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

Stephens reaffirmed their overweight rating on shares of J.B. Hunt Transport Services (NASDAQ:JBHTFree Report) in a research report released on Friday morning,Benzinga reports. The brokerage currently has a $205.00 target price on the transportation company’s stock.

JBHT has been the subject of several other reports. Benchmark reaffirmed a “buy” rating and set a $195.00 target price on shares of J.B. Hunt Transport Services in a research note on Friday. Wells Fargo & Company cut their price objective on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “overweight” rating for the company in a research report on Friday. Susquehanna upgraded J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 target price on the stock in a research report on Friday, January 3rd. JPMorgan Chase & Co. cut their price target on J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating for the company in a report on Friday. Finally, Barclays upped their price objective on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and a consensus price target of $191.67.

Read Our Latest Stock Report on J.B. Hunt Transport Services

J.B. Hunt Transport Services Trading Down 7.4 %

Shares of J.B. Hunt Transport Services stock opened at $172.45 on Friday. J.B. Hunt Transport Services has a fifty-two week low of $153.12 and a fifty-two week high of $219.51. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $17.39 billion, a P/E ratio of 31.35, a P/E/G ratio of 2.94 and a beta of 1.16. The company has a fifty day moving average of $180.08 and a 200 day moving average of $173.85.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) last issued its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.09). J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. The business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same period last year, the business posted $1.47 EPS. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. On average, sell-side analysts anticipate that J.B. Hunt Transport Services will post 5.67 earnings per share for the current fiscal year.

Insider Buying and Selling at J.B. Hunt Transport Services

In other news, EVP Eric Mcgee sold 145 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $182.72, for a total transaction of $26,494.40. Following the completion of the sale, the executive vice president now directly owns 700 shares of the company’s stock, valued at approximately $127,904. The trade was a 17.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Darren P. Field sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total transaction of $275,250.00. Following the transaction, the executive vice president now directly owns 12,650 shares in the company, valued at approximately $2,321,275. This trade represents a 10.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,459 shares of company stock worth $2,136,277 over the last 90 days. Company insiders own 2.10% of the company’s stock.

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

Several institutional investors have recently made changes to their positions in the company. Perpetual Ltd grew its holdings in J.B. Hunt Transport Services by 64.3% during the 4th quarter. Perpetual Ltd now owns 4,268 shares of the transportation company’s stock worth $728,000 after acquiring an additional 1,670 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of J.B. Hunt Transport Services by 155.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 537 shares of the transportation company’s stock worth $92,000 after purchasing an additional 327 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of J.B. Hunt Transport Services during the fourth quarter valued at approximately $368,000. B & T Capital Management DBA Alpha Capital Management increased its holdings in J.B. Hunt Transport Services by 2.1% during the fourth quarter. B & T Capital Management DBA Alpha Capital Management now owns 13,591 shares of the transportation company’s stock valued at $2,319,000 after buying an additional 282 shares during the period. Finally, Merit Financial Group LLC bought a new position in J.B. Hunt Transport Services in the fourth quarter worth approximately $253,000. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Company Profile

(Get Free Report)

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.

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

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