J.B. Hunt Transport Services (NASDAQ:JBHT) Rating Reiterated by Benchmark

J.B. Hunt Transport Services (NASDAQ:JBHT)‘s stock had its “buy” rating reaffirmed by investment analysts at Benchmark in a note issued to investors on Wednesday, Benzinga reports. They presently have a $215.00 price objective on the transportation company’s stock. Benchmark’s target price suggests a potential upside of 30.94% from the company’s previous close.

JBHT has been the topic of several other reports. Barclays decreased their price target on shares of J.B. Hunt Transport Services from $200.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Robert W. Baird reaffirmed an “outperform” rating and set a $215.00 price objective on shares of J.B. Hunt Transport Services in a report on Friday, January 19th. Stifel Nicolaus reduced their price objective on shares of J.B. Hunt Transport Services from $188.00 to $173.00 and set a “hold” rating for the company in a report on Wednesday. Susquehanna reduced their price objective on shares of J.B. Hunt Transport Services from $195.00 to $185.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Stephens reduced their price objective on shares of J.B. Hunt Transport Services from $210.00 to $192.00 and set an “overweight” rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $194.56.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT opened at $164.20 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.15. The firm has a market capitalization of $16.96 billion, a price-to-earnings ratio of 26.06, a P/E/G ratio of 1.61 and a beta of 1.11. The company’s fifty day moving average is $198.90 and its two-hundred day moving average is $192.97. J.B. Hunt Transport Services has a 52-week low of $160.07 and a 52-week high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Thursday, January 18th. The transportation company reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.27). The company had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.29 billion. J.B. Hunt Transport Services had a return on equity of 16.40% and a net margin of 5.25%. The business’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.92 earnings per share. Equities research analysts forecast that J.B. Hunt Transport Services will post 7.57 EPS for the current year.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, Chairman James K. Thompson sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $206.48, for a total value of $825,920.00. Following the completion of the sale, the chairman now owns 28,259 shares of the company’s stock, valued at $5,834,918.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other J.B. Hunt Transport Services news, Chairman James K. Thompson sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $206.48, for a total value of $825,920.00. Following the completion of the sale, the chairman now owns 28,259 shares of the company’s stock, valued at $5,834,918.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Patrick J. Ottensmeyer purchased 5,000 shares of J.B. Hunt Transport Services stock in a transaction dated Monday, March 4th. The stock was bought at an average price of $202.99 per share, with a total value of $1,014,950.00. Following the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at $1,014,950. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 20,432 shares of company stock valued at $4,309,687. Corporate insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC boosted its holdings in shares of J.B. Hunt Transport Services by 7.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 825 shares of the transportation company’s stock valued at $165,000 after buying an additional 54 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of J.B. Hunt Transport Services by 0.9% in the first quarter. Mackenzie Financial Corp now owns 6,297 shares of the transportation company’s stock valued at $1,264,000 after buying an additional 56 shares during the period. Drive Wealth Management LLC boosted its holdings in J.B. Hunt Transport Services by 3.5% during the fourth quarter. Drive Wealth Management LLC now owns 1,696 shares of the transportation company’s stock worth $339,000 after purchasing an additional 57 shares during the last quarter. Garrison Asset Management LLC boosted its holdings in J.B. Hunt Transport Services by 0.4% during the third quarter. Garrison Asset Management LLC now owns 13,432 shares of the transportation company’s stock worth $2,532,000 after purchasing an additional 59 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its holdings in J.B. Hunt Transport Services by 0.5% during the first quarter. Yousif Capital Management LLC now owns 13,252 shares of the transportation company’s stock worth $2,661,000 after purchasing an additional 60 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

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.