J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Rating Reaffirmed by BMO Capital Markets

BMO Capital Markets reissued their outperform rating on shares of J.B. Hunt Transport Services (NASDAQ:JBHT) in a research report released on Wednesday, Benzinga reports. BMO Capital Markets currently has a $195.00 price target on the transportation company’s stock.

A number of other research analysts also recently weighed in on JBHT. Evercore ISI raised their price target on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the company an “outperform” rating in a research note on Wednesday. Loop Capital decreased their target price on shares of J.B. Hunt Transport Services from $177.00 to $173.00 and set a “hold” rating for the company in a research note on Thursday, July 18th. Susquehanna boosted their target price on shares of J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday. Benchmark reiterated a “buy” rating and issued a $185.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday. Finally, Stifel Nicolaus lifted their price objective on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the company a “hold” rating in a research report on Wednesday. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $186.78.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT opened at $180.15 on Wednesday. The stock has a market capitalization of $18.59 billion, a price-to-earnings ratio of 28.60, a PEG ratio of 2.84 and a beta of 1.15. J.B. Hunt Transport Services has a 12 month low of $153.12 and a 12 month high of $219.51. The firm has a fifty day simple moving average of $170.28 and a 200 day simple moving average of $167.78. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.36.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.42 by $0.07. The firm had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.04 billion. J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. During the same period in the previous year, the firm posted $1.80 EPS. Research analysts forecast that J.B. Hunt Transport Services will post 5.6 EPS for the current fiscal year.

Insider Transactions at J.B. Hunt Transport Services

In other news, Director Persio V. Lisboa bought 600 shares of the stock in a transaction dated Friday, July 19th. The shares were bought at an average price of $163.47 per share, for a total transaction of $98,082.00. Following the completion of the purchase, the director now owns 3,594 shares in the company, valued at approximately $587,511.18. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Darren P. Field sold 3,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $175.03, for a total value of $525,090.00. Following the completion of the sale, the executive vice president now owns 14,150 shares of the company’s stock, valued at approximately $2,476,674.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Persio V. Lisboa acquired 600 shares of J.B. Hunt Transport Services stock in a transaction on Friday, July 19th. The shares were purchased at an average price of $163.47 per share, for a total transaction of $98,082.00. Following the completion of the purchase, the director now directly owns 3,594 shares of the company’s stock, valued at approximately $587,511.18. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.10% of the company’s stock.

Institutional Trading of J.B. Hunt Transport Services

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. raised its holdings in shares of J.B. Hunt Transport Services by 2,722.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 545,042 shares of the transportation company’s stock worth $108,600,000 after buying an additional 525,729 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of J.B. Hunt Transport Services by 25.5% during the second quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock worth $152,589,000 after purchasing an additional 193,684 shares during the period. AQR Capital Management LLC grew its stake in shares of J.B. Hunt Transport Services by 282.8% in the second quarter. AQR Capital Management LLC now owns 173,637 shares of the transportation company’s stock worth $27,740,000 after purchasing an additional 128,283 shares during the last quarter. Legacy Capital Wealth Partners LLC acquired a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at about $19,755,000. Finally, Renaissance Technologies LLC bought a new position in J.B. Hunt Transport Services during the 2nd quarter worth approximately $16,887,000. 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.