J.B. Hunt Transport Services’ (JBHT) “Overweight” Rating Reaffirmed at Stephens

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

JBHT has been the subject of several other research reports. BMO Capital Markets reiterated an “outperform” rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a research note on Tuesday, September 24th. Morgan Stanley reduced their price target on shares of J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating for the company in a research report on Monday, July 8th. JPMorgan Chase & Co. lowered their price target 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. Evercore ISI boosted their target price 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. Finally, Stifel Nicolaus raised their price target on J.B. Hunt Transport Services from $151.00 to $167.00 and gave the company a “hold” rating in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $186.78.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT opened at $180.15 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market cap of $18.59 billion, a price-to-earnings ratio of 28.60, a price-to-earnings-growth ratio of 2.84 and a beta of 1.15. The firm’s fifty day moving average price is $170.28 and its 200 day moving average price is $167.78. J.B. Hunt Transport Services has a 1-year low of $153.12 and a 1-year high of $219.51.

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

Insider Buying and Selling

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the transaction, the executive vice president now owns 14,150 shares of the company’s stock, 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 document filed with the SEC, which is accessible through this hyperlink. In other J.B. Hunt Transport Services news, Director Persio V. Lisboa bought 600 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, July 19th. The shares were acquired 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 $587,511.18. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Darren P. Field sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $175.03, for a total value of $525,090.00. Following the completion of 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 disclosure for this sale can be found here. Corporate insiders own 2.10% of the company’s stock.

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

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