BidaskClub cut shares of J B Hunt Transport Services (NASDAQ:JBHT) from a hold rating to a sell rating in a research note issued to investors on Saturday morning, BidAskClub reports.

Several other brokerages also recently commented on JBHT. ValuEngine downgraded J B Hunt Transport Services from a buy rating to a hold rating in a research note on Friday, September 20th. Argus reissued a hold rating on shares of J B Hunt Transport Services in a research note on Thursday, October 17th. Credit Suisse Group reissued a neutral rating and set a $106.00 target price (up previously from $101.00) on shares of J B Hunt Transport Services in a research note on Wednesday, October 16th. Goldman Sachs Group cut J B Hunt Transport Services from a buy rating to a neutral rating and set a $115.00 target price on the stock. in a report on Friday, November 1st. Finally, Stephens upped their target price on J B Hunt Transport Services from $124.00 to $133.00 and gave the stock an overweight rating in a research report on Thursday, January 2nd. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the stock. J B Hunt Transport Services currently has an average rating of Hold and a consensus price target of $114.00.

Shares of NASDAQ JBHT opened at $115.86 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.29 and a debt-to-equity ratio of 0.57. The company has a market cap of $12.22 billion, a price-to-earnings ratio of 22.85, a PEG ratio of 1.31 and a beta of 1.11. J B Hunt Transport Services has a 12 month low of $83.64 and a 12 month high of $122.29. The stock has a 50-day moving average price of $115.88 and a two-hundred day moving average price of $110.12.

J B Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Friday, January 17th. The transportation company reported $1.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.52 by ($0.17). The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.46 billion. J B Hunt Transport Services had a return on equity of 25.65% and a net margin of 5.99%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.81 EPS. On average, sell-side analysts predict that J B Hunt Transport Services will post 5.82 earnings per share for the current year.

In other J B Hunt Transport Services news, CFO David G. Mee sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $121.06, for a total transaction of $302,650.00. Following the sale, the chief financial officer now directly owns 108,650 shares in the company, valued at $13,153,169. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Earl Wayne Garrison sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $120.22, for a total value of $12,022,000.00. Following the sale, the director now owns 1,583,354 shares in the company, valued at $190,350,817.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 105,810 shares of company stock worth $12,722,810. Company insiders own 3.60% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of JBHT. Price T Rowe Associates Inc. MD lifted its holdings in J B Hunt Transport Services by 64.1% in the second 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 acquiring an additional 6,466,645 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of J B Hunt Transport Services during the second quarter worth $27,881,000. Manning & Napier Group LLC purchased a new stake in shares of J B Hunt Transport Services during the third quarter worth $25,360,000. Nuveen Asset Management LLC increased its position in shares of J B Hunt Transport Services by 9,936.3% during the second quarter. Nuveen Asset Management LLC now owns 213,271 shares of the transportation company’s stock worth $19,495,000 after acquiring an additional 211,146 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of J B Hunt Transport Services by 1.2% during the second quarter. Vanguard Group Inc. now owns 10,146,700 shares of the transportation company’s stock worth $927,510,000 after purchasing an additional 119,590 shares in the last quarter. Hedge funds and other institutional investors own 75.33% 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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