J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Given Average Rating of “Moderate Buy” by Analysts

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) has been given an average rating of “Moderate Buy” by the eighteen ratings firms that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $191.67.

Several research firms have commented on JBHT. The Goldman Sachs Group lowered their price target on J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Citigroup lowered their target price on shares of J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating for the company in a report on Friday. Wells Fargo & Company cut their price target on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “overweight” rating on the stock in a research note on Friday. BMO Capital Markets reissued an “outperform” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Finally, Loop Capital lifted their target price on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a “hold” rating in a report on Thursday, October 17th.

J.B. Hunt Transport Services Price Performance

JBHT stock opened at $172.45 on Monday. The stock’s 50 day moving average price is $180.08 and its 200 day moving average price is $174.06. The firm has a market cap of $17.39 billion, a P/E ratio of 31.35, a PEG ratio of 2.94 and a beta of 1.16. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. J.B. Hunt Transport Services has a 1 year low of $153.12 and a 1 year high of $219.51.

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

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

In other J.B. Hunt Transport Services news, EVP Spencer Frazier sold 2,200 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total value of $427,262.00. Following the transaction, the executive vice president now owns 4,050 shares in the company, valued at approximately $786,550.50. This represents a 35.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Darren P. Field sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total transaction of $275,250.00. Following the sale, the executive vice president now directly owns 12,650 shares of the company’s stock, valued at $2,321,275. This trade represents a 10.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,459 shares of company stock valued at $2,136,277 in the last three months. 2.10% of the stock is currently owned by company insiders.

Institutional Trading of J.B. Hunt Transport Services

Institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in shares of J.B. Hunt Transport Services by 25.5% during the 2nd 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 in the last quarter. Paloma Partners Management Co raised its position in J.B. Hunt Transport Services by 14,254.9% during the third quarter. Paloma Partners Management Co now owns 185,896 shares of the transportation company’s stock valued at $32,035,000 after acquiring an additional 184,601 shares in the last quarter. Mizuho Securities USA LLC lifted its stake in J.B. Hunt Transport Services by 2,384.8% in the third quarter. Mizuho Securities USA LLC now owns 156,097 shares of the transportation company’s stock valued at $25,297,000 after acquiring an additional 149,815 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of J.B. Hunt Transport Services by 155.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 220,840 shares of the transportation company’s stock worth $37,689,000 after purchasing an additional 134,476 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of J.B. Hunt Transport Services by 282.8% during the 2nd 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. Institutional investors and hedge funds 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.