J.B. Hunt Transport Services (NASDAQ:JBHT) Earns Overweight Rating from Analysts at Wells Fargo & Company

Research analysts at Wells Fargo & Company assumed coverage on shares of J.B. Hunt Transport Services (NASDAQ:JBHT) in a research note issued on Friday, MarketBeat Ratings reports. The firm set an “overweight” rating and a $185.00 price target on the transportation company’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 15.65% from the stock’s current price.

JBHT has been the subject of a number of other reports. Barclays reduced their target price on shares of J.B. Hunt Transport Services from $200.00 to $170.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 17th. Robert W. Baird reduced their target price on shares of J.B. Hunt Transport Services from $215.00 to $205.00 and set an “outperform” rating for the company in a research note on Wednesday, April 17th. Susquehanna reduced their target price on shares of J.B. Hunt Transport Services from $195.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, April 17th. Bank of America reduced their target price on shares of J.B. Hunt Transport Services from $215.00 to $199.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. Finally, Stifel Nicolaus reduced their price objective on shares of J.B. Hunt Transport Services from $188.00 to $173.00 and set a “hold” rating for the company in a research note on Wednesday, April 17th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and a consensus price target of $192.76.

J.B. Hunt Transport Services Price Performance

JBHT opened at $159.96 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.33. J.B. Hunt Transport Services has a 12 month low of $154.10 and a 12 month high of $219.51. The company has a fifty day simple moving average of $170.14 and a 200 day simple moving average of $188.83. The stock has a market cap of $16.51 billion, a P/E ratio of 25.39, a P/E/G ratio of 1.81 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Tuesday, April 16th. The transportation company reported $1.22 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.31). The firm had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $3.12 billion. J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.25%. On average, research analysts expect that J.B. Hunt Transport Services will post 6.48 EPS for the current year.

Insider Buying and Selling at J.B. Hunt Transport Services

In related news, CEO John N. Roberts purchased 6,200 shares of the stock in a transaction on Friday, April 26th. The shares were purchased at an average cost of $161.06 per share, with a total value of $998,572.00. Following the acquisition, the chief executive officer now directly owns 313,955 shares in the company, valued at $50,565,592.30. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in J.B. Hunt Transport Services by 0.3% in the first quarter. Vanguard Group Inc. now owns 9,769,777 shares of the transportation company’s stock valued at $1,946,628,000 after acquiring an additional 25,109 shares during the last quarter. Victory Capital Management Inc. boosted its position in J.B. Hunt Transport Services by 3.0% in the fourth quarter. Victory Capital Management Inc. now owns 2,168,748 shares of the transportation company’s stock valued at $433,186,000 after buying an additional 62,313 shares in the last quarter. JPMorgan Chase & Co. boosted its position in J.B. Hunt Transport Services by 184.6% in the third quarter. JPMorgan Chase & Co. now owns 2,154,757 shares of the transportation company’s stock valued at $406,215,000 after buying an additional 1,397,651 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of J.B. Hunt Transport Services by 5.6% during the third quarter. Invesco Ltd. now owns 1,090,774 shares of the transportation company’s stock worth $205,633,000 after purchasing an additional 57,546 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of J.B. Hunt Transport Services by 7,720.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 983,703 shares of the transportation company’s stock worth $196,485,000 after purchasing an additional 971,124 shares during the period. 74.95% of the stock is owned by institutional investors.

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.