J.B. Hunt Transport Services (NASDAQ:JBHT) Coverage Initiated at Truist Financial

Equities research analysts at Truist Financial started coverage on shares of J.B. Hunt Transport Services (NASDAQ:JBHT) in a report released on Thursday,Briefing.com Automated Import reports. The firm set a “hold” rating and a $165.00 price target on the transportation company’s stock. Truist Financial’s price objective points to a potential upside of 6.83% from the company’s current price.

JBHT has been the subject of several other research reports. Stephens reaffirmed an “overweight” rating and set a $205.00 price objective on shares of J.B. Hunt Transport Services in a report on Friday, January 17th. Wells Fargo & Company decreased their price target on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of J.B. Hunt Transport Services in a research note on Friday, March 7th. They set a “hold” rating and a $167.00 price target on the stock. JPMorgan Chase & Co. decreased their price target on shares of J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, Benchmark reissued a “buy” rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a research note on Friday, January 17th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned 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 $188.60.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT opened at $154.45 on Thursday. The firm has a market cap of $15.45 billion, a price-to-earnings ratio of 27.78, a PEG ratio of 1.61 and a beta of 1.16. The company has a 50 day moving average of $169.23 and a 200-day moving average of $174.04. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. J.B. Hunt Transport Services has a 1-year low of $151.60 and a 1-year high of $202.78.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.09). The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The business’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.47 EPS. On average, equities analysts forecast that J.B. Hunt Transport Services will post 6.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, Director James K. Thompson sold 4,400 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total value of $771,628.00. Following the sale, the director now directly owns 23,559 shares in the company, valued at approximately $4,131,541.83. This trade represents a 15.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Darren P. Field sold 1,200 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $161.67, for a total transaction of $194,004.00. Following the completion of the sale, the executive vice president now owns 17,822 shares in the company, valued at approximately $2,881,282.74. This trade represents a 6.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.10% of the company’s stock.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Studio Investment Management LLC raised its holdings in shares of J.B. Hunt Transport Services by 5.4% during the third quarter. Studio Investment Management LLC now owns 1,068 shares of the transportation company’s stock worth $184,000 after acquiring an additional 55 shares during the period. iA Global Asset Management Inc. raised its holdings in shares of J.B. Hunt Transport Services by 2.6% during the third quarter. iA Global Asset Management Inc. now owns 2,133 shares of the transportation company’s stock worth $368,000 after acquiring an additional 55 shares during the period. Empirical Finance LLC raised its holdings in shares of J.B. Hunt Transport Services by 2.0% during the third quarter. Empirical Finance LLC now owns 2,855 shares of the transportation company’s stock worth $492,000 after acquiring an additional 56 shares during the period. Huntington National Bank raised its holdings in shares of J.B. Hunt Transport Services by 21.8% during the third quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock worth $59,000 after acquiring an additional 61 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of J.B. Hunt Transport Services by 1.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,097 shares of the transportation company’s stock worth $878,000 after acquiring an additional 61 shares during the period. 74.95% of the stock is currently owned by institutional investors and hedge funds.

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.