Bank of America Issues Positive Forecast for J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Price

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective upped by Bank of America from $195.00 to $206.00 in a research report report published on Thursday,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

A number of other equities research analysts have also recently issued reports on the stock. Susquehanna upgraded shares of J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 target price for the company in a research report on Friday, January 3rd. Evercore ISI raised their price objective on shares of J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Stifel Nicolaus reduced their target price on J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating on the stock in a report on Wednesday. BMO Capital Markets reaffirmed an “outperform” rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Finally, The Goldman Sachs Group reduced their price objective on J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $192.33.

J.B. Hunt Transport Services Stock Down 0.1 %

NASDAQ JBHT opened at $186.34 on Thursday. J.B. Hunt Transport Services has a 1-year low of $153.12 and a 1-year high of $219.51. The company has a market capitalization of $18.79 billion, a price-to-earnings ratio of 33.88, a PEG ratio of 2.94 and a beta of 1.16. The stock’s 50 day moving average is $180.51 and its two-hundred day moving average is $173.67. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.09). 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 $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period in the prior year, the firm earned $1.47 EPS. J.B. Hunt Transport Services’s quarterly revenue was down 4.5% compared to the same quarter last year. Equities analysts forecast that J.B. Hunt Transport Services will post 5.67 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Darren P. Field sold 1,500 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total value of $275,250.00. Following the completion of the sale, the executive vice president now owns 12,650 shares in the company, valued at approximately $2,321,275. This represents a 10.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Eric Mcgee sold 145 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $182.72, for a total value of $26,494.40. Following the transaction, the executive vice president now owns 700 shares in the company, valued at approximately $127,904. This trade represents a 17.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,459 shares of company stock valued at $2,136,277. 2.10% of the stock is currently owned by insiders.

Institutional Trading of J.B. Hunt Transport Services

Hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC bought a new stake in J.B. Hunt Transport Services in the second quarter valued at approximately $248,000. Choreo LLC acquired a new position in shares of J.B. Hunt Transport Services in the 2nd quarter valued at $218,000. DekaBank Deutsche Girozentrale increased its position in shares of J.B. Hunt Transport Services by 13.0% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 17,955 shares of the transportation company’s stock valued at $2,821,000 after buying an additional 2,060 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in J.B. Hunt Transport Services by 25.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock worth $152,589,000 after buying an additional 193,684 shares during the period. Finally, Renaissance Technologies LLC bought a new position in J.B. Hunt Transport Services during the second quarter worth about $16,887,000. 74.95% of the stock is currently 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.