J B Hunt Transport Services (NASDAQ:JBHT) Lifted to Buy at BidaskClub

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BidaskClub upgraded shares of J B Hunt Transport Services (NASDAQ:JBHT) from a hold rating to a buy rating in a research note released on Saturday, BidAskClub reports.

JBHT has been the topic of a number of other research reports. TheStreet upgraded J B Hunt Transport Services from a c+ rating to a b- rating in a report on Friday, May 8th. Argus upgraded J B Hunt Transport Services from a hold rating to a buy rating and raised their target price for the stock from $100.00 to $115.00 in a report on Friday, April 17th. UBS Group raised their target price on J B Hunt Transport Services from $91.00 to $99.00 and gave the stock a neutral rating in a report on Wednesday, April 15th. Deutsche Bank raised their target price on J B Hunt Transport Services from $87.00 to $98.00 and gave the stock a sell rating in a report on Wednesday, June 17th. Finally, Raymond James reduced their target price on J B Hunt Transport Services from $130.00 to $117.00 and set an outperform rating on the stock in a report on Wednesday, April 15th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $109.94.

J B Hunt Transport Services stock opened at $120.34 on Friday. The business’s 50-day simple moving average is $113.31 and its 200 day simple moving average is $106.98. The stock has a market cap of $12.58 billion, a price-to-earnings ratio of 24.26, a P/E/G ratio of 1.85 and a beta of 1.00. J B Hunt Transport Services has a 12-month low of $75.29 and a 12-month high of $122.39. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.57.

J B Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Tuesday, April 14th. The transportation company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.06). The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.20 billion. J B Hunt Transport Services had a net margin of 5.71% and a return on equity of 24.76%. J B Hunt Transport Services’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.09 EPS. As a group, sell-side analysts expect that J B Hunt Transport Services will post 4.29 EPS for the current year.

In related news, CFO David G. Mee sold 12,000 shares of J B Hunt Transport Services stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $105.80, for a total value of $1,269,600.00. Following the sale, the chief financial officer now owns 142,590 shares of the company’s stock, valued at approximately $15,086,022. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Shelley Simpson sold 6,000 shares of J B Hunt Transport Services stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $121.80, for a total value of $730,800.00. Following the completion of the sale, the chief marketing officer now directly owns 59,647 shares in the company, valued at approximately $7,265,004.60. The disclosure for this sale can be found here. In the last three months, insiders sold 27,880 shares of company stock worth $3,166,590. 3.51% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of JBHT. Victory Capital Management Inc. increased its position in shares of J B Hunt Transport Services by 1,487.6% during the 4th quarter. Victory Capital Management Inc. now owns 1,574,882 shares of the transportation company’s stock worth $183,916,000 after purchasing an additional 1,475,681 shares during the last quarter. Wellington Management Group LLP increased its position in shares of J B Hunt Transport Services by 35.3% during the 1st quarter. Wellington Management Group LLP now owns 4,163,124 shares of the transportation company’s stock worth $383,965,000 after purchasing an additional 1,085,747 shares during the last quarter. Scopus Asset Management L.P. increased its position in shares of J B Hunt Transport Services by 413.7% during the 4th quarter. Scopus Asset Management L.P. now owns 646,197 shares of the transportation company’s stock worth $75,463,000 after purchasing an additional 852,218 shares during the last quarter. Norges Bank acquired a new position in shares of J B Hunt Transport Services during the 4th quarter worth approximately $95,999,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of J B Hunt Transport Services during the 4th quarter worth approximately $79,850,000. 73.71% of the stock is currently owned by hedge funds and other institutional investors.

About J B Hunt Transport Services

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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Analyst Recommendations for J B Hunt Transport Services (NASDAQ:JBHT)

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