J.B. Hunt Transport Services (NASDAQ:JBHT) Receives “Overweight” Rating from Stephens

Stephens reaffirmed their overweight rating on shares of J.B. Hunt Transport Services (NASDAQ:JBHT) in a research report released on Friday morning,Benzinga reports. Stephens currently has a $205.00 price objective on the transportation company’s stock.

A number of other research analysts also recently weighed in on the company. Citigroup upped their target price on J.B. Hunt Transport Services from $204.00 to $227.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Benchmark reiterated a “buy” rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a report on Friday. BMO Capital Markets reaffirmed an “outperform” rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Loop Capital increased their price target on shares of J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a “hold” rating in a research note on Thursday, October 17th. Finally, The Goldman Sachs Group cut their price objective on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and an average price target of $191.67.

J.B. Hunt Transport Services Price Performance

Shares of J.B. Hunt Transport Services stock opened at $172.45 on Friday. The business has a 50 day moving average of $180.08 and a 200 day moving average of $173.85. J.B. Hunt Transport Services has a 52 week low of $153.12 and a 52 week high of $219.51. The company has a market cap of $17.39 billion, a PE ratio of 31.35, a P/E/G ratio of 2.94 and a beta of 1.16. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.09). J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the prior year, the business posted $1.47 earnings per share. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. As a group, equities research analysts forecast that J.B. Hunt Transport Services will post 5.67 earnings per share for the current year.

Insider Activity

In other J.B. Hunt Transport Services news, SVP Kevin Bracy sold 1,614 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $189.87, for a total transaction of $306,450.18. Following the completion of the sale, the senior vice president now directly owns 8,235 shares in the company, valued at approximately $1,563,579.45. The trade was a 16.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Eric Mcgee sold 145 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $182.72, for a total value of $26,494.40. Following the completion of the transaction, the executive vice president now owns 700 shares in the company, valued at approximately $127,904. This trade represents a 17.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,459 shares of company stock valued at $2,136,277 over the last three months. Insiders own 2.10% of the company’s stock.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. True Wealth Design LLC boosted its holdings in shares of J.B. Hunt Transport Services by 2,028.6% in the third quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock worth $26,000 after buying an additional 142 shares during the last quarter. Catalyst Capital Advisors LLC bought a new position in J.B. Hunt Transport Services in the third quarter worth approximately $26,000. Cromwell Holdings LLC boosted its stake in shares of J.B. Hunt Transport Services by 47.2% during the 3rd quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company’s stock worth $41,000 after acquiring an additional 76 shares during the last quarter. Versant Capital Management Inc grew its position in shares of J.B. Hunt Transport Services by 102.2% during the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock valued at $48,000 after acquiring an additional 142 shares during the period. Finally, Huntington National Bank increased its stake in shares of J.B. Hunt Transport Services by 21.8% in the 3rd quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock worth $59,000 after purchasing an additional 61 shares in the last quarter. Hedge funds and other 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.