J.B. Hunt Transport Services, Inc. (JBHT) Rating Reiterated by Loop Capital

Loop Capital reaffirmed their buy rating on shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in a report published on Wednesday. They currently have a $116.00 price target on the transportation company’s stock, up from their prior price target of $103.00.

JBHT has been the topic of a number of other reports. BidaskClub downgraded shares of J.B. Hunt Transport Services from a hold rating to a sell rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded shares of J.B. Hunt Transport Services from a hold rating to a buy rating and set a $115.00 target price on the stock in a research report on Tuesday, September 19th. KeyCorp restated a buy rating and set a $115.00 target price on shares of J.B. Hunt Transport Services in a research report on Friday, September 22nd. Bank of America Corporation restated a buy rating and set a $109.00 target price (up from $98.00) on shares of J.B. Hunt Transport Services in a research report on Monday, July 10th. Finally, Cowen and Company restated a buy rating and set a $102.00 target price on shares of J.B. Hunt Transport Services in a research report on Friday, August 25th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $105.88.

J.B. Hunt Transport Services (JBHT) traded down 0.13% during mid-day trading on Wednesday, hitting $106.73. 732,433 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $102.49 and a 200 day moving average of $93.05. J.B. Hunt Transport Services has a 52 week low of $76.20 and a 52 week high of $111.98. The stock has a market capitalization of $11.68 billion, a P/E ratio of 28.00 and a beta of 0.97.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Monday, July 17th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.04). J.B. Hunt Transport Services had a net margin of 6.32% and a return on equity of 30.00%. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the company posted $0.92 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. Equities analysts forecast that J.B. Hunt Transport Services will post $3.85 earnings per share for the current fiscal year.

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In related news, EVP Bradley W. Hicks sold 1,000 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $94.73, for a total value of $94,730.00. Following the sale, the executive vice president now directly owns 18,690 shares in the company, valued at approximately $1,770,503.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder J B. Hunt Llc sold 975,000 shares of the stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $98.00, for a total transaction of $95,550,000.00. Following the completion of the sale, the insider now owns 17,477,085 shares in the company, valued at $1,712,754,330. The disclosure for this sale can be found here. Insiders sold a total of 1,052,872 shares of company stock worth $103,066,436 over the last quarter. 4.30% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in JBHT. YorkBridge Wealth Partners LLC raised its position in shares of J.B. Hunt Transport Services by 6.6% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,097 shares of the transportation company’s stock valued at $102,000 after acquiring an additional 68 shares during the period. Bronfman E.L. Rothschild L.P. raised its position in shares of J.B. Hunt Transport Services by 3.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,339 shares of the transportation company’s stock valued at $122,000 after acquiring an additional 43 shares during the period. Farmers & Merchants Investments Inc. raised its position in shares of J.B. Hunt Transport Services by 1.4% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 1,420 shares of the transportation company’s stock valued at $130,000 after acquiring an additional 20 shares during the period. Van ECK Associates Corp raised its position in shares of J.B. Hunt Transport Services by 6.9% in the 1st quarter. Van ECK Associates Corp now owns 1,468 shares of the transportation company’s stock valued at $135,000 after acquiring an additional 95 shares during the period. Finally, Paradigm Asset Management Co. LLC raised its position in shares of J.B. Hunt Transport Services by 3.1% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 1,650 shares of the transportatio

JBHT has been the topic of a number of other reports. BidaskClub downgraded shares of J.B. Hunt Transport Services from a hold rating to a sell rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded shares of J.B. Hunt Transport Services from a hold rating to a buy rating and set a $115.00 target price on the stock in a research report on Tuesday, September 19th. KeyCorp restated a buy rating and set a $115.00 target price on shares of J.B. Hunt Transport Services in a research report on Friday, September 22nd. Bank of America Corporation restated a buy rating and set a $109.00 target price (up from $98.00) on shares of J.B. Hunt Transport Services in a research report on Monday, July 10th. Finally, Cowen and Company restated a buy rating and set a $102.00 target price on shares of J.B. Hunt Transport Services in a research report on Friday, August 25th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $105.88.

J.B. Hunt Transport Services (JBHT) traded down 0.13% during mid-day trading on Wednesday, hitting $106.73. 732,433 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $102.49 and a 200 day moving average of $93.05. J.B. Hunt Transport Services has a 52 week low of $76.20 and a 52 week high of $111.98. The stock has a market capitalization of $11.68 billion, a P/E ratio of 28.00 and a beta of 0.97.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Monday, July 17th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.04). J.B. Hunt Transport Services had a net margin of 6.32% and a return on equity of 30.00%. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the company posted $0.92 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. Equities analysts forecast that J.B. Hunt Transport Services will post $3.85 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This piece of content was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another website, it was illegally stolen and reposted in violation of United States & international copyright law. The correct version of this piece of content can be read at https://ledgergazette.com/2017/10/08/j-b-hunt-transport-services-inc-jbht-rating-reiterated-by-loop-capital.html.

In related news, EVP Bradley W. Hicks sold 1,000 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $94.73, for a total value of $94,730.00. Following the sale, the executive vice president now directly owns 18,690 shares in the company, valued at approximately $1,770,503.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder J B. Hunt Llc sold 975,000 shares of the stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $98.00, for a total transaction of $95,550,000.00. Following the completion of the sale, the insider now owns 17,477,085 shares in the company, valued at $1,712,754,330. The disclosure for this sale can be found here. Insiders sold a total of 1,052,872 shares of company stock worth $103,066,436 over the last quarter. 4.30% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in JBHT. YorkBridge Wealth Partners LLC raised its position in shares of J.B. Hunt Transport Services by 6.6% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,097 shares of the transportation company’s stock valued at $102,000 after acquiring an additional 68 shares during the period. Bronfman E.L. Rothschild L.P. raised its position in shares of J.B. Hunt Transport Services by 3.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,339 shares of the transportation company’s stock valued at $122,000 after acquiring an additional 43 shares during the period. Farmers & Merchants Investments Inc. raised its position in shares of J.B. Hunt Transport Services by 1.4% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 1,420 shares of the transportation company’s stock valued at $130,000 after acquiring an additional 20 shares during the period. Van ECK Associates Corp raised its position in shares of J.B. Hunt Transport Services by 6.9% in the 1st quarter. Van ECK Associates Corp now owns 1,468 shares of the transportation company’s stock valued at $135,000 after acquiring an additional 95 shares during the period. Finally, Paradigm Asset Management Co. LLC raised its position in shares of J.B. Hunt Transport Services by 3.1% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 1,650 shares of the transportation company’s stock valued at $151,000 after acquiring an additional 50 shares during the period. Institutional investors and hedge funds own 71.54% of the company’s stock.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

Analyst Recommendations for J.B. Hunt Transport Services (NASDAQ:JBHT)

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