J.B. Hunt Transport Services’ (JBHT) “Overweight” Rating Reaffirmed at Stephens

J.B. Hunt Transport Services (NASDAQ:JBHT)‘s stock had its “overweight” rating reaffirmed by analysts at Stephens in a research note issued on Friday,Benzinga reports. They presently have a $205.00 price target on the transportation company’s stock. Stephens’ price objective suggests a potential upside of 18.48% from the stock’s previous close.

A number of other analysts also recently issued reports on the company. Benchmark reaffirmed a “buy” rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday. The Goldman Sachs Group reduced their price target on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Evercore ISI lowered their price objective on shares of J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating for the company in a research report on Friday. Barclays boosted their target price on shares of J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Finally, Stifel Nicolaus lowered their price target on shares of J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating for the company in a report on Wednesday. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $194.39.

J.B. Hunt Transport Services Price Performance

J.B. Hunt Transport Services stock traded down $13.18 during mid-day trading on Friday, hitting $173.02. The stock had a trading volume of 1,583,035 shares, compared to its average volume of 880,885. J.B. Hunt Transport Services has a one year low of $153.12 and a one year high of $219.51. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $17.45 billion, a P/E ratio of 31.46, a P/E/G ratio of 2.94 and a beta of 1.16. The firm’s 50 day moving average is $180.47 and its 200 day moving average is $173.76.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.09). J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the previous year, the company earned $1.47 earnings per share. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. On average, sell-side analysts forecast that J.B. Hunt Transport Services will post 5.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Darren P. Field sold 1,500 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total transaction of $275,250.00. Following the completion of the sale, the executive vice president now directly owns 12,650 shares in the company, valued at $2,321,275. This represents a 10.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Eric Mcgee sold 145 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $182.72, for a total transaction of $26,494.40. Following the completion of the transaction, the executive vice president now owns 700 shares of the company’s stock, valued at $127,904. This represents a 17.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,459 shares of company stock worth $2,136,277 in the last three months. Corporate insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of JBHT. Catalyst Capital Advisors LLC purchased a new stake in J.B. Hunt Transport Services during the third quarter valued at approximately $26,000. True Wealth Design LLC increased its position in shares of J.B. Hunt Transport Services by 2,028.6% during the third quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock worth $26,000 after purchasing an additional 142 shares in the last quarter. Cromwell Holdings LLC lifted its holdings in shares of J.B. Hunt Transport Services by 47.2% during the 3rd quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company’s stock valued at $41,000 after purchasing an additional 76 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of J.B. Hunt Transport Services by 102.2% in the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock worth $48,000 after purchasing an additional 142 shares in the last quarter. Finally, Huntington National Bank grew its stake in J.B. Hunt Transport Services by 21.8% during the 3rd quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock worth $59,000 after buying an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.