Citizens Jmp Initiates Coverage on J.B. Hunt Transport Services (NASDAQ:JBHT)

Equities research analysts at Citizens Jmp initiated coverage on shares of J.B. Hunt Transport Services (NASDAQ:JBHT) in a research report issued on Wednesday. The brokerage set a “market perform” rating on the transportation company’s stock.

A number of other analysts also recently weighed in on the company. Truist Financial increased their price target on J.B. Hunt Transport Services from $230.00 to $280.00 and gave the stock a “hold” rating in a report on Wednesday. BMO Capital Markets boosted their price objective on J.B. Hunt Transport Services from $250.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Wells Fargo & Company raised their target price on J.B. Hunt Transport Services from $250.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. Robert W. Baird lifted their target price on J.B. Hunt Transport Services from $275.00 to $290.00 and gave the stock an “outperform” rating in a report on Wednesday, June 17th. Finally, Weiss Ratings lowered J.B. Hunt Transport Services from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and an average target price of $265.22.

J.B. Hunt Transport Services Trading Down 0.8%

NASDAQ:JBHT opened at $280.87 on Wednesday. The firm’s fifty day moving average is $271.66 and its 200-day moving average is $236.62. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26. J.B. Hunt Transport Services has a 52 week low of $130.12 and a 52 week high of $294.98. The firm has a market cap of $26.49 billion, a P/E ratio of 43.48, a P/E/G ratio of 2.06 and a beta of 1.29.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Wednesday, April 15th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.04. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.01 billion. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. J.B. Hunt Transport Services’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.17 earnings per share. Equities analysts expect that J.B. Hunt Transport Services will post 7.32 earnings per share for the current year.

Insider Activity

In related news, EVP Darren P. Field sold 4,000 shares of J.B. Hunt Transport Services stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $254.49, for a total value of $1,017,960.00. Following the completion of the sale, the executive vice president owned 8,696 shares of the company’s stock, valued at approximately $2,213,045.04. This trade represents a 31.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Bradley W. Hicks sold 7,644 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $261.91, for a total transaction of $2,002,040.04. Following the sale, the insider owned 23,982 shares of the company’s stock, valued at $6,281,125.62. This trade represents a 24.17% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 18,119 shares of company stock valued at $4,736,095. Corporate insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. CYBER HORNET ETFs LLC acquired a new position in shares of J.B. Hunt Transport Services during the second quarter valued at about $31,000. International Assets Investment Management LLC acquired a new stake in shares of J.B. Hunt Transport Services in the 4th quarter worth about $32,000. MUFG Securities EMEA plc acquired a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter worth about $34,000. Whittier Trust Co. lifted its position in J.B. Hunt Transport Services by 39.1% in the 4th quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 50 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its stake in J.B. Hunt Transport Services by 34.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 48 shares during the last quarter. 74.95% of the stock is owned by institutional investors.

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.