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

J.B. Hunt Transport Services (NASDAQ:JBHT)‘s stock had its “outperform” rating reaffirmed by analysts at BMO Capital Markets in a research note issued on Wednesday, Benzinga reports. They currently have a $195.00 target price on the transportation company’s stock. BMO Capital Markets’ price target would indicate a potential upside of 8.96% from the stock’s current price.

Several other equities analysts have also recently issued reports on JBHT. Benchmark reiterated a “buy” rating and issued a $185.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday. The Goldman Sachs Group lowered their price target on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Susquehanna boosted their price target on shares of J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday. Stifel Nicolaus raised 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 note on Wednesday. Finally, Evercore ISI upped their target price on shares of J.B. Hunt Transport Services from $183.00 to $185.00 and gave the company an “outperform” rating in a research report on Wednesday. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $185.94.

J.B. Hunt Transport Services Price Performance

JBHT traded up $4.31 during midday trading on Wednesday, hitting $178.96. The company had a trading volume of 1,769,663 shares, compared to its average volume of 847,879. J.B. Hunt Transport Services has a twelve month low of $153.12 and a twelve month high of $219.51. The company has a market capitalization of $18.47 billion, a PE ratio of 28.41, a P/E/G ratio of 2.84 and a beta of 1.15. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.21 and a current ratio of 1.21. The firm’s 50-day simple moving average is $169.93 and its 200-day simple moving average is $167.70.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.07. J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. The business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.04 billion. During the same quarter last year, the business posted $1.80 earnings per share. Equities research analysts predict that J.B. Hunt Transport Services will post 5.6 EPS for the current fiscal year.

Insiders Place Their Bets

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

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

Several hedge funds have recently modified their holdings of the stock. Hutchens & Kramer Investment Management Group LLC boosted its position in J.B. Hunt Transport Services by 6.9% during the third quarter. Hutchens & Kramer Investment Management Group LLC now owns 1,603 shares of the transportation company’s stock valued at $272,000 after purchasing an additional 103 shares during the last quarter. Washington Capital Management Inc. raised its stake in shares of J.B. Hunt Transport Services by 45.8% during the 3rd quarter. Washington Capital Management Inc. now owns 3,500 shares of the transportation company’s stock worth $603,000 after purchasing an additional 1,100 shares in the last quarter. Boston Mountain Money Management Inc. boosted its holdings in shares of J.B. Hunt Transport Services by 30.5% in the 3rd quarter. Boston Mountain Money Management Inc. now owns 3,264 shares of the transportation company’s stock valued at $563,000 after buying an additional 762 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in shares of J.B. Hunt Transport Services in the third quarter valued at $119,000. Finally, Gateway Investment Advisers LLC increased its holdings in J.B. Hunt Transport Services by 5.8% during the third quarter. Gateway Investment Advisers LLC now owns 2,856 shares of the transportation company’s stock worth $492,000 after buying an additional 157 shares during the last quarter. Institutional investors own 74.95% of the company’s stock.

About J.B. Hunt Transport Services

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.