J.B. Hunt Transport Services (NASDAQ:JBHT) Given “Buy” Rating at Benchmark

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

JBHT has been the topic of several other reports. TD Cowen reduced their price objective on J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating on the stock in a research note on Friday. Citigroup lifted their price target on shares of J.B. Hunt Transport Services from $204.00 to $227.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. 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. Susquehanna raised shares of J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 target price on the stock in a research note on Friday, January 3rd. Finally, Evercore ISI dropped their price target on J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating for the company in a research note on Friday. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $191.67.

J.B. Hunt Transport Services Price Performance

JBHT stock opened at $172.45 on Friday. The company’s 50-day moving average price is $180.08 and its two-hundred day moving average price is $173.85. The firm has a market cap of $17.39 billion, a P/E ratio of 31.35, a P/E/G ratio of 2.94 and a beta of 1.16. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. J.B. Hunt Transport Services has a 12 month low of $153.12 and a 12 month high of $219.51.

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

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Spencer Frazier sold 2,200 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total transaction of $427,262.00. Following the completion of the sale, the executive vice president now directly owns 4,050 shares in the company, valued at approximately $786,550.50. This trade represents a 35.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Darren P. Field sold 1,500 shares of J.B. Hunt Transport Services 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 directly owns 12,650 shares of the company’s stock, valued at approximately $2,321,275. This trade represents a 10.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,459 shares of company stock worth $2,136,277. Company insiders own 2.10% of the company’s stock.

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

Large investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC lifted its stake in J.B. Hunt Transport Services by 0.7% in the third quarter. Janus Henderson Group PLC now owns 3,374,724 shares of the transportation company’s stock valued at $581,567,000 after buying an additional 22,563 shares during the period. State Street Corp grew its position in shares of J.B. Hunt Transport Services by 0.6% during the 3rd quarter. State Street Corp now owns 3,289,874 shares of the transportation company’s stock worth $566,944,000 after buying an additional 19,826 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of J.B. Hunt Transport Services by 6.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,685,068 shares of the transportation company’s stock valued at $269,611,000 after acquiring an additional 105,500 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of J.B. Hunt Transport Services by 25.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock valued at $152,589,000 after acquiring an additional 193,684 shares during the period. Finally, Parnassus Investments LLC boosted its stake in J.B. Hunt Transport Services by 14.1% during the third quarter. Parnassus Investments LLC now owns 753,005 shares of the transportation company’s stock worth $129,765,000 after acquiring an additional 93,213 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

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.