J.B. Hunt Transport Services (NASDAQ:JBHT) Receives Overweight Rating from Stephens

J.B. Hunt Transport Services (NASDAQ:JBHT)‘s stock had its “overweight” rating restated by investment analysts at Stephens in a report issued on Friday,Benzinga reports. They currently have a $205.00 price target on the transportation company’s stock. Stephens’ price target would indicate a potential upside of 18.48% from the stock’s current price.

Other equities analysts have also issued reports about the company. Raymond James boosted their price objective on J.B. Hunt Transport Services from $195.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Evercore ISI dropped their price objective on shares of J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating on the stock in a research report on Friday. Citigroup raised their price objective on J.B. Hunt Transport Services from $204.00 to $227.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. lowered their price target on J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating for the company in a report on Friday. Finally, Bank of America increased their price objective on shares of J.B. Hunt Transport Services from $195.00 to $206.00 and gave the company a “buy” rating in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and an average target price of $194.39.

J.B. Hunt Transport Services Price Performance

J.B. Hunt Transport Services stock traded down $13.18 on Friday, reaching $173.02. The company’s stock had a trading volume of 1,583,035 shares, compared to its average volume of 880,885. The business’s fifty day moving average price is $180.47 and its 200 day moving average price is $173.76. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. 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 market cap of $17.45 billion, a price-to-earnings ratio of 31.46, 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 analysts’ consensus estimates of $1.62 by ($0.09). J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the previous year, the firm earned $1.47 EPS. The company’s revenue was down 4.5% compared to the same quarter last year. Equities analysts expect that J.B. Hunt Transport Services will post 5.67 earnings per share for the current fiscal year.

Insider Activity

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,500 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total value of $275,250.00. Following the completion of the transaction, the executive vice president now owns 12,650 shares of the company’s stock, valued at approximately $2,321,275. The trade was a 10.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Spencer Frazier sold 2,200 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total transaction of $427,262.00. Following the sale, the executive vice president now directly owns 4,050 shares in the company, valued at approximately $786,550.50. The trade was a 35.20 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,459 shares of company stock worth $2,136,277. Insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its position in J.B. Hunt Transport Services by 25.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock worth $152,589,000 after purchasing an additional 193,684 shares during the period. Paloma Partners Management Co boosted its stake in shares of J.B. Hunt Transport Services by 14,254.9% in the 3rd quarter. Paloma Partners Management Co now owns 185,896 shares of the transportation company’s stock worth $32,035,000 after buying an additional 184,601 shares during the last quarter. Mizuho Securities USA LLC increased its position in J.B. Hunt Transport Services by 2,384.8% during the third quarter. Mizuho Securities USA LLC now owns 156,097 shares of the transportation company’s stock valued at $25,297,000 after acquiring an additional 149,815 shares during the last quarter. Assenagon Asset Management S.A. increased its position in J.B. Hunt Transport Services by 155.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 220,840 shares of the transportation company’s stock valued at $37,689,000 after acquiring an additional 134,476 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in J.B. Hunt Transport Services by 282.8% in the second quarter. AQR Capital Management LLC now owns 173,637 shares of the transportation company’s stock valued at $27,740,000 after acquiring an additional 128,283 shares during the period. 74.95% of the stock is owned by hedge funds and other 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.