J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Rating Lowered by Wall Street Zen

J.B. Hunt Transport Services (NASDAQ:JBHT) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, Wall Street Zen reports.

A number of other equities research analysts also recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of J.B. Hunt Transport Services from $280.00 to $313.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Benchmark increased their price target on J.B. Hunt Transport Services from $250.00 to $300.00 and gave the company a “buy” rating in a report on Friday, June 26th. Bank of America dropped their price target on J.B. Hunt Transport Services from $340.00 to $302.00 and set a “buy” rating on the stock in a research note on Wednesday, September 16th. Citigroup raised J.B. Hunt Transport Services from a “market perform” rating to an “outperform” rating in a report on Thursday, September 17th. Finally, Robert W. Baird reduced their price objective on J.B. Hunt Transport Services from $320.00 to $290.00 and set an “outperform” rating for the company in a research report on Thursday, September 17th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $284.17.

J.B. Hunt Transport Services Price Performance

JBHT opened at $237.41 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market capitalization of $22.30 billion, a P/E ratio of 33.63, a P/E/G ratio of 1.90 and a beta of 1.29. The company’s 50-day simple moving average is $270.22 and its two-hundred day simple moving average is $256.62. J.B. Hunt Transport Services has a 52-week low of $130.12 and a 52-week high of $299.76.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.20. The firm had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.26 billion. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.31 earnings per share. As a group, analysts predict that J.B. Hunt Transport Services will post 7.58 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Elevation Wealth Partners LLC increased its holdings in J.B. Hunt Transport Services by 500.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 150 shares of the transportation company’s stock worth $43,000 after purchasing an additional 125 shares during the period. Basecamp Wealth Advisors LLC lifted its holdings in shares of J.B. Hunt Transport Services by 250.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 217 shares of the transportation company’s stock worth $46,000 after buying an additional 155 shares during the period. Root Financial Partners LLC grew its position in shares of J.B. Hunt Transport Services by 25.4% during the 4th quarter. Root Financial Partners LLC now owns 232 shares of the transportation company’s stock worth $45,000 after buying an additional 47 shares in the last quarter. Parkside Financial Bank & Trust grew its position in shares of J.B. Hunt Transport Services by 17.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 250 shares of the transportation company’s stock worth $72,000 after buying an additional 38 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in shares of J.B. Hunt Transport Services by 47.0% during the fourth quarter. Larson Financial Group LLC now owns 269 shares of the transportation company’s stock valued at $52,000 after buying an additional 86 shares during the period. 74.95% of the stock is owned by hedge funds and other institutional investors.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a transportation and logistics company headquartered in Lowell, Arkansas. Through its operating segments, the company provides freight transportation, logistics and supply-chain services to customers across North America.

Its principal businesses include intermodal transportation, which combines rail and trucking; dedicated contract services, which provides customized transportation and fleet-management solutions; and integrated capacity solutions, which matches customer freight with available transportation capacity.