J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

JBHT has been the subject of several other reports. Cowen and Company lowered their price objective on shares of J.B. Hunt Transport Services from $102.00 to $101.00 and set an “outperform” rating for the company in a report on Wednesday, April 19th. Zacks Investment Research lowered shares of J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a report on Monday, May 15th. J P Morgan Chase & Co started coverage on shares of J.B. Hunt Transport Services in a report on Tuesday, May 23rd. They issued an “overweight” rating and a $107.00 price objective for the company. Deutsche Bank AG raised their price objective on shares of J.B. Hunt Transport Services from $90.00 to $110.00 and gave the stock a “hold” rating in a report on Wednesday, April 19th. Finally, Bank of America Corporation restated a “buy” rating and issued a $109.00 price objective (up from $98.00) on shares of J.B. Hunt Transport Services in a report on Monday, July 10th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $98.73.

Shares of J.B. Hunt Transport Services (NASDAQ:JBHT) traded down 0.27% during mid-day trading on Thursday, reaching $96.63. The company had a trading volume of 988,850 shares. The firm has a 50-day moving average of $92.51 and a 200-day moving average of $91.93. J.B. Hunt Transport Services has a 12-month low of $76.20 and a 12-month high of $102.38. The company has a market capitalization of $10.57 billion, a P/E ratio of 25.35 and a beta of 0.94.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Monday, July 17th. The transportation company reported $0.88 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by $0.04. J.B. Hunt Transport Services had a return on equity of 30.00% and a net margin of 6.32%. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter last year, the business earned $0.92 earnings per share. The business’s quarterly revenue was up 6.9% on a year-over-year basis. On average, equities analysts anticipate that J.B. Hunt Transport Services will post $3.88 earnings per share for the current fiscal year.

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In other J.B. Hunt Transport Services news, insider John N. Roberts sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $91.25, for a total transaction of $638,750.00. Following the completion of the transaction, the insider now owns 267,377 shares of the company’s stock, valued at $24,398,151.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David G. Mee sold 10,767 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $91.29, for a total transaction of $982,919.43. Following the transaction, the chief financial officer now directly owns 109,500 shares of the company’s stock, valued at approximately $9,996,255. The disclosure for this sale can be found here. Insiders have sold 37,148 shares of company stock valued at $3,433,555 in the last ninety days. Insiders own 4.30% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Contravisory Investment Management Inc. increased its stake in shares of J.B. Hunt Transport Services by 0.8% in the second quarter. Contravisory Investment Management Inc. now owns 2,605 shares of the transportation company’s stock valued at $238,000 after buying an additional 20 shares during the period. Lazard Asset Management LLC increased its stake in shares of J.B. Hunt Transport Services by 912.4% in the first quarter. Lazard Asset Management LLC now owns 329,257 shares of the transportation company’s stock valued at $30,205,000 after buying an additional 296,736 shares during the period. Bronfman E.L. Rothschild L.P. increased its stake in shares of J.B. Hunt Transport Services by 3.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,296 shares of the transportation company’s stock valued at $119,000 after buying an additional 43 shares during the period. Martingale Asset Management L P purchased a new stake in shares of J.B. Hunt Transport Services during the first quarter valued at $5,945,000. Finally, Ameritas Investment Partners Inc. increased its stake in shares of J.B. Hunt Transport Services by 86.6% in the first quarter. Ameritas Investment Partners Inc. now owns 4,331 shares of the transportation company’s stock valued at $397,000 after buying an additional 2,010 shares during the period. 73.14% of the stock is owned by institutional investors.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

Analyst Recommendations for J.B. Hunt Transport Services (NASDAQ:JBHT)

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