J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Rating Upgraded by Wall Street Zen

J.B. Hunt Transport Services (NASDAQ:JBHT) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Sunday.

Other analysts have also issued research reports about the stock. Truist Financial raised their price objective on shares of J.B. Hunt Transport Services from $205.00 to $230.00 and gave the stock a “hold” rating in a report on Thursday, April 16th. Morgan Stanley increased their price target on J.B. Hunt Transport Services from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 16th. BMO Capital Markets raised their price target on J.B. Hunt Transport Services from $250.00 to $320.00 and gave the company an “outperform” rating in a report on Friday. TD Cowen lifted their price objective on J.B. Hunt Transport Services from $209.00 to $228.00 and gave the company a “hold” rating in a research report on Thursday, April 16th. Finally, Benchmark boosted their price objective on J.B. Hunt Transport Services from $230.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $233.83.

J.B. Hunt Transport Services Stock Up 0.6%

Shares of NASDAQ:JBHT opened at $284.95 on Friday. The company’s fifty day moving average is $245.14 and its 200-day moving average is $218.05. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26. J.B. Hunt Transport Services has a 52 week low of $130.12 and a 52 week high of $289.95. The company has a market capitalization of $26.87 billion, a PE ratio of 44.11, a P/E/G ratio of 2.12 and a beta of 1.30.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Wednesday, April 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.04. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. The business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter last year, the company posted $1.17 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. Equities research analysts predict that J.B. Hunt Transport Services will post 7.27 earnings per share for the current fiscal year.

Insider Activity at J.B. Hunt Transport Services

In other news, Director James K. Thompson sold 1,000 shares of the stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $254.28, for a total value of $254,280.00. Following the transaction, the director owned 19,559 shares of the company’s stock, valued at $4,973,462.52. This represents a 4.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Darren P. Field sold 4,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $254.49, for a total value of $1,017,960.00. Following the completion of the transaction, the executive vice president owned 8,696 shares in the company, valued at $2,213,045.04. This represents a 31.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 15,916 shares of company stock worth $4,109,634. 2.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On J.B. Hunt Transport Services

Several institutional investors have recently modified their holdings of the stock. Hantz Financial Services Inc. increased its stake in shares of J.B. Hunt Transport Services by 52.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 220 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 76 shares during the last quarter. CYBER HORNET ETFs LLC bought a new position in J.B. Hunt Transport Services during the 2nd quarter worth approximately $31,000. Sentry Investment Management LLC acquired a new position in J.B. Hunt Transport Services during the third quarter valued at approximately $32,000. International Assets Investment Management LLC bought a new stake in J.B. Hunt Transport Services in the fourth quarter valued at approximately $32,000. Finally, MUFG Securities EMEA plc bought a new stake in J.B. Hunt Transport Services in the second quarter valued at approximately $34,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.