J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Raised to $205.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price increased by stock analysts at Truist Financial from $155.00 to $205.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the transportation company’s stock. Truist Financial’s target price suggests a potential downside of 0.39% from the company’s previous close.

Several other research analysts also recently weighed in on JBHT. Sanford C. Bernstein boosted their target price on shares of J.B. Hunt Transport Services from $158.00 to $195.00 and gave the company a “market perform” rating in a research note on Friday, January 9th. Benchmark lifted their price target on shares of J.B. Hunt Transport Services from $175.00 to $212.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Bank of America upped their price objective on shares of J.B. Hunt Transport Services from $153.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Stephens restated an “overweight” rating and set a $180.00 target price on shares of J.B. Hunt Transport Services in a research report on Thursday, October 16th. Finally, BMO Capital Markets boosted their price target on J.B. Hunt Transport Services from $172.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and a consensus price target of $195.91.

J.B. Hunt Transport Services Price Performance

JBHT stock opened at $205.81 on Thursday. The stock’s 50 day moving average price is $186.82 and its 200 day moving average price is $161.07. The firm has a market cap of $19.60 billion, a P/E ratio of 35.67, a PEG ratio of 1.74 and a beta of 1.27. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.87 and a current ratio of 0.87. J.B. Hunt Transport Services has a 1 year low of $122.79 and a 1 year high of $208.13.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Wednesday, October 15th. The transportation company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.30. J.B. Hunt Transport Services had a return on equity of 15.16% and a net margin of 4.75%.The company had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same period in the previous year, the firm posted $1.49 earnings per share. The business’s revenue for the quarter was down .5% compared to the same quarter last year. On average, sell-side analysts expect that J.B. Hunt Transport Services will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services announced that its Board of Directors has initiated a stock buyback plan on Wednesday, October 22nd that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In related news, CAO John Kuhlow sold 3,225 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $179.76, for a total value of $579,726.00. Following the transaction, the chief accounting officer directly owned 13,095 shares of the company’s stock, valued at approximately $2,353,957.20. This trade represents a 19.76% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP David Keefauver sold 1,588 shares of the business’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $189.29, for a total value of $300,592.52. Following the sale, the executive vice president directly owned 550 shares of the company’s stock, valued at approximately $104,109.50. This trade represents a 74.28% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 15,109 shares of company stock worth $2,688,970. Corporate insiders own 2.30% of the company’s stock.

Institutional Trading of J.B. Hunt Transport Services

Institutional investors and hedge funds have recently bought and sold shares of the business. Eldred Rock Partners LLC grew its position in shares of J.B. Hunt Transport Services by 11.9% during the 3rd quarter. Eldred Rock Partners LLC now owns 88,061 shares of the transportation company’s stock valued at $11,815,000 after buying an additional 9,345 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in J.B. Hunt Transport Services by 777.0% in the third quarter. Assenagon Asset Management S.A. now owns 192,178 shares of the transportation company’s stock valued at $25,785,000 after acquiring an additional 170,264 shares during the period. Brighton Jones LLC grew its holdings in shares of J.B. Hunt Transport Services by 105.5% during the third quarter. Brighton Jones LLC now owns 12,356 shares of the transportation company’s stock valued at $1,658,000 after purchasing an additional 6,344 shares during the last quarter. American Century Companies Inc. raised its position in shares of J.B. Hunt Transport Services by 23.8% during the 2nd quarter. American Century Companies Inc. now owns 208,655 shares of the transportation company’s stock worth $29,963,000 after purchasing an additional 40,131 shares during the period. Finally, Stephens Inc. AR raised its position in shares of J.B. Hunt Transport Services by 2.8% during the 2nd quarter. Stephens Inc. AR now owns 113,935 shares of the transportation company’s stock worth $16,390,000 after purchasing an additional 3,121 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

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.