J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)‘s stock had its “buy” rating restated by stock analysts at Loop Capital in a research note issued to investors on Wednesday. They currently have a $116.00 price target on the transportation company’s stock, up from their previous price target of $103.00. Loop Capital’s target price indicates a potential upside of 6.76% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research upgraded J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and set a $115.00 price objective on the stock in a research report on Tuesday, September 19th. Cowen and Company reaffirmed a “buy” rating and issued a $102.00 target price on shares of J.B. Hunt Transport Services in a report on Friday, August 25th. Stifel Nicolaus reiterated a “hold” rating and issued a $88.00 target price on shares of J.B. Hunt Transport Services in a research report on Friday, June 23rd. BidaskClub upgraded J.B. Hunt Transport Services from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 28th. Finally, KeyCorp reiterated a “buy” rating and issued a $115.00 target price on shares of J.B. Hunt Transport Services in a research report on Friday, September 22nd. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. J.B. Hunt Transport Services presently has an average rating of “Buy” and an average price target of $104.19.

Shares of J.B. Hunt Transport Services (NASDAQ:JBHT) traded down 0.38% during mid-day trading on Wednesday, reaching $108.66. The company had a trading volume of 1,311,823 shares. J.B. Hunt Transport Services has a 52-week low of $76.20 and a 52-week high of $111.98. The firm’s 50-day moving average price is $101.61 and its 200 day moving average price is $92.74. The company has a market cap of $11.89 billion, a price-to-earnings ratio of 28.50 and a beta of 0.97.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Monday, July 17th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, missing the 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 for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the company posted $0.92 earnings per share. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. Equities analysts expect that J.B. Hunt Transport Services will post $3.86 EPS for the current year.

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In related news, EVP Terrence D. Matthews sold 2,694 shares of the business’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $101.00, for a total value of $272,094.00. Following the transaction, the executive vice president now owns 21,140 shares in the company, valued at $2,135,140. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder J B. Hunt Llc sold 975,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $98.00, for a total transaction of $95,550,000.00. Following the completion of the transaction, the insider now owns 17,477,085 shares in the company, valued at approximately $1,712,754,330. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,052,872 shares of company stock worth $103,066,436. Insiders own 4.30% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. YorkBridge Wealth Partners LLC raised its position in shares of J.B. Hunt Transport Services by 6.6% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,097 shares of the transportation company’s stock worth $102,000 after acquiring an additional 68 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in shares of J.B. Hunt Transport Services by 3.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,339 shares of the transportation company’s stock valued at $122,000 after purchasing an additional 43 shares during the period. Farmers & Merchants Investments Inc. lifted its stake in shares of J.B. Hunt Transport Services by 1.4% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 1,420 shares of the transportation company’s stock valued at $130,000 after purchasing an additional 20 shares during the period. Van ECK Associates Corp lifted its stake in shares of J.B. Hunt Transport Services by 6.9% in the 1st quarter. Van ECK Associates Corp now owns 1,468 shares of the transportation company’s stock valued at $135,000 after purchasing an additional 95 shares during the period. Finally, Paradigm Asset Management Co. LLC lifted its stake in shares of J.B. Hunt Transport Services by 3.1% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 1,650 shares of the transportation company’s stock valued at $151,000 after purchasing an additional 50 shares during the period. Hedge funds and other institutional investors own 71.54% of the company’s stock.

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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