J.B. Hunt Transport Services’ (JBHT) Buy Rating Reiterated at Benchmark

Benchmark reiterated their buy rating on shares of J.B. Hunt Transport Services (NASDAQ:JBHT) in a research report sent to investors on Friday,Benzinga reports. Benchmark currently has a $195.00 price objective on the transportation company’s stock.

Several other equities research analysts have also recently weighed in on JBHT. Stephens reiterated an “overweight” rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Bank of America increased their price target on shares of J.B. Hunt Transport Services from $195.00 to $206.00 and gave the stock a “buy” rating in a research report on Thursday. TD Cowen dropped their price target on shares of J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating for the company in a research report on Friday. Susquehanna raised shares of J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 price target for the company in a research report on Friday, January 3rd. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.67.

J.B. Hunt Transport Services Stock Down 7.4 %

NASDAQ JBHT opened at $172.45 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a 50-day simple moving average of $180.08 and a 200 day simple moving average of $174.06. J.B. Hunt Transport Services has a twelve month low of $153.12 and a twelve month high of $219.51. The stock has a market cap of $17.39 billion, a PE ratio of 31.35, a PEG ratio of 2.94 and a beta of 1.16.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.09). J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. The company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the previous year, the business posted $1.47 EPS. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. On average, research analysts forecast that J.B. Hunt Transport Services will post 5.67 EPS for the current year.

Insider Activity at J.B. Hunt Transport Services

In related news, CEO Shelley Simpson sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $183.47, for a total value of $1,100,820.00. Following the completion of the sale, the chief executive officer now owns 82,264 shares of the company’s stock, valued at $15,092,976.08. This trade represents a 6.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Darren P. Field sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total transaction of $275,250.00. Following the completion of the sale, the executive vice president now directly owns 12,650 shares of the company’s stock, valued at approximately $2,321,275. This represents a 10.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,459 shares of company stock valued at $2,136,277 over the last quarter. Corporate insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On J.B. Hunt Transport Services

Hedge funds and other institutional investors have recently bought and sold shares of the business. True Wealth Design LLC boosted its stake in J.B. Hunt Transport Services by 2,028.6% in the third quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 142 shares during the last quarter. Catalyst Capital Advisors LLC bought a new position in J.B. Hunt Transport Services in the third quarter valued at approximately $26,000. Cromwell Holdings LLC boosted its stake in J.B. Hunt Transport Services by 47.2% in the third quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company’s stock valued at $41,000 after acquiring an additional 76 shares during the last quarter. Versant Capital Management Inc boosted its stake in J.B. Hunt Transport Services by 102.2% in the fourth quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock valued at $48,000 after acquiring an additional 142 shares during the last quarter. Finally, Huntington National Bank boosted its stake in J.B. Hunt Transport Services by 21.8% in the third quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock valued at $59,000 after acquiring an additional 61 shares during the last quarter. 74.95% of the stock is 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.