Truist Financial Boosts J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $140.00

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) had its price objective hoisted by equities research analysts at Truist Financial from $130.00 to $140.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a "hold" rating on the transportation company's stock. Truist Financial's price target indicates a potential downside of 2.51% from the stock's current price.

A number of other equities research analysts also recently weighed in on JBHT. JPMorgan Chase & Co. dropped their target price on J.B. Hunt Transport Services from $167.00 to $150.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Stephens dropped their price objective on J.B. Hunt Transport Services from $170.00 to $165.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of J.B. Hunt Transport Services in a research report on Friday, March 7th. They set a "hold" rating and a $167.00 target price on the stock. The Goldman Sachs Group reiterated a "neutral" rating and set a $164.00 price target on shares of J.B. Hunt Transport Services in a research report on Monday, June 2nd. Finally, Barclays reduced their price objective on shares of J.B. Hunt Transport Services from $180.00 to $165.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 2nd. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $163.15.

J.B. Hunt Transport Services Price Performance

Shares of J.B. Hunt Transport Services stock traded down $1.74 during trading on Monday, reaching $143.60. The company's stock had a trading volume of 1,060,690 shares, compared to its average volume of 994,841. The stock has a 50-day moving average price of $138.76 and a two-hundred day moving average price of $153.29. The stock has a market capitalization of $14.24 billion, a P/E ratio of 26.06, a price-to-earnings-growth ratio of 1.97 and a beta of 1.30. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.23. J.B. Hunt Transport Services has a one year low of $122.79 and a one year high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The transportation company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.15 by $0.02. The business had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.92 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 14.07%. As a group, sell-side analysts anticipate that J.B. Hunt Transport Services will post 6.37 EPS for the current fiscal year.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, COO Nicholas Hobbs bought 1,529 shares of the firm's stock in a transaction that occurred on Wednesday, April 23rd. The stock was acquired at an average price of $130.75 per share, with a total value of $199,916.75. Following the completion of the transaction, the chief operating officer owned 91,847 shares in the company, valued at approximately $12,008,995.25. This trade represents a 1.69% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of JBHT. Summit Securities Group LLC boosted its holdings in shares of J.B. Hunt Transport Services by 19,600.0% in the 1st quarter. Summit Securities Group LLC now owns 197 shares of the transportation company's stock valued at $29,000 after buying an additional 196 shares during the last quarter. Allworth Financial LP grew its position in shares of J.B. Hunt Transport Services by 167.0% in the 1st quarter. Allworth Financial LP now owns 235 shares of the transportation company's stock valued at $35,000 after acquiring an additional 147 shares during the period. National Pension Service grew its position in shares of J.B. Hunt Transport Services by 74.9% in the 1st quarter. National Pension Service now owns 306 shares of the transportation company's stock valued at $45,000 after acquiring an additional 131 shares during the period. TD Private Client Wealth LLC increased its stake in shares of J.B. Hunt Transport Services by 49.3% during the 1st quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company's stock worth $49,000 after purchasing an additional 109 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of J.B. Hunt Transport Services by 68.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company's stock valued at $56,000 after purchasing an additional 134 shares during the period. 74.95% of the stock is currently owned by institutional investors.

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.