J.B. Hunt Transport Services, Inc. (JBHT) Given Consensus Rating of “Hold” by Brokerages

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) have received an average rating of “Hold” from the nineteen ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $118.56.

JBHT has been the subject of a number of recent research reports. KeyCorp reissued a “buy” rating and set a $115.00 price target on shares of J.B. Hunt Transport Services in a research report on Friday, September 22nd. Stifel Nicolaus raised shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and raised their price target for the stock from $91.00 to $125.00 in a research report on Friday, September 29th. Cowen reissued a “buy” rating and set a $102.00 price target on shares of J.B. Hunt Transport Services in a research report on Sunday, October 1st. Barclays raised their price target on shares of J.B. Hunt Transport Services from $97.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Monday, October 2nd. Finally, Loop Capital reissued a “buy” rating and set a $116.00 price target (up from $103.00) on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 4th.

In related news, SVP John Kuhlow sold 500 shares of J.B. Hunt Transport Services stock in a transaction on Friday, December 8th. The shares were sold at an average price of $112.55, for a total value of $56,275.00. Following the sale, the senior vice president now owns 3,499 shares of the company’s stock, valued at approximately $393,812.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Bradley W. Hicks sold 1,000 shares of J.B. Hunt Transport Services stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $110.33, for a total transaction of $110,330.00. Following the completion of the sale, the executive vice president now directly owns 16,690 shares in the company, valued at approximately $1,841,407.70. The disclosure for this sale can be found here. Insiders sold a total of 101,500 shares of company stock worth $11,095,605 in the last three months. 4.30% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. grew its stake in J.B. Hunt Transport Services by 0.4% in the 2nd quarter. D.A. Davidson & CO. now owns 2,733 shares of the transportation company’s stock valued at $249,000 after acquiring an additional 12 shares during the period. Tudor Investment Corp ET AL boosted its stake in J.B. Hunt Transport Services by 0.4% during the 2nd quarter. Tudor Investment Corp ET AL now owns 5,849 shares of the transportation company’s stock worth $534,000 after purchasing an additional 22 shares during the last quarter. Profund Advisors LLC boosted its stake in J.B. Hunt Transport Services by 0.7% during the 2nd quarter. Profund Advisors LLC now owns 8,160 shares of the transportation company’s stock worth $746,000 after purchasing an additional 55 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its stake in J.B. Hunt Transport Services by 6.6% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,097 shares of the transportation company’s stock worth $102,000 after purchasing an additional 68 shares during the last quarter. Finally, M&T Bank Corp boosted its stake in J.B. Hunt Transport Services by 2.1% during the 2nd quarter. M&T Bank Corp now owns 7,498 shares of the transportation company’s stock worth $685,000 after purchasing an additional 157 shares during the last quarter. 70.96% of the stock is currently owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services (NASDAQ:JBHT) traded up $2.16 on Friday, reaching $123.61. 1,320,000 shares of the company’s stock were exchanged, compared to its average volume of 958,066. J.B. Hunt Transport Services has a 12 month low of $83.35 and a 12 month high of $123.87. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.74. The stock has a market cap of $13,570.00, a price-to-earnings ratio of 19.97, a PEG ratio of 1.96 and a beta of 1.05.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Thursday, January 18th. The transportation company reported $3.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $2.45. J.B. Hunt Transport Services had a net margin of 6.05% and a return on equity of 28.90%. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same period last year, the firm posted $1.05 EPS. J.B. Hunt Transport Services’s revenue for the quarter was up 15.6% compared to the same quarter last year. equities research analysts anticipate that J.B. Hunt Transport Services will post 3.73 EPS for the current fiscal year.

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J.B. Hunt Transport Services Company Profile

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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