J.B. Hunt Transport Services’ (JBHT) Buy Rating Reiterated at Stephens

J.B. Hunt Transport Services (NASDAQ:JBHT)‘s stock had its “buy” rating reiterated by equities research analysts at Stephens in a report released on Friday. They presently have a $140.00 price objective on the transportation company’s stock. Stephens’ price objective points to a potential upside of 13.26% from the stock’s previous close.

A number of other equities analysts have also recently commented on JBHT. Cowen reissued a “hold” rating and issued a $127.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday. Loop Capital reissued a “buy” rating and issued a $145.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday. Barclays lifted their price target on shares of J.B. Hunt Transport Services from $97.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Monday, October 2nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $121.00 price target on shares of J.B. Hunt Transport Services in a research note on Thursday, January 11th. Finally, UBS Group set a $115.00 price target on shares of J.B. Hunt Transport Services and gave the stock a “hold” rating in a research note on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $117.61.

J.B. Hunt Transport Services (NASDAQ JBHT) opened at $123.61 on Friday. J.B. Hunt Transport Services has a 52 week low of $83.35 and a 52 week high of $123.87. The company has a market cap of $13,329.37, a price-to-earnings ratio of 19.97, a price-to-earnings-growth ratio of 1.96 and a beta of 1.05. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.59.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Thursday, January 18th. The transportation company reported $3.48 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $2.45. J.B. Hunt Transport Services had a net margin of 9.55% and a return on equity of 27.32%. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same period last year, the company posted $1.05 EPS. The business’s revenue was up 15.6% on a year-over-year basis. sell-side analysts anticipate that J.B. Hunt Transport Services will post 4.78 earnings per share for the current fiscal year.

In related news, SVP John Kuhlow sold 500 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $112.55, for a total transaction of $56,275.00. Following the completion of the sale, the senior vice president now owns 3,499 shares in the company, valued at approximately $393,812.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Bradley W. Hicks sold 1,000 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $110.33, for a total transaction of $110,330.00. Following the sale, the executive vice president now owns 16,690 shares of the company’s stock, valued at approximately $1,841,407.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 101,500 shares of company stock valued at $11,095,605. 4.30% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in J.B. Hunt Transport Services by 38.9% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 33,851 shares of the transportation company’s stock valued at $3,760,000 after buying an additional 9,475 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in J.B. Hunt Transport Services by 151.1% during the 3rd quarter. Canada Pension Plan Investment Board now owns 148,239 shares of the transportation company’s stock valued at $16,466,000 after buying an additional 89,200 shares in the last quarter. Stephens Investment Management Group LLC lifted its holdings in J.B. Hunt Transport Services by 13.4% during the 3rd quarter. Stephens Investment Management Group LLC now owns 154,612 shares of the transportation company’s stock valued at $17,174,000 after buying an additional 18,249 shares in the last quarter. Commonwealth Bank of Australia lifted its holdings in J.B. Hunt Transport Services by 27.5% during the 3rd quarter. Commonwealth Bank of Australia now owns 6,500 shares of the transportation company’s stock valued at $718,000 after buying an additional 1,400 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in J.B. Hunt Transport Services by 25.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 130,412 shares of the transportation company’s stock valued at $11,917,000 after buying an additional 26,366 shares in the last quarter. Institutional investors own 70.96% of the company’s stock.

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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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