J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) was upgraded by equities researchers at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research note issued to investors on Friday. The brokerage currently has a $125.00 price objective on the transportation company’s stock, up from their previous price objective of $91.00. Stifel Nicolaus’ price target would indicate a potential upside of 12.53% from the stock’s previous close.

Several other equities research analysts also recently commented on JBHT. Zacks Investment Research upgraded J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a report on Tuesday, June 6th. BidaskClub upgraded J.B. Hunt Transport Services from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 28th. Bank of America Corporation reaffirmed a “buy” rating and set a $109.00 target price (up previously from $98.00) on shares of J.B. Hunt Transport Services in a research report on Monday, July 10th. Morgan Stanley reaffirmed an “equal weight” rating and set a $84.00 target price (down previously from $85.00) on shares of J.B. Hunt Transport Services in a research report on Tuesday, July 18th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and set a $105.00 target price (up previously from $100.00) on shares of J.B. Hunt Transport Services in a research report on Tuesday, July 18th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. J.B. Hunt Transport Services has an average rating of “Buy” and a consensus price target of $102.88.

Shares of J.B. Hunt Transport Services (NASDAQ JBHT) opened at 111.08 on Friday. The stock has a 50 day moving average price of $97.10 and a 200 day moving average price of $91.90. J.B. Hunt Transport Services has a 12-month low of $76.20 and a 12-month high of $111.60. The firm has a market cap of $12.16 billion, a P/E ratio of 29.14 and a beta of 0.93.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Monday, July 17th. The transportation company reported $0.88 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.04). The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.74 billion. J.B. Hunt Transport Services had a net margin of 6.32% and a return on equity of 30.00%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.92 EPS. On average, equities analysts expect that J.B. Hunt Transport Services will post $3.86 earnings per share for the current year.

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In other news, EVP Terrence D. Matthews sold 2,694 shares of the company’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $101.00, for a total transaction of $272,094.00. Following the transaction, the executive vice president now owns 21,140 shares of the company’s stock, valued at approximately $2,135,140. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman James K. Thompson sold 8,503 shares of the company’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $91.76, for a total value of $780,235.28. Following the transaction, the chairman now directly owns 51,846 shares in the company, valued at approximately $4,757,388.96. The disclosure for this sale can be found here. Insiders have sold a total of 1,052,872 shares of company stock worth $103,066,436 in the last ninety days. Insiders own 4.30% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. YorkBridge Wealth Partners LLC lifted its position in shares of J.B. Hunt Transport Services by 6.6% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,097 shares of the transportation company’s stock valued at $102,000 after buying an additional 68 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its position in shares of J.B. Hunt Transport Services by 3.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,339 shares of the transportation company’s stock valued at $122,000 after buying an additional 43 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its position in shares of J.B. Hunt Transport Services by 1.4% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 1,420 shares of the transportation company’s stock valued at $130,000 after buying an additional 20 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of J.B. Hunt Transport Services by 6.9% during the 1st quarter. Van ECK Associates Corp now owns 1,468 shares of the transportation company’s stock valued at $135,000 after buying an additional 95 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC lifted its position in shares of J.B. Hunt Transport Services by 3.1% during the 2nd quarter. Paradigm Asset Management Co. LLC now owns 1,650 shares of the transportation company’s stock valued at $151,000 after buying an additional 50 shares during the last quarter. 71.54% of the stock is currently owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

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

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