J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) had its price objective decreased by equities researchers at Stifel Nicolaus from $114.00 to $111.00 in a report released on Monday. The brokerage presently has a “buy” rating on the transportation company’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 9.21% from the stock’s current price.

Several other equities analysts also recently weighed in on JBHT. BidaskClub downgraded J.B. Hunt Transport Services from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Cowen and Company downgraded J.B. Hunt Transport Services from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $102.00 to $101.00 in a report on Monday. BMO Capital Markets restated a “market perform” rating and set a $100.00 price target (up from $95.00) on shares of J.B. Hunt Transport Services in a report on Monday. Zacks Investment Research upgraded J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a report on Tuesday, September 19th. Finally, J P Morgan Chase & Co raised their price target on J.B. Hunt Transport Services from $108.00 to $121.00 and gave the company an “overweight” rating in a report on Thursday. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $107.81.

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

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Friday, October 13th. The transportation company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.05). J.B. Hunt Transport Services had a net margin of 6.05% and a return on equity of 29.28%. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the previous year, the business earned $0.97 earnings per share. J.B. Hunt Transport Services’s revenue was up 9.0% compared to the same quarter last year. On average, analysts forecast that J.B. Hunt Transport Services will post $3.80 EPS 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 business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $91.25, for a total transaction of $638,750.00. Following the completion of the sale, the insider now directly owns 267,377 shares in the company, valued at approximately $24,398,151.25. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder J B. Hunt Llc sold 975,000 shares of the business’s stock in a transaction dated 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 sale, the insider now 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 a total of 1,052,872 shares of company stock valued at $103,066,436 over the last quarter. 4.30% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the business. D.A. Davidson & CO. grew its stake in shares of J.B. Hunt Transport Services by 0.4% during the 2nd quarter. D.A. Davidson & CO. now owns 2,733 shares of the transportation company’s stock valued at $249,000 after purchasing an additional 12 shares during the period. Alps Advisors Inc. grew its stake in shares of J.B. Hunt Transport Services by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 5,071 shares of the transportation company’s stock valued at $463,000 after purchasing an additional 14 shares during the period. Farmers & Merchants Investments Inc. grew its stake in shares of J.B. Hunt Transport Services by 1.4% during 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. Contravisory Investment Management Inc. grew its stake in shares of J.B. Hunt Transport Services by 0.8% during the 2nd quarter. Contravisory Investment Management Inc. now owns 2,605 shares of the transportation company’s stock valued at $238,000 after purchasing an additional 20 shares during the period. Finally, Tudor Investment Corp ET AL grew its stake in shares of J.B. Hunt Transport Services by 0.4% during the 2nd quarter. Tudor Investment Corp ET AL now owns 5,849 shares of the transportation company’s stock valued at $534,000 after purchasing an additional 22 shares during the period. Institutional investors and hedge funds own 71.49% of the company’s stock.

J.B. Hunt Transport Services Company Profile

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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