J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Receives $192.11 Average PT from Analysts

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) has been assigned an average rating of “Moderate Buy” from the eighteen ratings firms that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $191.67.

A number of research firms have recently issued reports on JBHT. 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 note on Wednesday, October 16th. Wells Fargo & Company cut their target price on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “overweight” rating on the stock in a research report on Friday. Bank of America raised their price target on J.B. Hunt Transport Services from $195.00 to $206.00 and gave the stock a “buy” rating in a research report on Thursday. Evercore ISI cut their price objective on J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Susquehanna upgraded J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 target price for the company in a report on Friday, January 3rd.

Insider Activity

In other news, 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 transaction, the executive vice president now directly owns 12,650 shares in the company, valued at approximately $2,321,275. This trade represents a 10.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Eric Mcgee sold 145 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $182.72, for a total transaction of $26,494.40. Following the completion of the sale, the executive vice president now owns 700 shares of the company’s stock, valued at approximately $127,904. This trade represents a 17.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,459 shares of company stock worth $2,136,277. Corporate insiders own 2.10% of the company’s stock.

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

Several hedge funds have recently made changes to their positions in the business. Studio Investment Management LLC grew its stake in shares of J.B. Hunt Transport Services by 5.4% in the 3rd quarter. Studio Investment Management LLC now owns 1,068 shares of the transportation company’s stock valued at $184,000 after purchasing an additional 55 shares during the last quarter. iA Global Asset Management Inc. lifted its holdings in shares of J.B. Hunt Transport Services by 2.6% during the third quarter. iA Global Asset Management Inc. now owns 2,133 shares of the transportation company’s stock worth $368,000 after purchasing an additional 55 shares during the period. Empirical Finance LLC grew its position in J.B. Hunt Transport Services by 2.0% in the 3rd quarter. Empirical Finance LLC now owns 2,855 shares of the transportation company’s stock valued at $492,000 after buying an additional 56 shares during the last quarter. Farther Finance Advisors LLC increased its stake in J.B. Hunt Transport Services by 18.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 388 shares of the transportation company’s stock valued at $67,000 after buying an additional 60 shares during the period. Finally, Huntington National Bank raised its position in J.B. Hunt Transport Services by 21.8% during the 3rd quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock worth $59,000 after buying an additional 61 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Trading Down 7.4 %

JBHT opened at $172.45 on Monday. The business’s 50 day moving average price is $180.08 and its 200 day moving average price is $174.06. 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 stock has a market capitalization of $17.39 billion, a PE ratio of 31.35, a P/E/G ratio of 2.94 and a beta of 1.16. J.B. Hunt Transport Services has a one year low of $153.12 and a one year high of $219.51.

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

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.