J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Price Expected to Rise, Robert W. Baird Analyst Says

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective hoisted by Robert W. Baird from $275.00 to $290.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the transportation company’s stock. Robert W. Baird’s target price points to a potential upside of 3.64% from the company’s current price.

A number of other equities analysts have also weighed in on JBHT. Barclays boosted their price objective on shares of J.B. Hunt Transport Services from $200.00 to $235.00 and gave the company an “equal weight” rating in a research report on Thursday, April 16th. Weiss Ratings downgraded shares of J.B. Hunt Transport Services from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, April 24th. TD Cowen boosted their target price on shares of J.B. Hunt Transport Services from $209.00 to $228.00 and gave the company a “hold” rating in a report on Thursday, April 16th. Citigroup boosted their target price on shares of J.B. Hunt Transport Services from $228.00 to $236.00 and gave the company a “neutral” rating in a report on Thursday, April 16th. Finally, Raymond James Financial restated an “outperform” rating and issued a $240.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $236.17.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT opened at $279.82 on Wednesday. The firm has a 50 day simple moving average of $255.66 and a 200-day simple moving average of $224.36. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market cap of $26.39 billion, a PE ratio of 43.32, a P/E/G ratio of 2.11 and a beta of 1.30. J.B. Hunt Transport Services has a 1-year low of $130.12 and a 1-year high of $293.54.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Wednesday, April 15th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.04. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.01 billion. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. The company’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.17 earnings per share. On average, equities analysts expect that J.B. Hunt Transport Services will post 7.27 EPS for the current year.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $254.49, for a total transaction of $1,017,960.00. Following the completion of the sale, the executive vice president directly owned 8,696 shares in the company, valued at $2,213,045.04. The trade was a 31.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David Keefauver sold 703 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $285.13, for a total transaction of $200,446.39. Following the sale, the executive vice president owned 790 shares of the company’s stock, valued at approximately $225,252.70. This represents a 47.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 18,119 shares of company stock valued at $4,736,095 over the last quarter. Company insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in JBHT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of J.B. Hunt Transport Services by 74.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,643 shares of the transportation company’s stock valued at $2,314,000 after purchasing an additional 6,668 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of J.B. Hunt Transport Services by 3.3% in the first quarter. Goldman Sachs Group Inc. now owns 433,661 shares of the transportation company’s stock valued at $64,160,000 after purchasing an additional 13,729 shares during the period. Empowered Funds LLC boosted its stake in shares of J.B. Hunt Transport Services by 27.8% in the first quarter. Empowered Funds LLC now owns 1,770 shares of the transportation company’s stock valued at $262,000 after purchasing an additional 385 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of J.B. Hunt Transport Services in the second quarter valued at $539,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of J.B. Hunt Transport Services by 21.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 583 shares of the transportation company’s stock valued at $84,000 after purchasing an additional 101 shares during the period. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Company Profile

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.