JB Hunt Transport Services Inc. (NASDAQ:JBHT) – Equities researchers at KeyCorp dropped their Q3 2016 earnings per share estimates for JB Hunt Transport Services in a research report issued to clients and investors on Thursday. KeyCorp analyst T. Fowler now forecasts that the firm will earn $1.01 per share for the quarter, down from their prior estimate of $1.05. KeyCorp has a “Buy” rating and a $92.00 price target on the stock. KeyCorp also issued estimates for JB Hunt Transport Services’ Q4 2016 earnings at $1.09 EPS, FY2016 earnings at $3.90 EPS and FY2017 earnings at $4.25 EPS.

JB Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Monday, July 18th. The company reported $0.92 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.97 by $0.05. JB Hunt Transport Services had a net margin of 6.88% and a return on equity of 33.52%. The company earned $1.62 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the previous year, the firm posted $0.88 EPS. The business’s quarterly revenue was up 5.2% compared to the same quarter last year.

Earnings History and Estimates for JB Hunt Transport Services (NASDAQ:JBHT)

Several other research analysts also recently issued reports on the company. Zacks Investment Research downgraded JB Hunt Transport Services from a “hold” rating to a “sell” rating in a research note on Monday, October 3rd. Barclays PLC lowered their price objective on JB Hunt Transport Services from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Monday, September 12th. Buckingham Research raised JB Hunt Transport Services from a “neutral” rating to a “buy” rating and set a $95.00 price objective for the company in a research note on Tuesday, July 26th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $84.00 price objective (down previously from $88.00) on shares of JB Hunt Transport Services in a research note on Tuesday, July 19th. Finally, RBC Capital Markets reaffirmed an “outperform” rating and issued a $94.00 price objective (down previously from $98.00) on shares of JB Hunt Transport Services in a research note on Tuesday, July 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. JB Hunt Transport Services presently has an average rating of “Buy” and a consensus target price of $91.29.

JB Hunt Transport Services (NASDAQ:JBHT) opened at 81.80 on Monday. The firm has a 50-day moving average of $80.48 and a 200-day moving average of $82.11. The company has a market cap of $9.22 billion, a price-to-earnings ratio of 21.50 and a beta of 0.92. JB Hunt Transport Services has a 52 week low of $63.58 and a 52 week high of $89.43.

A number of institutional investors have recently modified their holdings of the stock. Arete Wealth Advisors LLC bought a new position in shares of JB Hunt Transport Services during the first quarter valued at $250,000. Geode Capital Management LLC boosted its position in shares of JB Hunt Transport Services by 4.6% in the first quarter. Geode Capital Management LLC now owns 794,074 shares of the company’s stock valued at $66,766,000 after buying an additional 35,268 shares during the period. Loomis Sayles & Co. L P boosted its position in shares of JB Hunt Transport Services by 0.3% in the first quarter. Loomis Sayles & Co. L P now owns 222,361 shares of the company’s stock valued at $18,732,000 after buying an additional 642 shares during the period. BB&T Securities LLC boosted its position in shares of JB Hunt Transport Services by 4.3% in the first quarter. BB&T Securities LLC now owns 254,815 shares of the company’s stock valued at $21,465,000 after buying an additional 10,572 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in shares of JB Hunt Transport Services by 2,859.9% in the first quarter. Canada Pension Plan Investment Board now owns 46,470 shares of the company’s stock valued at $3,915,000 after buying an additional 44,900 shares during the period. Institutional investors and hedge funds own 71.59% of the company’s stock.

In other JB Hunt Transport Services news, EVP Terrence D. Matthews sold 18,122 shares of the firm’s stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $81.50, for a total transaction of $1,476,943.00. Following the transaction, the executive vice president now directly owns 4,252 shares in the company, valued at approximately $346,538. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman James K. Thompson sold 20,000 shares of the firm’s stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $81.18, for a total value of $1,623,600.00. Following the transaction, the chairman now owns 67,921 shares in the company, valued at $5,513,826.78. The disclosure for this sale can be found here. 4.50% of the stock is owned by corporate insiders.

JB Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a holding company. The Company is a surface transportation, delivery, and logistics company in North America. The Company, through its subsidiaries, provides transportation and delivery services to various customers and consumers throughout the continental United States, Canada and Mexico.

5 Day Chart for NASDAQ:JBHT

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