J.B. Hunt Transport Services (JBHT) Upgraded to Strong-Buy at BidaskClub

J.B. Hunt Transport Services (NASDAQ:JBHT) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Wednesday.

Other analysts also recently issued research reports about the stock. Barclays increased their price objective on shares of J.B. Hunt Transport Services from $97.00 to $105.00 and gave the company an “equal weight” rating in a research report on Monday, October 2nd. Cowen reaffirmed a “buy” rating and issued a $102.00 price objective on shares of J.B. Hunt Transport Services in a research report on Sunday, October 1st. Loop Capital reaffirmed a “buy” rating and issued a $116.00 price objective on shares of J.B. Hunt Transport Services in a research report on Monday, October 16th. Stifel Nicolaus lowered their price objective on shares of J.B. Hunt Transport Services from $114.00 to $111.00 and set a “buy” rating for the company in a research report on Monday, October 16th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $100.00 price objective (up previously from $95.00) on shares of J.B. Hunt Transport Services in a research report on Monday, October 16th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $118.89.

Shares of J.B. Hunt Transport Services (NASDAQ JBHT) traded up $1.04 during trading hours on Wednesday, reaching $125.03. 623,134 shares of the company’s stock traded hands, compared to its average volume of 971,629. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.52 and a quick ratio of 1.48. J.B. Hunt Transport Services has a one year low of $83.35 and a one year high of $126.49. The firm has a market capitalization of $13,608.27, a P/E ratio of 20.20, a price-to-earnings-growth ratio of 1.88 and a beta of 1.05.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Thursday, January 18th. The transportation company reported $3.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter last year, the company earned $1.05 earnings per share. J.B. Hunt Transport Services’s revenue for the quarter was up 15.6% on a year-over-year basis. equities research analysts anticipate that J.B. Hunt Transport Services will post 5.08 EPS for the current year.

In related news, EVP Bradley W. Hicks sold 1,000 shares of the firm’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $110.33, for a total transaction of $110,330.00. Following the transaction, the executive vice president now directly owns 16,690 shares in the company, valued at $1,841,407.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John Kuhlow sold 500 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $112.55, for a total value of $56,275.00. Following the transaction, the senior vice president now owns 3,499 shares in the company, valued at $393,812.45. The disclosure for this sale can be found here. Company insiders own 4.30% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Teachers Advisors LLC increased its position in J.B. Hunt Transport Services by 4.7% in the 2nd quarter. Teachers Advisors LLC now owns 107,351 shares of the transportation company’s stock valued at $9,810,000 after buying an additional 4,846 shares in the last quarter. Amalgamated Bank increased its position in J.B. Hunt Transport Services by 50.9% in the 2nd quarter. Amalgamated Bank now owns 10,095 shares of the transportation company’s stock valued at $922,000 after buying an additional 3,407 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in J.B. Hunt Transport Services by 6.6% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 247,797 shares of the transportation company’s stock valued at $22,644,000 after buying an additional 15,284 shares in the last quarter. Pinebridge Investments L.P. bought a new stake in J.B. Hunt Transport Services in the 2nd quarter valued at about $297,000. Finally, D.A. Davidson & CO. increased its position in J.B. Hunt Transport Services by 0.4% in the 2nd quarter. D.A. Davidson & CO. now owns 2,733 shares of the transportation company’s stock valued at $249,000 after buying an additional 12 shares in the last quarter. Hedge funds and other institutional investors own 70.94% of the company’s stock.

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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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