J.B. Hunt Transport Services (JBHT) Rating Reiterated by BMO Capital Markets

J.B. Hunt Transport Services (NASDAQ:JBHT)‘s stock had its “neutral” rating reissued by BMO Capital Markets in a research report issued to clients and investors on Friday.

A number of other brokerages have also issued reports on JBHT. Barclays increased their price target on J.B. Hunt Transport Services from $97.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Monday, October 2nd. Cowen restated a “buy” rating and set a $102.00 price objective on shares of J.B. Hunt Transport Services in a research report on Sunday, October 1st. Stifel Nicolaus upgraded J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and raised their price objective for the company from $91.00 to $125.00 in a research report on Friday, September 29th. Loop Capital restated a “buy” rating and set a $116.00 price objective (up previously from $103.00) on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 4th. Finally, Robert W. Baird restated a “hold” rating and set a $112.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday, October 6th. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $109.41.

Shares of J.B. Hunt Transport Services (JBHT) opened at $109.01 on Friday. J.B. Hunt Transport Services has a 12 month low of $83.35 and a 12 month high of $111.98. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $12,197.83, a price-to-earnings ratio of 30.20, a price-to-earnings-growth ratio of 2.27 and a beta of 1.06.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Friday, October 13th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.05). J.B. Hunt Transport Services had a return on equity of 28.90% and a net margin of 6.05%. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the company posted $0.97 EPS. The company’s quarterly revenue was up 9.0% on a year-over-year basis. equities analysts expect that J.B. Hunt Transport Services will post 3.76 earnings per share for the current fiscal year.

In related news, Director Earl Wayne Garrison sold 100,000 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $109.29, for a total value of $10,929,000.00. Following the completion of the transaction, the director now owns 2,050,000 shares in the company, valued at $224,044,500. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Darren P. Field sold 1,000 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $99.10, for a total value of $99,100.00. Following the completion of the transaction, the executive vice president now owns 4,060 shares of the company’s stock, valued at approximately $402,346. The disclosure for this sale can be found here. In the last quarter, insiders sold 103,694 shares of company stock valued at $11,300,194. 4.30% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JBHT. Creative Planning grew its position in J.B. Hunt Transport Services by 20.1% in the second quarter. Creative Planning now owns 2,132 shares of the transportation company’s stock worth $195,000 after acquiring an additional 357 shares in the last quarter. Aperio Group LLC grew its position in J.B. Hunt Transport Services by 25.1% in the second quarter. Aperio Group LLC now owns 23,530 shares of the transportation company’s stock worth $2,150,000 after acquiring an additional 4,721 shares in the last quarter. NGAM Advisors L.P. grew its position in J.B. Hunt Transport Services by 1.2% in the second quarter. NGAM Advisors L.P. now owns 56,128 shares of the transportation company’s stock worth $5,129,000 after acquiring an additional 661 shares in the last quarter. Great West Life Assurance Co. Can grew its position in J.B. Hunt Transport Services by 104.8% in the second quarter. Great West Life Assurance Co. Can now owns 128,710 shares of the transportation company’s stock worth $11,757,000 after acquiring an additional 65,876 shares in the last quarter. Finally, Rothschild Asset Management Inc. grew its position in J.B. Hunt Transport Services by 29.1% in the second quarter. Rothschild Asset Management Inc. now owns 6,512 shares of the transportation company’s stock worth $595,000 after acquiring an additional 1,469 shares in the last quarter. Institutional investors own 70.97% of the company’s stock.

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About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

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