Loop Capital Trims J B Hunt Transport Services (JBHT) Target Price to $143.00

J B Hunt Transport Services (NASDAQ:JBHT) had its target price trimmed by Loop Capital to $143.00 in a research report sent to investors on Wednesday, The Fly reports. The brokerage currently has a buy rating on the transportation company’s stock.

Several other research firms also recently issued reports on JBHT. ValuEngine raised J B Hunt Transport Services from a hold rating to a buy rating in a research report on Tuesday, September 11th. Cleveland Research assumed coverage on J B Hunt Transport Services in a research report on Friday, October 5th. They set a neutral rating on the stock. Zacks Investment Research downgraded J B Hunt Transport Services from a buy rating to a hold rating in a research report on Thursday, July 19th. BidaskClub downgraded J B Hunt Transport Services from a hold rating to a sell rating in a research report on Thursday, July 19th. Finally, Stifel Nicolaus increased their price target on J B Hunt Transport Services from $122.00 to $123.00 and gave the stock a hold rating in a research report on Tuesday, July 17th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have given a buy rating to the stock. J B Hunt Transport Services has a consensus rating of Hold and a consensus target price of $129.05.

Shares of NASDAQ JBHT traded down $1.00 during mid-day trading on Wednesday, hitting $109.29. The stock had a trading volume of 1,480,271 shares, compared to its average volume of 897,167. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.13 and a quick ratio of 1.13. J B Hunt Transport Services has a twelve month low of $100.25 and a twelve month high of $131.74. The company has a market cap of $13.01 billion, a price-to-earnings ratio of 29.22, a PEG ratio of 1.74 and a beta of 0.93.

J B Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Monday, July 16th. The transportation company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.09. J B Hunt Transport Services had a return on equity of 26.63% and a net margin of 9.54%. The firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the prior year, the firm earned $0.88 EPS. The firm’s revenue was up 23.9% on a year-over-year basis. Research analysts expect that J B Hunt Transport Services will post 5.4 earnings per share for the current year.

In other news, EVP Terrence D. Matthews sold 5,163 shares of the stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $122.11, for a total transaction of $630,453.93. Following the sale, the executive vice president now directly owns 23,810 shares of the company’s stock, valued at approximately $2,907,439.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Bradley W. Hicks sold 500 shares of the stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $122.43, for a total transaction of $61,215.00. Following the sale, the executive vice president now directly owns 16,900 shares in the company, valued at $2,069,067. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,018 shares of company stock worth $4,630,817. Corporate insiders own 4.20% of the company’s stock.

Several hedge funds have recently bought and sold shares of JBHT. Bessemer Group Inc. lifted its stake in J B Hunt Transport Services by 0.3% in the 2nd quarter. Bessemer Group Inc. now owns 2,117,906 shares of the transportation company’s stock valued at $257,432,000 after buying an additional 5,733 shares in the last quarter. Janus Henderson Group PLC lifted its stake in J B Hunt Transport Services by 55.7% in the 2nd quarter. Janus Henderson Group PLC now owns 1,250,182 shares of the transportation company’s stock valued at $151,960,000 after buying an additional 447,102 shares in the last quarter. Northern Trust Corp lifted its stake in J B Hunt Transport Services by 2.1% in the 2nd quarter. Northern Trust Corp now owns 974,767 shares of the transportation company’s stock valued at $118,483,000 after buying an additional 19,676 shares in the last quarter. Morgan Stanley lifted its stake in J B Hunt Transport Services by 121.8% in the 2nd quarter. Morgan Stanley now owns 505,965 shares of the transportation company’s stock valued at $61,502,000 after buying an additional 277,862 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in J B Hunt Transport Services by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 492,089 shares of the transportation company’s stock valued at $59,813,000 after buying an additional 35,189 shares in the last quarter. 73.42% of the stock is currently owned by institutional investors and hedge funds.

J B Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates through four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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

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