Stifel Nicolaus Forecasts Strong Price Appreciation for J.B. Hunt Transport Services (NASDAQ:JBHT) Stock

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective increased by research analysts at Stifel Nicolaus from $201.00 to $205.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ target price suggests a potential downside of 4.61% from the stock’s previous close.

Several other equities research analysts also recently issued reports on JBHT. Evercore set a $222.00 price target on J.B. Hunt Transport Services in a report on Friday, January 16th. TD Cowen reaffirmed a “hold” rating on shares of J.B. Hunt Transport Services in a report on Monday, January 12th. Argus upgraded shares of J.B. Hunt Transport Services to a “strong-buy” rating in a research note on Thursday, January 22nd. Truist Financial increased their target price on shares of J.B. Hunt Transport Services from $155.00 to $205.00 and gave the company a “hold” rating in a report on Thursday, January 15th. Finally, Vertical Research lowered shares of J.B. Hunt Transport Services from a “strong-buy” rating to a “hold” rating and set a $200.00 price target on the stock. in a research report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $205.45.

J.B. Hunt Transport Services Stock Performance

Shares of J.B. Hunt Transport Services stock opened at $214.91 on Thursday. The stock has a market capitalization of $20.33 billion, a PE ratio of 35.00, a price-to-earnings-growth ratio of 1.76 and a beta of 1.22. J.B. Hunt Transport Services has a 52 week low of $122.79 and a 52 week high of $236.00. The stock has a 50 day moving average price of $215.66 and a two-hundred day moving average price of $188.13. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.81 and a current ratio of 0.83.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Thursday, January 15th. The transportation company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.09. J.B. Hunt Transport Services had a return on equity of 16.33% and a net margin of 4.99%.The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period in the prior year, the firm earned $1.53 earnings per share. J.B. Hunt Transport Services’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, equities analysts anticipate that J.B. Hunt Transport Services will post 6.37 earnings per share for the current fiscal year.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, SVP Jennifer Boattini sold 2,238 shares of the business’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $232.00, for a total value of $519,216.00. Following the sale, the senior vice president directly owned 16,650 shares of the company’s stock, valued at approximately $3,862,800. The trade was a 11.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Nicholas Hobbs sold 3,038 shares of the stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $201.97, for a total transaction of $613,584.86. Following the sale, the chief operating officer directly owned 90,318 shares in the company, valued at $18,241,526.46. This trade represents a 3.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 25,945 shares of company stock valued at $5,656,495 in the last ninety days. Corporate insiders own 2.50% of the company’s stock.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Root Financial Partners LLC purchased a new position in J.B. Hunt Transport Services during the 3rd quarter valued at approximately $25,000. Cromwell Holdings LLC increased its stake in J.B. Hunt Transport Services by 52.2% during the third quarter. Cromwell Holdings LLC now owns 207 shares of the transportation company’s stock worth $28,000 after acquiring an additional 71 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in J.B. Hunt Transport Services by 41.5% during the third quarter. Parkside Financial Bank & Trust now owns 225 shares of the transportation company’s stock worth $30,000 after acquiring an additional 66 shares during the last quarter. Hantz Financial Services Inc. raised its position in J.B. Hunt Transport Services by 52.8% during the third quarter. Hantz Financial Services Inc. now owns 220 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 76 shares during the period. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter valued at approximately $31,000. Institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Company Profile

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.