J.B. Hunt Transport Services (JBHT) Earns Buy Rating from Stephens

J.B. Hunt Transport Services (NASDAQ:JBHT)‘s stock had its “buy” rating reissued by investment analysts at Stephens in a note issued to investors on Friday, January 19th. They currently have a $140.00 price target on the transportation company’s stock. Stephens’ price target indicates a potential upside of 16.67% from the stock’s current price.

Several other research analysts have also issued reports on JBHT. Cowen reiterated a “buy” rating and issued a $102.00 target price on shares of J.B. Hunt Transport Services in a research report on Sunday, October 1st. Barclays boosted 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 note on Monday, October 2nd. Loop Capital reissued a “buy” rating and issued a $116.00 price target (up from $103.00) on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 4th. UBS Group set a $115.00 price target on shares of J.B. Hunt Transport Services and gave the stock a “hold” rating in a research note on Monday, October 16th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $100.00 price target (up from $95.00) on shares of J.B. Hunt Transport Services in a research note on Monday, October 16th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $118.89.

J.B. Hunt Transport Services (NASDAQ:JBHT) traded up $1.67 on Friday, hitting $120.00. 927,629 shares of the stock were exchanged, compared to its average volume of 1,170,000. The stock has a market cap of $13,170.00, a price-to-earnings ratio of 19.39, a P/E/G ratio of 1.74 and a beta of 0.98. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.52 and a quick ratio of 1.48. J.B. Hunt Transport Services has a 12-month low of $83.35 and a 12-month high of $126.49.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Thursday, January 18th. The transportation company reported $3.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $2.45. J.B. Hunt Transport Services had a net margin of 9.55% and a return on equity of 27.32%. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same period in the previous year, the business earned $1.05 earnings per share. The firm’s quarterly revenue was up 15.6% compared to the same quarter last year. research analysts forecast that J.B. Hunt Transport Services will post 5.27 earnings per share for the current year.

In other J.B. Hunt Transport Services news, Director Earl Wayne Garrison sold 21,344 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $125.79, for a total value of $2,684,861.76. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP John Kuhlow sold 500 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $112.55, for a total transaction of $56,275.00. Following the completion of the sale, the senior vice president now owns 3,499 shares in the company, valued at approximately $393,812.45. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,844 shares of company stock valued at $2,851,467. 4.30% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of JBHT. Teachers Advisors LLC grew its holdings in shares of J.B. Hunt Transport Services by 4.7% during the second quarter. Teachers Advisors LLC now owns 107,351 shares of the transportation company’s stock valued at $9,810,000 after buying an additional 4,846 shares during the last quarter. Amalgamated Bank grew its holdings in shares of J.B. Hunt Transport Services by 50.9% during the second quarter. Amalgamated Bank now owns 10,095 shares of the transportation company’s stock valued at $922,000 after buying an additional 3,407 shares during the last quarter. Profund Advisors LLC boosted its holdings in J.B. Hunt Transport Services by 0.7% in the second 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. ProShare Advisors LLC boosted its holdings in J.B. Hunt Transport Services by 27.1% in the second quarter. ProShare Advisors LLC now owns 41,950 shares of the transportation company’s stock worth $3,833,000 after purchasing an additional 8,952 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its holdings in J.B. Hunt Transport Services by 6.6% in the second quarter. UBS Asset Management Americas Inc. now owns 247,797 shares of the transportation company’s stock worth $22,644,000 after purchasing an additional 15,284 shares during the last quarter. Hedge funds and other institutional investors own 70.40% 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.

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

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