J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Raised to $313.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price upped by JPMorgan Chase & Co. from $280.00 to $313.00 in a research note issued to investors on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the transportation company’s stock.

JBHT has been the topic of several other research reports. Evercore restated an “outperform” rating and set a $248.00 target price on shares of J.B. Hunt Transport Services in a research report on Monday, May 11th. UBS Group raised their target price on J.B. Hunt Transport Services from $286.00 to $291.00 and gave the stock a “neutral” rating in a research note on Thursday. BMO Capital Markets reaffirmed an “outperform” rating on shares of J.B. Hunt Transport Services in a report on Thursday. TD Cowen upped their price target on J.B. Hunt Transport Services from $265.00 to $297.00 and gave the company a “hold” rating in a research report on Thursday. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of J.B. Hunt Transport Services in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $286.30.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT opened at $291.41 on Thursday. The firm has a market cap of $27.48 billion, a P/E ratio of 41.28, a price-to-earnings-growth ratio of 2.06 and a beta of 1.29. 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 company’s 50 day moving average is $274.31 and its 200-day moving average is $238.25. J.B. Hunt Transport Services has a 12-month low of $130.12 and a 12-month high of $299.76.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.71 by $0.20. The company had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.26 billion. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. J.B. Hunt Transport Services’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period last year, the firm earned $1.31 EPS. Sell-side analysts predict that J.B. Hunt Transport Services will post 7.6 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.80 annualized dividend and a yield of 0.6%. J.B. Hunt Transport Services’s payout ratio is 27.86%.

Insider Transactions at J.B. Hunt Transport Services

In other news, EVP Brian Webb sold 1,500 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $284.01, for a total transaction of $426,015.00. Following the transaction, the executive vice president directly owned 15,881 shares in the company, valued at approximately $4,510,362.81. This represents a 8.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Spencer Frazier sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $258.20, for a total value of $516,400.00. Following the transaction, the executive vice president directly owned 4,604 shares in the company, valued at approximately $1,188,752.80. This represents a 30.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 18,119 shares of company stock worth $4,736,095. Company insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in J.B. Hunt Transport Services by 74.3% during 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 buying an additional 6,668 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of J.B. Hunt Transport Services by 3.3% during 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 increased 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 worth $262,000 after buying an additional 385 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of J.B. Hunt Transport Services in the second quarter worth about $539,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of J.B. Hunt Transport Services by 21.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 583 shares of the transportation company’s stock valued at $84,000 after acquiring an additional 101 shares during the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services News Roundup

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.