J B Hunt Transport Services (NASDAQ:JBHT) was downgraded by Loop Capital from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The analysts noted that the move was a valuation call.

A number of other research firms have also recently commented on JBHT. 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. Credit Suisse Group cut shares of J B Hunt Transport Services from an “outperform” rating to a “neutral” rating and lifted their price target for the stock from $95.00 to $96.00 in a research note on Thursday, July 11th. Stifel Nicolaus lifted their price target on shares of J B Hunt Transport Services from $95.00 to $104.00 and gave the stock a “hold” rating in a research note on Tuesday, July 16th. Goldman Sachs Group began coverage on shares of J B Hunt Transport Services in a research note on Wednesday, July 10th. They set a “buy” rating and a $113.00 price target for the company. Finally, Susquehanna Bancshares boosted their price objective on shares of J B Hunt Transport Services from $110.00 to $114.00 in a research report on Tuesday, July 16th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the stock. J B Hunt Transport Services has a consensus rating of “Hold” and a consensus target price of $107.13.

Shares of JBHT stock traded up $0.83 during trading hours on Wednesday, reaching $115.33. 14,301 shares of the stock were exchanged, compared to its average volume of 916,389. J B Hunt Transport Services has a 12-month low of $83.64 and a 12-month high of $126.88. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.64. The company’s 50-day moving average price is $102.98 and its 200-day moving average price is $98.15. The firm has a market capitalization of $12.41 billion, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 1.41 and a beta of 1.14.

J B Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Monday, July 15th. The transportation company reported $1.23 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the prior year, the firm posted $1.37 earnings per share. J B Hunt Transport Services’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, sell-side analysts expect that J B Hunt Transport Services will post 5.51 EPS for the current year.

In other news, EVP Nicholas Hobbs sold 1,485 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $101.77, for a total value of $151,128.45. Following the completion of the sale, the executive vice president now owns 63,819 shares of the company’s stock, valued at approximately $6,494,859.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Darren P. Field sold 1,200 shares of the company’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 of the company’s stock, valued at approximately $806,826.08. The disclosure for this sale can be found here. Insiders sold a total of 83,126 shares of company stock valued at $8,971,721 in the last ninety days. Corporate insiders own 3.60% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Trust Investment Advisors bought a new position in shares of J B Hunt Transport Services during the 2nd quarter worth approximately $411,000. Nissay Asset Management Corp Japan ADV raised its stake in shares of J B Hunt Transport Services by 1.9% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 21,036 shares of the transportation company’s stock worth $2,131,000 after acquiring an additional 385 shares in the last quarter. Piedmont Investment Advisors Inc. raised its stake in shares of J B Hunt Transport Services by 2.1% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 7,752 shares of the transportation company’s stock worth $785,000 after acquiring an additional 158 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of J B Hunt Transport Services by 6.4% during the 4th quarter. Geode Capital Management LLC now owns 1,239,550 shares of the transportation company’s stock worth $115,143,000 after acquiring an additional 74,521 shares in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in shares of J B Hunt Transport Services during the 2nd quarter worth approximately $46,000. Hedge funds and other institutional investors own 73.89% of the company’s stock.

J B Hunt Transport Services Company Profile

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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