raised to $326.00 at Susquehanna

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) had its price target lifted by analysts at Susquehanna from $290.00 to $326.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “positive” rating on the transportation company’s stock. Susquehanna’s price target points to a potential upside of 15.19% from the stock’s previous close.

A number of other equities research analysts also recently commented on JBHT. Citigroup lifted their target price on J.B. Hunt Transport Services from $236.00 to $278.00 and gave the stock a “neutral” rating in a report on Thursday. The Goldman Sachs Group increased 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 report on Wednesday, July 8th. TD Cowen raised their price target on shares of J.B. Hunt Transport Services from $209.00 to $228.00 and gave the stock a “hold” rating in a research report on Thursday, April 16th. Stifel Nicolaus lifted their price objective on shares of J.B. Hunt Transport Services from $225.00 to $261.00 and gave the company a “hold” rating in a research note on Monday. Finally, Raymond James Financial lifted their price objective on J.B. Hunt Transport Services from $255.00 to $299.00 and gave the company an “outperform” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $263.04.

Read Our Latest Stock Analysis on J.B. Hunt Transport Services

J.B. Hunt Transport Services Stock Performance

Shares of JBHT stock opened at $283.00 on Tuesday. The business has a fifty day moving average of $270.91 and a 200 day moving average of $236.04. J.B. Hunt Transport Services has a 1 year low of $130.12 and a 1 year high of $294.98. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market capitalization of $26.69 billion, a price-to-earnings ratio of 43.81, a price-to-earnings-growth ratio of 2.04 and a beta of 1.29.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) last posted its quarterly earnings results on Wednesday, April 15th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.04. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.01 billion. J.B. Hunt Transport Services had a return on equity of 17.30% and a net margin of 5.13%.The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.17 EPS. As a group, research analysts expect that J.B. Hunt Transport Services will post 7.31 earnings per share for the current year.

Insider Activity

In other J.B. Hunt Transport Services news, EVP David Keefauver sold 703 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $285.13, for a total transaction of $200,446.39. Following the completion of the transaction, the executive vice president owned 790 shares of the company’s stock, valued at $225,252.70. This represents a 47.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $426,015.00. Following the completion of the transaction, the executive vice president directly owned 15,881 shares of the company’s stock, valued at approximately $4,510,362.81. This represents a 8.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 18,119 shares of company stock worth $4,736,095. 2.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

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

About J.B. Hunt Transport Services

(Get Free Report)

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.

Further Reading

Analyst Recommendations for J.B. Hunt Transport Services (NASDAQ:JBHT)

Receive News & Ratings for J.B. Hunt Transport Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J.B. Hunt Transport Services and related companies with MarketBeat.com's FREE daily email newsletter.