J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)‘s stock had its “hold” rating restated by Robert W. Baird in a research report issued to clients and investors on Friday. They presently have a $112.00 price objective on the transportation company’s stock. Robert W. Baird’s target price suggests a potential upside of 4.93% from the company’s previous close.

JBHT has been the topic of several other research reports. Bank of America Corporation restated a “buy” rating and set a $109.00 price objective (up previously from $98.00) on shares of J.B. Hunt Transport Services in a research report on Monday, July 10th. BidaskClub cut shares of J.B. Hunt Transport Services from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Stifel Nicolaus set a $91.00 price objective on shares of J.B. Hunt Transport Services and gave the company a “hold” rating in a research report on Wednesday, August 23rd. Finally, Wells Fargo & Company restated an “outperform” rating and set a $105.00 price objective (up previously from $100.00) on shares of J.B. Hunt Transport Services in a research report on Tuesday, July 18th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $105.88.

J.B. Hunt Transport Services (JBHT) traded down 0.13% during mid-day trading on Friday, hitting $106.73. 732,433 shares of the company’s stock were exchanged. The stock has a market cap of $11.68 billion, a PE ratio of 28.00 and a beta of 0.97. The stock’s 50 day moving average price is $102.49 and its 200-day moving average price is $93.05. J.B. Hunt Transport Services has a 12 month low of $76.20 and a 12 month high of $111.98.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Monday, July 17th. The transportation company reported $0.88 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.04). The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations 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 business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 EPS. Equities analysts expect that J.B. Hunt Transport Services will post $3.85 EPS for the current fiscal year.

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In other J.B. Hunt Transport Services news, EVP Terrence D. Matthews sold 2,694 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $101.00, for a total value of $272,094.00. Following the sale, 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 SEC, which is available through this hyperlink. Also, Chairman James K. Thompson sold 8,503 shares of the firm’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $91.76, for a total transaction of $780,235.28. Following the completion of the sale, 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. In the last ninety days, insiders have sold 1,052,872 shares of company stock worth $103,066,436. 4.30% of the stock is owned by insiders.

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

About J.B. Hunt Transport Services

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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