J.B. Hunt Transport Services (NASDAQ:JBHT) Receives “Outperform” Rating from BMO Capital Markets

BMO Capital Markets reaffirmed their outperform rating on shares of J.B. Hunt Transport Services (NASDAQ:JBHT) in a research report sent to investors on Wednesday, Benzinga reports. The brokerage currently has a $195.00 price objective on the transportation company’s stock.

JBHT has been the topic of several other research reports. Evercore ISI increased their target price on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an “outperform” rating in a report on Wednesday. Loop Capital decreased their price objective on shares of J.B. Hunt Transport Services from $177.00 to $173.00 and set a “hold” rating on the stock in a report on Thursday, July 18th. JPMorgan Chase & Co. dropped their target price on shares of J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Citigroup initiated coverage on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 9th. They set a “buy” rating and a $201.00 target price on the stock. Finally, Stifel Nicolaus raised their price target on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the company a “hold” rating in a report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $186.78.

J.B. Hunt Transport Services Price Performance

NASDAQ:JBHT opened at $180.15 on Wednesday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.36. The firm has a market cap of $18.59 billion, a PE ratio of 28.60, a price-to-earnings-growth ratio of 2.84 and a beta of 1.15. J.B. Hunt Transport Services has a 12 month low of $153.12 and a 12 month high of $219.51. The company’s 50-day moving average price is $170.28 and its two-hundred day moving average price is $167.78.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.42 by $0.07. The business had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.04 billion. J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. During the same period in the previous year, the business earned $1.80 EPS. On average, equities analysts anticipate that J.B. Hunt Transport Services will post 5.6 EPS for the current fiscal year.

Insider Activity

In related news, EVP Darren P. Field sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the completion of the transaction, the executive vice president now owns 14,150 shares in the company, valued at approximately $2,476,674.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other J.B. Hunt Transport Services news, Director Persio V. Lisboa purchased 600 shares of the company’s stock in a transaction dated Friday, July 19th. The shares were bought at an average price of $163.47 per share, with a total value of $98,082.00. Following the completion of the transaction, the director now directly owns 3,594 shares in the company, valued at $587,511.18. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Darren P. Field sold 3,000 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $175.03, for a total value of $525,090.00. Following the transaction, the executive vice president now owns 14,150 shares in the company, valued at $2,476,674.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by company insiders.

Institutional Trading of J.B. Hunt Transport Services

Several hedge funds have recently bought and sold shares of the stock. Jacobs Levy Equity Management Inc. boosted its holdings in shares of J.B. Hunt Transport Services by 2,722.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 545,042 shares of the transportation company’s stock valued at $108,600,000 after buying an additional 525,729 shares during the period. Dimensional Fund Advisors LP lifted its position in J.B. Hunt Transport Services by 25.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock valued at $152,589,000 after acquiring an additional 193,684 shares in the last quarter. AQR Capital Management LLC boosted its stake in J.B. Hunt Transport Services by 282.8% in the 2nd quarter. AQR Capital Management LLC now owns 173,637 shares of the transportation company’s stock worth $27,740,000 after purchasing an additional 128,283 shares during the period. Legacy Capital Wealth Partners LLC bought a new position in J.B. Hunt Transport Services during the 2nd quarter worth about $19,755,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter valued at 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.