J.B. Hunt Transport Services (NASDAQ:JBHT) Receives “Outperform” Rating from BMO Capital Markets

J.B. Hunt Transport Services (NASDAQ:JBHT)‘s stock had its “outperform” rating reissued by equities researchers at BMO Capital Markets in a report issued on Tuesday, Benzinga reports. They currently have a $195.00 price target on the transportation company’s stock. BMO Capital Markets’ target price suggests a potential upside of 12.80% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Barclays reduced their target price on J.B. Hunt Transport Services from $170.00 to $160.00 and set an “equal weight” rating for the company in a report on Wednesday, July 17th. TD Cowen dropped their price target on J.B. Hunt Transport Services from $181.00 to $161.00 and set a “hold” rating for the company in a research note on Wednesday, July 17th. Wells Fargo & Company assumed coverage on shares of J.B. Hunt Transport Services in a report on Friday, June 7th. They issued an “overweight” rating and a $185.00 price objective on the stock. Benchmark lowered their target price on shares of J.B. Hunt Transport Services from $200.00 to $185.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Finally, Morgan Stanley lowered their target price on shares of J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Monday, July 8th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and an average price target of $181.88.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ:JBHT traded up $2.68 during trading on Tuesday, reaching $172.87. The stock had a trading volume of 81,307 shares, compared to its average volume of 852,250. The business has a fifty day moving average price of $169.14 and a 200-day moving average price of $170.74. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market cap of $17.84 billion, a PE ratio of 27.43, a PEG ratio of 2.84 and a beta of 1.15. 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 posted its earnings results on Tuesday, July 16th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.19). J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same period last year, the business earned $1.81 EPS. J.B. Hunt Transport Services’s revenue was down 6.5% compared to the same quarter last year. On average, equities analysts forecast that J.B. Hunt Transport Services will post 5.7 earnings per share for the current fiscal year.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP Darren P. Field sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $175.03, for a total value of $525,090.00. Following the completion of the sale, the executive vice president now directly owns 14,150 shares in the company, valued at $2,476,674.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Persio V. Lisboa purchased 600 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, July 19th. The shares were acquired at an average cost of $163.47 per share, with a total value of $98,082.00. Following the purchase, the director now owns 3,594 shares of the company’s stock, valued at $587,511.18. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Darren P. Field sold 3,000 shares of J.B. Hunt Transport Services stock in a transaction on 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 sale, the executive vice president now directly owns 14,150 shares of the company’s stock, valued at $2,476,674.50. The disclosure for this sale can be found here. Company insiders own 2.10% of the company’s stock.

Institutional Trading of J.B. Hunt Transport Services

A number of large investors have recently made changes to their positions in the company. Trexquant Investment LP purchased a new stake in J.B. Hunt Transport Services in the fourth quarter valued at approximately $1,463,000. Hsbc Holdings PLC increased its position in shares of J.B. Hunt Transport Services by 6.6% in the fourth quarter. Hsbc Holdings PLC now owns 196,945 shares of the transportation company’s stock worth $39,348,000 after acquiring an additional 12,272 shares in the last quarter. TD Asset Management Inc raised its position in J.B. Hunt Transport Services by 1.8% in the fourth quarter. TD Asset Management Inc now owns 398,847 shares of the transportation company’s stock valued at $79,666,000 after purchasing an additional 6,875 shares during the period. Portfolio Design Labs LLC purchased a new position in J.B. Hunt Transport Services in the 4th quarter worth approximately $1,309,000. Finally, Stifel Financial Corp grew its stake in shares of J.B. Hunt Transport Services by 1.5% during the fourth quarter. Stifel Financial Corp now owns 608,148 shares of the transportation company’s stock valued at $121,472,000 after acquiring an additional 8,872 shares in the last quarter. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

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.