Robert W. Baird Raises J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $320.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target lifted by research analysts at Robert W. Baird from $290.00 to $320.00 in a research note issued on Thursday, Marketbeat Ratings reports. The firm presently has an “outperform” rating on the transportation company’s stock. Robert W. Baird’s price objective would indicate a potential upside of 9.81% from the stock’s current price.

JBHT has been the topic of a number of other reports. Morgan Stanley reissued an “underweight” rating and issued a $200.00 price objective (up from $190.00) on shares of J.B. Hunt Transport Services in a research note on Monday, July 6th. Truist Financial raised their target price on J.B. Hunt Transport Services from $230.00 to $280.00 and gave the stock a “hold” rating in a research note on Wednesday. Bank of America lifted their target price on J.B. Hunt Transport Services from $225.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Raymond James Financial boosted their price target on J.B. Hunt Transport Services from $299.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. increased their price target on J.B. Hunt Transport Services from $227.00 to $280.00 and gave the stock an “overweight” rating in a report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $286.30.

J.B. Hunt Transport Services Price Performance

JBHT stock opened at $291.41 on Thursday. The firm has a market cap of $27.48 billion, a price-to-earnings ratio of 41.28, a PEG ratio of 2.11 and a beta of 1.29. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.31. J.B. Hunt Transport Services has a 12-month low of $130.12 and a 12-month high of $299.76. The company’s fifty day simple moving average is $274.31 and its 200 day simple moving average is $238.25.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.20. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The business had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the prior year, the firm posted $1.31 earnings per share. The business’s quarterly revenue was up 19.4% compared to the same quarter last year. On average, analysts expect that J.B. Hunt Transport Services will post 7.54 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Brian Webb sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $284.01, for a total transaction of $426,015.00. Following the transaction, the executive vice president directly owned 15,881 shares of the company’s stock, valued at approximately $4,510,362.81. This represents a 8.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bradley W. Hicks sold 7,644 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $261.91, for a total value of $2,002,040.04. Following the completion of the transaction, the insider owned 23,982 shares in the company, valued at approximately $6,281,125.62. The trade was a 24.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 18,119 shares of company stock worth $4,736,095 over the last three months. Insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On J.B. Hunt Transport Services

Large investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its holdings in J.B. Hunt Transport Services by 45.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 56,809 shares of the transportation company’s stock worth $11,712,000 after buying an additional 17,839 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of J.B. Hunt Transport Services during the second quarter valued at about $539,000. Merit Financial Group LLC grew its holdings in shares of J.B. Hunt Transport Services by 48.6% during the fourth quarter. Merit Financial Group LLC now owns 13,849 shares of the transportation company’s stock valued at $2,692,000 after buying an additional 4,527 shares during the last quarter. HighTower Advisors LLC increased its position in shares of J.B. Hunt Transport Services by 71.7% during the fourth quarter. HighTower Advisors LLC now owns 9,684 shares of the transportation company’s stock worth $1,882,000 after acquiring an additional 4,043 shares in the last quarter. Finally, Hudson Bay Capital Management LP bought a new stake in shares of J.B. Hunt Transport Services during the third quarter worth about $6,435,000. 74.95% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services News Roundup

Here are the key news stories impacting J.B. Hunt Transport Services this week:

• Positive Sentiment: JBHT was added to Zacks’ “Strong Buy” momentum list, signaling improving technical and fundamental momentum. Best Momentum Stocks to Buy for July 17th
• Positive Sentiment: Analysts raised price targets after the earnings beat, including JPMorgan, Robert W. Baird, Barclays, Citigroup, and TD Cowen, reflecting confidence in the recovery and margin improvement.
• Positive Sentiment: Reports highlighted shrinking trucking capacity and a shift toward intermodal freight, which could support stronger pricing and volume trends for JBHT. J.B. Hunt Stock Could Reach $340 as Trucking Capacity Shrinks
• Positive Sentiment: JBHT was also featured on relative-strength and momentum screens, indicating that investors see it as one of the stronger names in a choppy market. 5 Top Stocks With Relative Price Strength to Buy Right Now
• Neutral Sentiment: One Zacks article cautioned that while earnings growth and estimate revisions support the rally, the stock’s premium valuation means investors should remain selective. Is JBHT Stock too Expensive or Still Attractive After Its Rally?
• Neutral Sentiment: Analysts’ consensus remains constructive, with coverage still centered around a “Moderate Buy” view.

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.