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

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

JBHT has been the topic of several other reports. The Goldman Sachs Group decreased their price target on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Stephens reissued an “overweight” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday. Morgan Stanley reduced their price objective on J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Monday, July 8th. TD Cowen boosted their target price on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a “hold” rating in a research note on Wednesday. Finally, Evercore ISI raised their price target on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an “outperform” rating in a research report on Wednesday. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $186.78.

J.B. Hunt Transport Services Stock Up 3.1 %

JBHT stock opened at $180.15 on Wednesday. J.B. Hunt Transport Services has a twelve month low of $153.12 and a twelve month high of $219.51. The firm has a market capitalization of $18.59 billion, a PE ratio of 28.60, a PEG ratio of 2.84 and a beta of 1.15. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.36. The stock has a 50-day simple moving average of $170.28 and a two-hundred day simple moving average of $167.78.

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 for the quarter, topping the consensus estimate 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 company had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same period in the prior year, the business earned $1.80 earnings per share. On average, equities analysts predict that J.B. Hunt Transport Services will post 5.6 EPS for the current fiscal year.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $175.03, for a total value of $525,090.00. Following the completion of the transaction, the executive vice president now owns 14,150 shares of the company’s stock, valued at approximately $2,476,674.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Persio V. Lisboa bought 600 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The shares were bought at an average price of $163.47 per share, for a total transaction of $98,082.00. Following the completion of the acquisition, the director now owns 3,594 shares of the company’s stock, valued at $587,511.18. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Darren P. Field sold 3,000 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total value of $525,090.00. Following the transaction, 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 disclosure for this sale can be found here. 2.10% of the stock is currently owned by insiders.

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

A number of large investors have recently made changes to their positions in JBHT. Jacobs Levy Equity Management Inc. increased its holdings in J.B. Hunt Transport Services by 2,722.2% during the first 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 during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of J.B. Hunt Transport Services by 25.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock worth $152,589,000 after purchasing an additional 193,684 shares in the last quarter. AQR Capital Management LLC raised its holdings in J.B. Hunt Transport Services by 282.8% in the 2nd quarter. AQR Capital Management LLC now owns 173,637 shares of the transportation company’s stock worth $27,740,000 after purchasing an additional 128,283 shares during the period. Legacy Capital Wealth Partners LLC purchased a new position in J.B. Hunt Transport Services during the second quarter valued at $19,755,000. Finally, Renaissance Technologies LLC bought a new stake in J.B. Hunt Transport Services during the second quarter valued at about $16,887,000. 74.95% of the stock is currently owned by institutional investors.

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.