J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Rating Reaffirmed by BMO Capital Markets

J.B. Hunt Transport Services (NASDAQ:JBHT)‘s stock had its “outperform” rating reaffirmed by analysts at BMO Capital Markets in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $195.00 price objective on the transportation company’s stock. BMO Capital Markets’ price objective indicates a potential upside of 13.54% from the stock’s previous close.

A number of other research analysts have also weighed in on JBHT. Benchmark cut their price target on shares of J.B. Hunt Transport Services from $200.00 to $185.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Evercore ISI cut their price objective on shares of J.B. Hunt Transport Services from $191.00 to $185.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. JPMorgan Chase & Co. dropped their target price on J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Loop Capital cut their price target on shares of J.B. Hunt Transport Services from $177.00 to $173.00 and set a “hold” rating for the company in a research note on Thursday, July 18th. Finally, Susquehanna cut their price objective on J.B. Hunt Transport Services from $175.00 to $155.00 and set a “neutral” rating for the company in a research report on Wednesday, July 17th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $181.88.

J.B. Hunt Transport Services Stock Performance

Shares of J.B. Hunt Transport Services stock opened at $171.74 on Tuesday. The stock’s fifty day simple moving average is $169.26 and its 200 day simple moving average is $170.56. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $17.52 billion, a PE ratio of 27.26, a PEG ratio of 2.86 and a beta of 1.15. J.B. Hunt Transport Services has a 12 month low of $153.12 and a 12 month high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Tuesday, July 16th. The transportation company reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.19). J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same period in the prior year, the business earned $1.81 EPS. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year. On average, research analysts predict that J.B. Hunt Transport Services will post 5.7 EPS for the current year.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, Director Persio V. Lisboa bought 600 shares of the business’s stock in a transaction on Friday, July 19th. The stock was purchased at an average cost of $163.47 per share, for a total transaction of $98,082.00. Following the completion of the purchase, the director now directly owns 3,594 shares of the company’s stock, valued at $587,511.18. The acquisition was disclosed in a filing with the SEC, which is available at this link. In other J.B. Hunt Transport Services news, Director Persio V. Lisboa purchased 600 shares of the stock in a transaction dated Friday, July 19th. The stock was bought at an average price of $163.47 per share, with a total value of $98,082.00. Following the acquisition, the director now owns 3,594 shares of the company’s stock, valued at $587,511.18. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Darren P. Field sold 3,000 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $175.03, for a total value of $525,090.00. Following the sale, the executive vice president now owns 14,150 shares of the company’s stock, valued at $2,476,674.50. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by company insiders.

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

A number of hedge funds have recently made changes to their positions in the stock. Versant Capital Management Inc grew its holdings in J.B. Hunt Transport Services by 382.1% during the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock worth $30,000 after acquiring an additional 149 shares during the last quarter. Innealta Capital LLC acquired a new position in J.B. Hunt Transport Services during the second quarter worth $31,000. nVerses Capital LLC bought a new position in shares of J.B. Hunt Transport Services in the second quarter valued at $32,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of J.B. Hunt Transport Services during the second quarter valued at about $36,000. Finally, YHB Investment Advisors Inc. bought a new stake in shares of J.B. Hunt Transport Services during the first quarter worth about $40,000. 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.