J B Hunt Transport Services (NASDAQ:JBHT) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Tuesday, ValuEngine reports.

A number of other analysts have also recently commented on the company. Zacks Investment Research cut J B Hunt Transport Services from a “hold” rating to a “sell” rating and set a $94.00 price objective for the company. in a research report on Thursday, June 20th. Cowen restated a “market perform” rating and issued a $113.00 target price (up from $112.00) on shares of J B Hunt Transport Services in a report on Tuesday, July 16th. BidaskClub raised shares of J B Hunt Transport Services from a “hold” rating to a “buy” rating in a research note on Saturday, August 31st. Stephens raised their price target on shares of J B Hunt Transport Services from $107.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Finally, Goldman Sachs Group began coverage on shares of J B Hunt Transport Services in a report on Wednesday, July 10th. They set a “buy” rating and a $113.00 price target for the company. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $107.13.

JBHT stock traded up $2.37 on Tuesday, reaching $116.24. The company had a trading volume of 1,121,555 shares, compared to its average volume of 1,115,590. The company’s fifty day moving average is $102.75 and its 200 day moving average is $98.12. The company has a market cap of $12.41 billion, a P/E ratio of 20.50, a PEG ratio of 1.34 and a beta of 1.14. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.30 and a current ratio of 1.30. J B Hunt Transport Services has a 1 year low of $83.64 and a 1 year high of $127.93.

J B Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Monday, July 15th. The transportation company reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.12). J B Hunt Transport Services had a return on equity of 29.35% and a net margin of 5.33%. The company had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the previous year, the business posted $1.37 EPS. The business’s quarterly revenue was up 5.7% on a year-over-year basis. On average, sell-side analysts predict that J B Hunt Transport Services will post 5.5 earnings per share for the current year.

In other news, Director Earl Wayne Garrison sold 50,000 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $111.29, for a total transaction of $5,564,500.00. Following the transaction, the director now directly owns 1,608,958 shares in the company, valued at approximately $179,060,935.82. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Darren P. Field sold 1,200 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $99.07, for a total transaction of $118,884.00. Following the completion of the sale, the executive vice president now directly owns 8,144 shares in the company, valued at $806,826.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 83,126 shares of company stock worth $8,971,721. 3.60% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD boosted its holdings in shares of J B Hunt Transport Services by 64.1% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 16,549,237 shares of the transportation company’s stock valued at $1,512,766,000 after purchasing an additional 6,466,645 shares during the last quarter. Vanguard Group Inc. boosted its holdings in J B Hunt Transport Services by 1.2% in the second quarter. Vanguard Group Inc. now owns 10,146,700 shares of the transportation company’s stock valued at $927,510,000 after acquiring an additional 119,590 shares during the last quarter. Atlanta Capital Management Co. L L C grew its position in J B Hunt Transport Services by 20.2% during the second quarter. Atlanta Capital Management Co. L L C now owns 4,209,332 shares of the transportation company’s stock valued at $384,775,000 after acquiring an additional 706,693 shares during the period. FMR LLC grew its position in J B Hunt Transport Services by 60.7% during the first quarter. FMR LLC now owns 4,049,886 shares of the transportation company’s stock valued at $410,212,000 after acquiring an additional 1,529,785 shares during the period. Finally, Invesco Ltd. grew its position in J B Hunt Transport Services by 5.8% during the second quarter. Invesco Ltd. now owns 1,626,291 shares of the transportation company’s stock valued at $148,660,000 after acquiring an additional 89,524 shares during the period. Hedge funds and other institutional investors own 73.89% of the company’s stock.

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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