J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Raised to $280.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target boosted by research analysts at JPMorgan Chase & Co. from $227.00 to $280.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 0.27% from the company’s previous close.

Several other analysts have also recently weighed in on JBHT. UBS Group lifted their price objective on shares of J.B. Hunt Transport Services from $216.00 to $221.00 and gave the stock a “neutral” rating in a research note on Thursday, April 16th. Bank of America upped their price objective on J.B. Hunt Transport Services from $225.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Morgan Stanley restated an “underweight” rating and issued a $200.00 target price (up from $190.00) on shares of J.B. Hunt Transport Services in a research report on Monday. Wall Street Zen raised J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a research note on Sunday, June 7th. Finally, TD Cowen boosted their price objective on shares of J.B. Hunt Transport Services from $209.00 to $228.00 and gave the stock a “hold” rating in a research note on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell 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 $253.65.

J.B. Hunt Transport Services Stock Performance

JBHT traded down $3.38 during trading hours on Friday, reaching $279.24. The company’s stock had a trading volume of 304,954 shares, compared to its average volume of 1,004,464. The firm has a market cap of $26.33 billion, a PE ratio of 43.29, a price-to-earnings-growth ratio of 2.05 and a beta of 1.29. The company’s 50-day moving average is $269.60 and its 200-day moving average is $234.87. J.B. Hunt Transport Services has a 52 week low of $130.12 and a 52 week high of $294.98. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Wednesday, April 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.04. The company had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.01 billion. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. J.B. Hunt Transport Services’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.17 EPS. On average, equities analysts forecast that J.B. Hunt Transport Services will post 7.29 EPS for the current year.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 4,000 shares of J.B. Hunt Transport Services stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $254.49, for a total transaction of $1,017,960.00. Following the completion of the transaction, the executive vice president owned 8,696 shares in the company, valued at approximately $2,213,045.04. The trade was a 31.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Nicholas Hobbs sold 1,272 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $250.75, for a total value of $318,954.00. Following the transaction, the chief operating officer directly owned 91,736 shares in the company, valued at approximately $23,002,802. The trade was a 1.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 18,119 shares of company stock valued at $4,736,095 over the last three months. 2.50% of the stock is currently owned by company insiders.

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

A number of institutional investors have recently added to or reduced their stakes in the company. Handelsbanken Fonder AB boosted its holdings in shares of J.B. Hunt Transport Services by 7.2% in the 2nd quarter. Handelsbanken Fonder AB now owns 23,700 shares of the transportation company’s stock worth $6,859,000 after buying an additional 1,600 shares during the last quarter. Eldred Rock Partners LLC increased its holdings in J.B. Hunt Transport Services by 6.5% during the second quarter. Eldred Rock Partners LLC now owns 84,910 shares of the transportation company’s stock worth $24,576,000 after buying an additional 5,167 shares during the last quarter. LifeGoal Investments LLC raised its position in J.B. Hunt Transport Services by 20.1% in the second quarter. LifeGoal Investments LLC now owns 1,172 shares of the transportation company’s stock worth $339,000 after acquiring an additional 196 shares during the period. Elevation Wealth Partners LLC raised its position in J.B. Hunt Transport Services by 500.0% in the second quarter. Elevation Wealth Partners LLC now owns 150 shares of the transportation company’s stock worth $43,000 after acquiring an additional 125 shares during the period. Finally, Czech National Bank boosted its stake in J.B. Hunt Transport Services by 4.2% in the second quarter. Czech National Bank now owns 21,204 shares of the transportation company’s stock valued at $6,137,000 after acquiring an additional 852 shares during the last quarter. 74.95% of the stock is owned by institutional investors.

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.