J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Price Expected to Rise, Truist Financial Analyst Says

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective hoisted by equities research analysts at Truist Financial from $230.00 to $280.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the transportation company’s stock. Truist Financial’s price target suggests a potential downside of 0.31% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Susquehanna raised their price objective on shares of J.B. Hunt Transport Services from $290.00 to $326.00 and gave the stock a “positive” rating in a report on Tuesday. Citigroup started coverage on J.B. Hunt Transport Services in a report on Wednesday. They issued a “market perform” rating on the stock. Stifel Nicolaus raised their target price on J.B. Hunt Transport Services from $225.00 to $261.00 and gave the stock a “hold” rating in a report on Monday. UBS Group boosted their target price on J.B. Hunt Transport Services from $221.00 to $286.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, 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 company a “neutral” rating in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $265.22.

J.B. Hunt Transport Services Stock Down 0.8%

JBHT opened at $280.87 on Wednesday. The firm has a market cap of $26.49 billion, a price-to-earnings ratio of 43.48, a PEG ratio of 2.06 and a beta of 1.29. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26. The firm’s 50-day simple moving average is $271.66 and its 200-day simple moving average is $236.62. J.B. Hunt Transport Services has a twelve month low of $130.12 and a twelve month high of $294.98.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Wednesday, April 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.04. The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.01 billion. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the firm posted $1.17 EPS. Equities research analysts anticipate that J.B. Hunt Transport Services will post 7.32 EPS for the current fiscal year.

Insider Activity

In other J.B. Hunt Transport Services news, EVP Spencer Frazier sold 2,000 shares of J.B. Hunt Transport Services stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $258.20, for a total value of $516,400.00. Following the sale, the executive vice president owned 4,604 shares of the company’s stock, valued at $1,188,752.80. This trade represents a 30.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Darren P. Field sold 4,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $254.49, for a total value of $1,017,960.00. Following the completion of the sale, the executive vice president owned 8,696 shares in the company, valued at approximately $2,213,045.04. This trade represents a 31.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 18,119 shares of company stock worth $4,736,095. 2.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On J.B. Hunt Transport Services

Institutional investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its stake in J.B. Hunt Transport Services by 45.8% during the fourth 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 2nd quarter worth $539,000. Merit Financial Group LLC increased its holdings in 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 worth $2,692,000 after purchasing an additional 4,527 shares in the last quarter. HighTower Advisors LLC raised its position in J.B. Hunt Transport Services by 71.7% in the fourth 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 during the last quarter. Finally, Hudson Bay Capital Management LP bought a new stake in shares of J.B. Hunt Transport Services during the third quarter worth about $6,435,000. Institutional investors own 74.95% of the company’s stock.

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.