J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Raised to $195.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target increased by Barclays from $175.00 to $195.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the transportation company’s stock. Barclays‘s target price indicates a potential upside of 3.50% from the company’s previous close.

Several other research analysts have also recently commented on the stock. Stifel Nicolaus boosted their price target on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. 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 research note on Wednesday, October 9th. Susquehanna increased their target price on shares of J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Stephens reiterated an “overweight” rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Finally, TD Cowen boosted their target price on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $190.11.

J.B. Hunt Transport Services Trading Down 2.1 %

JBHT traded down $4.13 during mid-day trading on Wednesday, hitting $188.41. 585,150 shares of the stock were exchanged, compared to its average volume of 864,612. The firm’s fifty day moving average is $174.68 and its two-hundred day moving average is $167.83. 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 market cap of $19.00 billion, a PE ratio of 34.13, a PEG ratio of 3.37 and a beta of 1.14. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.07. The business had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.04 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. During the same quarter in the prior year, the company earned $1.80 earnings per share. Equities analysts forecast that J.B. Hunt Transport Services will post 5.7 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Kevin Bracy sold 1,614 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $189.87, for a total transaction of $306,450.18. Following the sale, the senior vice president now owns 8,235 shares in the company, valued at approximately $1,563,579.45. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Kevin Bracy sold 1,614 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $189.87, for a total transaction of $306,450.18. Following the completion of the transaction, the senior vice president now owns 8,235 shares of the company’s stock, valued at $1,563,579.45. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Darren P. Field sold 3,000 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $175.03, for a total transaction of $525,090.00. Following the transaction, the executive vice president now owns 14,150 shares in the company, valued at approximately $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. Insiders sold a total of 8,314 shares of company stock valued at $1,534,052 over the last 90 days. Insiders own 2.10% of the company’s stock.

Institutional Trading of J.B. Hunt Transport Services

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Janney Montgomery Scott LLC purchased a new stake in J.B. Hunt Transport Services during the 1st quarter worth $208,000. Empowered Funds LLC purchased a new stake in shares of J.B. Hunt Transport Services in the first quarter worth about $242,000. TD Asset Management Inc grew its stake in shares of J.B. Hunt Transport Services by 4.9% in the first quarter. TD Asset Management Inc now owns 418,451 shares of the transportation company’s stock valued at $83,376,000 after buying an additional 19,604 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in shares of J.B. Hunt Transport Services by 13.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 102,836 shares of the transportation company’s stock valued at $20,490,000 after buying an additional 12,191 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in J.B. Hunt Transport Services by 20.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 93,946 shares of the transportation company’s stock worth $18,719,000 after acquiring an additional 15,775 shares in the last quarter. Institutional investors and hedge funds 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.