J.B. Hunt Transport Services (NASDAQ:JBHT) Upgraded to “Positive” at Susquehanna

J.B. Hunt Transport Services (NASDAQ:JBHT) was upgraded by analysts at Susquehanna from a “neutral” rating to a “positive” rating in a research report issued on Friday, MarketBeat.com reports. The brokerage currently has a $200.00 target price on the transportation company’s stock. Susquehanna’s price objective points to a potential upside of 13.75% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Evercore ISI lifted their target price on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Benchmark restated a “buy” rating and set a $185.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Stifel Nicolaus increased their target price on J.B. Hunt Transport Services from $151.00 to $167.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Citigroup raised their target price on J.B. Hunt Transport Services from $204.00 to $227.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, BMO Capital Markets restated an “outperform” rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $192.06.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT opened at $175.82 on Friday. The stock has a market capitalization of $17.73 billion, a PE ratio of 31.97, a price-to-earnings-growth ratio of 2.86 and a beta of 1.16. The business’s fifty day moving average price is $181.15 and its 200 day moving average price is $172.45. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 0.94. J.B. Hunt Transport Services has a 12-month low of $153.12 and a 12-month high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.07. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. The company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same period last year, the firm posted $1.80 EPS. Equities research analysts forecast that J.B. Hunt Transport Services will post 5.7 EPS for the current year.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Eric Mcgee sold 145 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $182.72, for a total value of $26,494.40. Following the completion of the sale, the executive vice president now directly owns 700 shares of the company’s stock, valued at approximately $127,904. This represents a 17.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Darren P. Field sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total transaction of $275,250.00. Following the transaction, the executive vice president now owns 12,650 shares of the company’s stock, valued at approximately $2,321,275. This trade represents a 10.60 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,459 shares of company stock valued at $2,136,277. 2.10% of the stock is owned by corporate insiders.

Institutional Trading of J.B. Hunt Transport Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in JBHT. Arvest Bank Trust Division acquired a new position in J.B. Hunt Transport Services in the third quarter worth approximately $1,578,000. Forsta AP Fonden boosted its stake in shares of J.B. Hunt Transport Services by 28.2% during the 3rd quarter. Forsta AP Fonden now owns 15,900 shares of the transportation company’s stock worth $2,740,000 after acquiring an additional 3,500 shares in the last quarter. State Street Corp grew its holdings in shares of J.B. Hunt Transport Services by 0.6% in the 3rd quarter. State Street Corp now owns 3,289,874 shares of the transportation company’s stock worth $566,944,000 after acquiring an additional 19,826 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of J.B. Hunt Transport Services by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 553,698 shares of the transportation company’s stock worth $95,419,000 after purchasing an additional 12,040 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of J.B. Hunt Transport Services by 2.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 190,689 shares of the transportation company’s stock valued at $32,861,000 after purchasing an additional 3,910 shares during the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.