J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)‘s stock had its “buy” rating reissued by equities research analysts at Loop Capital in a research report issued on Monday. They currently have a $116.00 target price on the transportation company’s stock. Loop Capital’s price target would indicate a potential upside of 14.13% from the company’s previous close.

JBHT has been the topic of a number of other research reports. BidaskClub downgraded J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Credit Suisse Group reiterated a “buy” rating and set a $114.00 price objective (up previously from $100.00) on shares of J.B. Hunt Transport Services in a research report on Thursday. They noted that the move was a valuation call. Robert W. Baird reissued a “hold” rating and set a $112.00 target price on shares of J.B. Hunt Transport Services in a research note on Friday, October 6th. Zacks Investment Research raised J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a research note on Tuesday, September 19th. Finally, KeyCorp reissued a “buy” rating and set a $115.00 target price on shares of J.B. Hunt Transport Services in a research note on Friday, September 22nd. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. J.B. Hunt Transport Services currently has an average rating of “Hold” and a consensus price target of $107.81.

Shares of J.B. Hunt Transport Services (NASDAQ:JBHT) traded down 2.28% during mid-day trading on Monday, hitting $101.64. The stock had a trading volume of 1,800,391 shares. The firm has a 50 day moving average of $103.94 and a 200-day moving average of $93.62. J.B. Hunt Transport Services has a one year low of $76.20 and a one year high of $111.98. The stock has a market cap of $11.12 billion, a P/E ratio of 26.66 and a beta of 0.96.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Friday, October 13th. The transportation company reported $0.91 EPS for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.05). J.B. Hunt Transport Services had a return on equity of 29.28% and a net margin of 6.05%. The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the business posted $0.97 EPS. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. Equities research analysts expect that J.B. Hunt Transport Services will post $3.80 earnings per share for the current fiscal year.

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In other news, SVP John Kuhlow sold 810 shares of J.B. Hunt Transport Services stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $93.71, for a total value of $75,905.10. Following the completion of the sale, the senior vice president now directly owns 3,999 shares of the company’s stock, valued at $374,746.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder J B. Hunt Llc sold 975,000 shares of J.B. Hunt Transport Services stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $98.00, for a total value of $95,550,000.00. Following the completion of the sale, the insider now directly owns 17,477,085 shares of the company’s stock, valued at $1,712,754,330. The disclosure for this sale can be found here. Insiders sold 1,052,872 shares of company stock valued at $103,066,436 over the last ninety days. Insiders own 4.30% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Lord Abbett & CO. LLC grew its stake in J.B. Hunt Transport Services by 9.2% during the 2nd quarter. Lord Abbett & CO. LLC now owns 158,981 shares of the transportation company’s stock worth $14,528,000 after purchasing an additional 13,355 shares in the last quarter. Toronto Dominion Bank grew its stake in J.B. Hunt Transport Services by 24.1% during the 2nd quarter. Toronto Dominion Bank now owns 29,101 shares of the transportation company’s stock worth $2,658,000 after purchasing an additional 5,642 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in J.B. Hunt Transport Services during the 2nd quarter worth $211,000. Castleark Management LLC grew its stake in J.B. Hunt Transport Services by 9.3% during the 2nd quarter. Castleark Management LLC now owns 249,957 shares of the transportation company’s stock worth $22,841,000 after purchasing an additional 21,324 shares in the last quarter. Finally, Nomura Holdings Inc. grew its stake in J.B. Hunt Transport Services by 2,346.5% during the 2nd quarter. Nomura Holdings Inc. now owns 204,184 shares of the transportation company’s stock worth $18,664,000 after purchasing an additional 195,838 shares in the last quarter. 71.49% of the stock is owned by institutional investors and hedge funds.

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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