Brokerages Set J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Target Price at $286.30

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) have been given a consensus rating of “Moderate Buy” by the twenty-six research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation, thirteen have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $286.3043.

JBHT has been the topic of a number of research reports. Benchmark raised their target price on shares of J.B. Hunt Transport Services from $250.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Raymond James Financial increased their price objective on J.B. Hunt Transport Services from $299.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday. Bank of America raised their price objective 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. Wall Street Zen raised J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a research report on Sunday, June 7th. Finally, Citigroup upped their target price on J.B. Hunt Transport Services from $278.00 to $309.00 and gave the stock a “neutral” rating in a report on Thursday.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT opened at $291.41 on Friday. The stock has a market cap of $27.48 billion, a PE ratio of 41.28, a PEG ratio of 1.87 and a beta of 1.29. J.B. Hunt Transport Services has a 12 month low of $130.12 and a 12 month high of $299.76. The company’s 50-day moving average price is $274.31 and its 200-day moving average price is $238.54. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.20. The company had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.26 billion. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter last year, the business posted $1.31 EPS. Equities research analysts forecast that J.B. Hunt Transport Services will post 7.6 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a yield of 0.6%. J.B. Hunt Transport Services’s dividend payout ratio is 25.50%.

Trending Headlines about J.B. Hunt Transport Services

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.

Insider Buying and Selling

In other news, EVP Spencer Frazier sold 2,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $258.20, for a total value of $516,400.00. Following the completion of the sale, the executive vice president owned 4,604 shares in the company, valued at approximately $1,188,752.80. The trade was a 30.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 completion of the sale, the executive vice president directly owned 15,881 shares of the company’s stock, valued at $4,510,362.81. The trade was a 8.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 18,119 shares of company stock valued at $4,736,095 over the last quarter. 2.50% of the stock is owned by company insiders.

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

Several institutional investors have recently bought and sold shares of JBHT. CYBER HORNET ETFs LLC bought a new stake in J.B. Hunt Transport Services during the 2nd quarter valued at $31,000. International Assets Investment Management LLC bought a new position in shares of J.B. Hunt Transport Services in the 4th quarter worth $32,000. MUFG Securities EMEA plc purchased a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter worth $34,000. Whittier Trust Co. lifted its stake in shares of J.B. Hunt Transport Services by 39.1% during the 4th quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock worth $37,000 after purchasing an additional 50 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its position in J.B. Hunt Transport Services by 34.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 48 shares in the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

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.