J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Raised to $309.00 at Citigroup

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective boosted by Citigroup from $278.00 to $309.00 in a report published on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the transportation company’s stock.

Several other research analysts have also recently weighed in on JBHT. UBS Group boosted their price target on shares of J.B. Hunt Transport Services from $286.00 to $291.00 and gave the company a “neutral” rating in a research report on Thursday. Susquehanna set a $345.00 price objective on shares of J.B. Hunt Transport Services in a research report on Thursday. Sanford C. Bernstein restated an “outperform” rating on shares of J.B. Hunt Transport Services in a research report on Thursday. Weiss Ratings downgraded shares of J.B. Hunt Transport Services from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Finally, Bank of America boosted their target price on shares of J.B. Hunt Transport Services from $225.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $286.30.

J.B. Hunt Transport Services Stock Performance

Shares of J.B. Hunt Transport Services stock opened at $298.41 on Thursday. J.B. Hunt Transport Services has a one year low of $130.12 and a one year high of $299.76. The company has a market cap of $28.14 billion, a price-to-earnings ratio of 42.27, a PEG ratio of 2.00 and a beta of 1.29. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26. The business’s 50 day moving average price is $273.39 and its 200 day moving average price is $237.87.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.20. The company had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.26 billion. J.B. Hunt Transport Services had a return on equity of 18.86% and a net margin of 5.31%.The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.31 earnings per share. On average, research analysts predict that J.B. Hunt Transport Services will post 7.35 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, May 8th. J.B. Hunt Transport Services’s payout ratio is 27.86%.

Insider Activity

In other news, COO Nicholas Hobbs sold 1,272 shares of J.B. Hunt Transport Services stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $250.75, for a total value of $318,954.00. Following the completion of the sale, the chief operating officer directly owned 91,736 shares of the company’s stock, valued at approximately $23,002,802. The trade was a 1.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Darren P. Field sold 4,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $254.49, for a total value of $1,017,960.00. Following the completion of the sale, the executive vice president owned 8,696 shares in the company, valued at $2,213,045.04. This represents a 31.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 18,119 shares of company stock worth $4,736,095 in the last three months. 2.50% of the stock is currently owned by corporate insiders.

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

Several hedge funds have recently bought and sold shares of JBHT. Elevation Wealth Partners LLC increased its stake in J.B. Hunt Transport Services by 500.0% during the second quarter. Elevation Wealth Partners LLC now owns 150 shares of the transportation company’s stock worth $43,000 after purchasing an additional 125 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of J.B. Hunt Transport Services during the fourth quarter worth about $32,000. Whittier Trust Co. boosted its stake in shares of J.B. Hunt Transport Services by 39.1% in the fourth quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 50 shares during the period. CIBC Private Wealth Group LLC boosted its stake in shares of J.B. Hunt Transport Services by 34.3% in 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 during the period. Finally, Activest Wealth Management grew its holdings in shares of J.B. Hunt Transport Services by 19,800.0% in the fourth quarter. Activest Wealth Management now owns 199 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 198 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

Key J.B. Hunt Transport Services News

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

• Positive Sentiment: J.B. Hunt delivered Q2 earnings of $1.91 per share, topping estimates of $1.71, while revenue came in at $3.50 billion versus $3.26 billion expected. Results were driven by higher intermodal volumes, improved pricing, and cost discipline. Article Title
• Positive Sentiment: Management said intermodal performance was especially strong, with record quarterly volumes and a 22% revenue increase in the largest segment, reinforcing optimism that the freight cycle may be improving. Article Title
• Positive Sentiment: Multiple analysts turned more constructive after the report, including JPMorgan raising its target to $313 and Robert W. Baird lifting its target to $320 with an outperform rating, signaling higher expectations for JBHT’s earnings power. Article Title
• Positive Sentiment: Other firms also raised targets, including Citigroup to $309, Barclays to $300, and TD Cowen to $297, reflecting broad post-earnings optimism even where ratings remained neutral or hold. Article Title
• Neutral Sentiment: Some analysts stayed cautious, with Citigroup maintaining a neutral rating, Barclays at equal weight, and TD Cowen at hold, suggesting the stock’s valuation may already reflect much of the recent improvement. Article Title
• Neutral Sentiment: J.B. Hunt was also highlighted in market commentary and momentum-stock screens after the earnings beat, but these mentions were secondary to the fundamental catalyst from the quarterly report. Article Title

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.