Q4 2022 EPS Estimates for J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Lifted by Analyst

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTGet Rating) – Equities research analysts at KeyCorp raised their Q4 2022 earnings per share estimates for J.B. Hunt Transport Services in a note issued to investors on Monday, April 18th. KeyCorp analyst T. Fowler now expects that the transportation company will post earnings per share of $2.49 for the quarter, up from their previous estimate of $2.46. KeyCorp has a “Overweight” rating and a $220.00 price target on the stock.

A number of other research analysts also recently weighed in on the stock. Vertical Research upgraded shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a research report on Wednesday, March 2nd. JPMorgan Chase & Co. decreased their price objective on shares of J.B. Hunt Transport Services from $203.00 to $187.00 and set a “neutral” rating for the company in a research report on Friday, April 8th. Wolfe Research cut their target price on shares of J.B. Hunt Transport Services from $242.00 to $220.00 and set an “outperform” rating for the company in a research note on Tuesday, April 5th. Zacks Investment Research cut shares of J.B. Hunt Transport Services from a “buy” rating to a “hold” rating and set a $208.00 target price for the company. in a research note on Monday, March 14th. Finally, Morgan Stanley boosted their target price on shares of J.B. Hunt Transport Services from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, J.B. Hunt Transport Services has a consensus rating of “Buy” and a consensus target price of $212.00.

Shares of J.B. Hunt Transport Services stock opened at $172.56 on Thursday. The firm has a 50-day simple moving average of $193.19 and a two-hundred day simple moving average of $193.87. The company has a market cap of $18.12 billion, a P/E ratio of 24.17, a price-to-earnings-growth ratio of 1.32 and a beta of 1.04. J.B. Hunt Transport Services has a fifty-two week low of $155.11 and a fifty-two week high of $218.18. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.32 and a current ratio of 1.34.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Rating) last issued its quarterly earnings data on Monday, April 18th. The transportation company reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.35. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.32 billion. J.B. Hunt Transport Services had a net margin of 6.25% and a return on equity of 26.32%. The company’s revenue was up 33.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.37 earnings per share.

Hedge funds have recently modified their holdings of the company. Robeco Institutional Asset Management B.V. lifted its holdings in shares of J.B. Hunt Transport Services by 1.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 112,972 shares of the transportation company’s stock worth $23,093,000 after acquiring an additional 1,823 shares during the last quarter. Hartford Investment Management Co. grew its stake in shares of J.B. Hunt Transport Services by 8.0% in the fourth quarter. Hartford Investment Management Co. now owns 8,557 shares of the transportation company’s stock worth $1,749,000 after acquiring an additional 632 shares in the last quarter. National Asset Management Inc. purchased a new stake in shares of J.B. Hunt Transport Services during the fourth quarter worth $295,000. Los Angeles Capital Management LLC raised its stake in shares of J.B. Hunt Transport Services by 290.8% in the fourth quarter. Los Angeles Capital Management LLC now owns 14,183 shares of the transportation company’s stock valued at $2,899,000 after acquiring an additional 10,554 shares in the last quarter. Finally, BOKF NA purchased a new position in J.B. Hunt Transport Services in the third quarter valued at $3,724,000. Hedge funds and other institutional investors own 71.71% of the company’s stock.

In other J.B. Hunt Transport Services news, EVP Bradley W. Hicks sold 800 shares of the business’s stock in a transaction dated Monday, March 7th. The shares were sold at an average price of $204.94, for a total value of $163,952.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Eric Mcgee sold 1,765 shares of the business’s stock in a transaction dated Wednesday, February 9th. The shares were sold at an average price of $194.34, for a total transaction of $343,010.10. The disclosure for this sale can be found here. Insiders sold a total of 8,038 shares of company stock worth $1,563,251 over the last quarter. 3.10% of the stock is currently owned by company insiders.

J.B. Hunt Transport Services Company Profile (Get Rating)

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in North America. 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.

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