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

Stephens reiterated their overweight rating on shares of J.B. Hunt Transport Services (NASDAQ:JBHT) in a report released on Wednesday, Benzinga reports. They currently have a $195.00 target price on the transportation company’s stock.

Several other brokerages have also weighed in on JBHT. 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 Tuesday, September 24th. Barclays dropped their price objective on shares of J.B. Hunt Transport Services from $170.00 to $160.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 17th. Loop Capital reduced their target price 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. Bank of America raised their price target on shares of J.B. Hunt Transport Services from $188.00 to $196.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Evercore ISI boosted their price objective on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an “outperform” rating in a research report on Wednesday. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $186.78.

J.B. Hunt Transport Services Trading Up 3.1 %

NASDAQ:JBHT opened at $180.15 on Wednesday. The company has a market cap of $18.59 billion, a PE ratio of 28.60, a P/E/G ratio of 2.84 and a beta of 1.15. The business’s 50 day moving average is $170.28 and its two-hundred day moving average is $167.78. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.36. J.B. Hunt Transport Services has a 52 week low of $153.12 and a 52 week high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.07. The company had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.04 billion. J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. During the same period in the prior year, the company earned $1.80 earnings per share. On average, analysts predict that J.B. Hunt Transport Services will post 5.6 EPS for the current year.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $175.03, for a total transaction of $525,090.00. Following the transaction, the executive vice president now directly owns 14,150 shares in the company, valued at $2,476,674.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Darren P. Field sold 3,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 14,150 shares in the company, valued at approximately $2,476,674.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Persio V. Lisboa purchased 600 shares of the stock in a transaction on Friday, July 19th. The shares were bought at an average price of $163.47 per share, for a total transaction of $98,082.00. Following the acquisition, the director now owns 3,594 shares of the company’s stock, valued at approximately $587,511.18. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On J.B. Hunt Transport Services

Institutional investors and hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc lifted its stake in shares of J.B. Hunt Transport Services by 382.1% in the second quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock valued at $30,000 after buying an additional 149 shares during the period. Innealta Capital LLC acquired a new position in J.B. Hunt Transport Services in the 2nd quarter valued at approximately $31,000. nVerses Capital LLC bought a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter worth approximately $32,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter worth approximately $36,000. Finally, International Assets Investment Management LLC bought a new stake in shares of J.B. Hunt Transport Services during the second quarter valued at approximately $40,000. Institutional investors own 74.95% of the company’s stock.

About J.B. Hunt Transport Services

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.