J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Increased to $182.00 by Analysts at TD Cowen

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target lifted by TD Cowen from $160.00 to $182.00 in a research report sent to investors on Wednesday, MarketBeat reports. TD Cowen currently has a hold rating on the transportation company’s stock.

JBHT has been the topic of several other reports. JPMorgan Chase & Co. decreased their target price on shares of J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Susquehanna boosted their price objective on shares of J.B. Hunt Transport Services from $145.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, September 26th. Morgan Stanley dropped their target price on shares of J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating for the company in a report on Monday, July 8th. The Goldman Sachs Group cut their target price on 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. Finally, Citigroup began coverage on J.B. Hunt Transport Services in a research report on Wednesday, October 9th. They set a “buy” rating and a $201.00 price target for the company. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and a consensus target price of $186.78.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT opened at $180.15 on Wednesday. The company 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 has a 12-month low of $153.12 and a 12-month high of $219.51. The firm has a market cap of $18.59 billion, a price-to-earnings 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.

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

Insider Buying and Selling

In other 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 transaction, the executive vice president now directly owns 14,150 shares in the company, valued at approximately $2,476,674.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Persio V. Lisboa purchased 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 purchase, the director now directly owns 3,594 shares in the company, valued at approximately $587,511.18. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Darren P. Field sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the sale, the executive vice president now owns 14,150 shares of the company’s stock, valued at approximately $2,476,674.50. This represents 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 Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in JBHT. Jacobs Levy Equity Management Inc. raised its holdings in J.B. Hunt Transport Services by 2,722.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 545,042 shares of the transportation company’s stock worth $108,600,000 after acquiring an additional 525,729 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings 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 stake in shares of J.B. Hunt Transport Services by 282.8% in the second 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 last quarter. Legacy Capital Wealth Partners LLC bought a new position in shares of J.B. Hunt Transport Services during the second quarter valued at $19,755,000. Finally, Renaissance Technologies LLC bought a new position in shares of J.B. Hunt Transport Services during the second quarter valued at $16,887,000. 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.