Truist Financial Raises J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $155.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective hoisted by investment analysts at Truist Financial from $145.00 to $155.00 in a research report issued to clients and investors on Thursday, MarketBeat reports. The brokerage presently has a “hold” rating on the transportation company’s stock. Truist Financial’s target price suggests a potential downside of 5.98% from the stock’s current price.

Several other analysts have also recently commented on JBHT. Bank of America raised their price objective on shares of J.B. Hunt Transport Services from $153.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday. Stifel Nicolaus raised their target price on shares of J.B. Hunt Transport Services from $140.00 to $147.00 and gave the company a “hold” rating in a report on Thursday. Wells Fargo & Company raised their target price on shares of J.B. Hunt Transport Services from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday. Sanford C. Bernstein set a $172.00 target price on shares of J.B. Hunt Transport Services in a report on Thursday. Finally, TD Cowen raised their target price on shares of J.B. Hunt Transport Services from $140.00 to $152.00 and gave the company a “hold” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $165.55.

J.B. Hunt Transport Services Stock Down 2.8%

Shares of NASDAQ JBHT opened at $164.85 on Thursday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.25. J.B. Hunt Transport Services has a 52 week low of $122.79 and a 52 week high of $200.40. The firm has a 50-day moving average price of $141.14 and a 200 day moving average price of $141.14. The stock has a market capitalization of $15.96 billion, a price-to-earnings ratio of 28.57, a price-to-earnings-growth ratio of 2.68 and a beta of 1.24.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Wednesday, October 15th. The transportation company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.46 by $0.30. J.B. Hunt Transport Services had a net margin of 4.75% and a return on equity of 15.16%. The firm had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same quarter last year, the business earned $1.49 earnings per share. The business’s revenue for the quarter was down .5% compared to the same quarter last year. Equities research analysts anticipate that J.B. Hunt Transport Services will post 6.37 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Eric Mcgee bought 1,148 shares of J.B. Hunt Transport Services stock in a transaction dated Monday, August 4th. The shares were acquired at an average cost of $140.76 per share, with a total value of $161,592.48. Following the completion of the transaction, the executive vice president owned 7,397 shares in the company, valued at approximately $1,041,201.72. This trade represents a 18.37% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David Keefauver sold 989 shares of the business’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $151.97, for a total transaction of $150,298.33. Following the transaction, the executive vice president directly owned 946 shares in the company, valued at approximately $143,763.62. The trade was a 51.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in JBHT. SG Americas Securities LLC lifted its position in shares of J.B. Hunt Transport Services by 179.8% during the first quarter. SG Americas Securities LLC now owns 3,990 shares of the transportation company’s stock worth $590,000 after purchasing an additional 2,564 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of J.B. Hunt Transport Services by 8.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,596 shares of the transportation company’s stock worth $976,000 after purchasing an additional 494 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in J.B. Hunt Transport Services by 13.2% in the first quarter. Exchange Traded Concepts LLC now owns 731 shares of the transportation company’s stock valued at $108,000 after acquiring an additional 85 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in J.B. Hunt Transport Services by 2.5% in the first quarter. State of Alaska Department of Revenue now owns 9,308 shares of the transportation company’s stock valued at $1,377,000 after acquiring an additional 225 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in J.B. Hunt Transport Services in the first quarter valued at $349,000. 74.95% of the stock is owned by institutional investors and hedge funds.

About J.B. Hunt Transport Services

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.