J.B. Hunt Transport Services (NASDAQ:JBHT) Rating Reiterated by BMO Capital Markets

J.B. Hunt Transport Services (NASDAQ:JBHT)‘s stock had its “outperform” rating reissued by research analysts at BMO Capital Markets in a research note issued on Wednesday, Benzinga reports. They currently have a $195.00 target price on the transportation company’s stock. BMO Capital Markets’ price target points to a potential upside of 12.40% from the stock’s previous close.

A number of other research firms also recently commented on JBHT. Bank of America lifted their price objective on shares of J.B. Hunt Transport Services from $188.00 to $196.00 and gave the stock a “buy” rating in a report on Wednesday. Loop Capital decreased their price objective on shares of J.B. Hunt Transport Services from $177.00 to $173.00 and set a “hold” rating for the company in a report on Thursday, July 18th. Stephens reaffirmed an “overweight” rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday. Stifel Nicolaus lifted their price objective on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, Susquehanna lifted their price objective on shares of J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and a consensus price target of $187.56.

J.B. Hunt Transport Services Stock Down 3.7 %

JBHT stock opened at $173.48 on Wednesday. J.B. Hunt Transport Services has a twelve month low of $153.12 and a twelve month high of $219.51. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $17.90 billion, a P/E ratio of 27.54, a PEG ratio of 2.84 and a beta of 1.15. The firm has a 50 day simple moving average of $170.47 and a 200-day simple moving average of $167.82.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.07. J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. The business had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter last year, the company earned $1.80 earnings per share. On average, equities research analysts predict that J.B. Hunt Transport Services will post 5.6 earnings per share for the current fiscal year.

Insider Activity at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 3,000 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the sale, the executive vice president now directly owns 14,150 shares in the company, valued at $2,476,674.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On J.B. Hunt Transport Services

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in J.B. Hunt Transport Services by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 9,744,668 shares of the transportation company’s stock worth $1,946,400,000 after acquiring an additional 80,123 shares in the last quarter. Nomura Holdings Inc. bought a new stake in J.B. Hunt Transport Services in the fourth quarter worth about $326,000. Fulton Bank N.A. bought a new stake in J.B. Hunt Transport Services in the first quarter worth about $231,000. Czech National Bank raised its position in J.B. Hunt Transport Services by 0.5% in the first quarter. Czech National Bank now owns 14,347 shares of the transportation company’s stock worth $2,859,000 after acquiring an additional 75 shares in the last quarter. Finally, Park Avenue Securities LLC raised its position in J.B. Hunt Transport Services by 9.0% in the first quarter. Park Avenue Securities LLC now owns 3,007 shares of the transportation company’s stock worth $599,000 after acquiring an additional 248 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Company Profile

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.