J.B. Hunt Transport Services’ (JBHT) “Outperform” Rating Reiterated at Credit Suisse Group

Credit Suisse Group reissued their outperform rating on shares of J.B. Hunt Transport Services (NASDAQ:JBHT) in a research report released on Monday, January 8th, The Fly reports. They currently have a $129.00 price target on the transportation company’s stock, up from their previous price target of $111.00.

Several other equities research analysts have also commented on JBHT. Zacks Investment Research raised J.B. Hunt Transport Services from a hold rating to a buy rating and set a $115.00 price target on the stock in a research note on Tuesday, September 19th. BMO Capital Markets reissued a hold rating and set a $95.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, September 20th. KeyCorp reissued a buy rating and set a $115.00 price target on shares of J.B. Hunt Transport Services in a research note on Friday, September 22nd. Stifel Nicolaus raised J.B. Hunt Transport Services from a hold rating to a buy rating and boosted their price target for the stock from $91.00 to $125.00 in a research note on Friday, September 29th. Finally, Cowen reissued a buy rating and set a $102.00 price target on shares of J.B. Hunt Transport Services in a research note on Sunday, October 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $114.28.

Shares of J.B. Hunt Transport Services (JBHT) traded up $0.13 on Monday, reaching $121.06. The company’s stock had a trading volume of 978,400 shares, compared to its average volume of 1,019,878. J.B. Hunt Transport Services has a 12 month low of $83.35 and a 12 month high of $121.51. The stock has a market cap of $13,286.57, a price-to-earnings ratio of 32.20, a PEG ratio of 1.96 and a beta of 1.05. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.48 and a quick ratio of 1.48.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Friday, October 13th. The transportation company reported $0.91 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.05). J.B. Hunt Transport Services had a net margin of 6.05% and a return on equity of 28.90%. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the prior year, the firm posted $0.97 EPS. J.B. Hunt Transport Services’s revenue for the quarter was up 9.0% compared to the same quarter last year. equities analysts predict that J.B. Hunt Transport Services will post 3.77 EPS for the current fiscal year.

In other news, EVP Bradley W. Hicks sold 1,000 shares of the company’s stock in a transaction on Wednesday, December 6th. The stock was 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Earl Wayne Garrison sold 100,000 shares of the company’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $109.29, for a total value of $10,929,000.00. Following the sale, the director now owns 2,050,000 shares of the company’s stock, valued at $224,044,500. The disclosure for this sale can be found here. Insiders sold a total of 101,500 shares of company stock valued at $11,095,605 over the last quarter. 4.30% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. D.A. Davidson & CO. increased its holdings 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 purchasing an additional 12 shares in the last quarter. Tudor Investment Corp ET AL increased its holdings in J.B. Hunt Transport Services by 0.4% in the 2nd quarter. Tudor Investment Corp ET AL now owns 5,849 shares of the transportation company’s stock valued at $534,000 after purchasing an additional 22 shares in the last quarter. Profund Advisors LLC increased its holdings in J.B. Hunt Transport Services by 0.7% in the 2nd quarter. Profund Advisors LLC now owns 8,160 shares of the transportation company’s stock valued at $746,000 after purchasing an additional 55 shares in the last quarter. YorkBridge Wealth Partners LLC increased its holdings in 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 purchasing an additional 68 shares in the last quarter. Finally, M&T Bank Corp increased its holdings in J.B. Hunt Transport Services by 2.1% in the 2nd quarter. M&T Bank Corp now owns 7,498 shares of the transportation company’s stock valued at $685,000 after purchasing an additional 157 shares in the last quarter. Hedge funds and other institutional investors own 70.96% of the company’s stock.

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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.

The Fly

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

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