J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Raised to $175.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target lifted by Barclays from $160.00 to $175.00 in a report issued on Wednesday, Benzinga reports. Barclays currently has an equal weight rating on the transportation company’s stock.

Several other equities analysts have also weighed in on the company. The Goldman Sachs Group reduced their price objective on J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Susquehanna increased their price target on J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday. Stifel Nicolaus boosted their price objective on J.B. Hunt Transport Services from $151.00 to $167.00 and gave the company a “hold” rating in a research note on Wednesday. Citigroup began coverage on shares of J.B. Hunt Transport Services in a report on Wednesday, October 9th. They set a “buy” rating and a $201.00 price objective on the stock. Finally, TD Cowen boosted their price target on shares of J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a “hold” rating in a research report on Wednesday. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and an average target price of $187.56.

J.B. Hunt Transport Services Stock Up 2.0 %

Shares of NASDAQ:JBHT opened at $176.87 on Wednesday. The company has a market capitalization of $18.25 billion, a PE ratio of 28.07, a price-to-earnings-growth ratio of 2.84 and a beta of 1.15. J.B. Hunt Transport Services has a 1 year low of $153.12 and a 1 year high of $219.51. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.21 and a quick ratio of 1.21. The business has a fifty day moving average price of $170.75 and a two-hundred day moving average price of $167.69.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.07. J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. The business had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter last year, the company posted $1.80 earnings per share. Analysts forecast that J.B. Hunt Transport Services will post 5.6 earnings per share for the current year.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the completion of the sale, the executive vice president now directly owns 14,150 shares in the company, valued at $2,476,674.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.10% of the stock is owned by company insiders.

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

Large investors have recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. raised its holdings in shares of J.B. Hunt Transport Services by 2,722.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 545,042 shares of the transportation company’s stock valued at $108,600,000 after buying an additional 525,729 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of J.B. Hunt Transport Services by 25.5% during the second quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock worth $152,589,000 after acquiring an additional 193,684 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of J.B. Hunt Transport Services by 282.8% during the second quarter. AQR Capital Management LLC now owns 173,637 shares of the transportation company’s stock worth $27,740,000 after acquiring an additional 128,283 shares in the last quarter. Legacy Capital Wealth Partners LLC bought a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter worth approximately $19,755,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter valued at $16,887,000. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Company Profile

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.