J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Raised to $185.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective increased by Evercore ISI from $183.00 to $185.00 in a research note published on Wednesday, Benzinga reports. Evercore ISI currently has an outperform rating on the transportation company’s stock.

A number of other brokerages also recently commented on JBHT. TD Cowen upped their target price on shares of J.B. Hunt Transport Services from $160.00 to $182.00 and gave the stock a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. dropped their price objective on J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. BMO Capital Markets reaffirmed an “outperform” rating and set a $195.00 target price on shares of J.B. Hunt Transport Services in a research report on Tuesday, September 24th. Loop Capital dropped their price target on J.B. Hunt Transport Services from $177.00 to $173.00 and set a “hold” rating on the stock in a research report on Thursday, July 18th. Finally, Susquehanna raised their price target on J.B. Hunt Transport Services from $160.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $186.78.

J.B. Hunt Transport Services Trading Up 3.1 %

Shares of NASDAQ JBHT opened at $180.15 on Wednesday. J.B. Hunt Transport Services has a fifty-two week low of $153.12 and a fifty-two week high of $219.51. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market cap of $18.59 billion, a price-to-earnings ratio of 28.60, a PEG ratio of 2.84 and a beta of 1.15. The business’s 50 day moving average price is $170.28 and its 200-day moving average price is $167.78.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.42 by $0.07. The company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.04 billion. J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. During the same quarter in the prior year, the company posted $1.80 EPS. On average, sell-side analysts expect that J.B. Hunt Transport Services will post 5.6 earnings per share 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 3,000 shares of J.B. Hunt Transport Services stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total value of $525,090.00. Following the transaction, the executive vice president now directly owns 14,150 shares of the company’s stock, valued at approximately $2,476,674.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $175.03, for a total value of $525,090.00. Following the completion of the sale, the executive vice president now directly owns 14,150 shares in the company, valued at approximately $2,476,674.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Persio V. Lisboa purchased 600 shares of the company’s stock in a transaction dated Friday, July 19th. The shares were acquired at an average price of $163.47 per share, for a total transaction of $98,082.00. Following the purchase, the director now directly owns 3,594 shares of the company’s stock, valued at approximately $587,511.18. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 2.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Jacobs Levy Equity Management Inc. lifted its stake in shares of J.B. Hunt Transport Services by 2,722.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 545,042 shares of the transportation company’s stock worth $108,600,000 after buying an additional 525,729 shares during the period. Dimensional Fund Advisors LP raised its stake in J.B. Hunt Transport Services by 25.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock worth $152,589,000 after acquiring an additional 193,684 shares during the last quarter. AQR Capital Management LLC lifted its position in J.B. Hunt Transport Services by 282.8% during the 2nd quarter. AQR Capital Management LLC now owns 173,637 shares of the transportation company’s stock worth $27,740,000 after acquiring an additional 128,283 shares during the period. Legacy Capital Wealth Partners LLC acquired a new stake in J.B. Hunt Transport Services during the 2nd quarter worth about $19,755,000. Finally, Renaissance Technologies LLC purchased a new stake in J.B. Hunt Transport Services during the 2nd quarter valued at about $16,887,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.