J.B. Hunt Transport Services’ (JBHT) “Buy” Rating Reiterated at Benchmark

Benchmark reaffirmed their buy rating on shares of J.B. Hunt Transport Services (NASDAQ:JBHT) in a research note published on Wednesday morning, Benzinga reports. Benchmark currently has a $215.00 target price on the transportation company’s stock.

A number of other analysts have also commented on JBHT. TD Cowen lowered their price objective on J.B. Hunt Transport Services from $193.00 to $181.00 and set a hold rating for the company in a research report on Wednesday. Evercore ISI decreased their target price on J.B. Hunt Transport Services from $218.00 to $199.00 and set an outperform rating for the company in a research report on Wednesday. StockNews.com lowered J.B. Hunt Transport Services from a hold rating to a sell rating in a research report on Friday, March 8th. Robert W. Baird restated an outperform rating and set a $215.00 target price on shares of J.B. Hunt Transport Services in a research report on Friday, January 19th. Finally, UBS Group decreased their target price on J.B. Hunt Transport Services from $234.00 to $211.00 and set a buy rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $197.39.

J.B. Hunt Transport Services Price Performance

Shares of JBHT stock opened at $168.13 on Wednesday. The stock has a 50-day moving average price of $199.89 and a 200 day moving average price of $193.17. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The firm has a market cap of $17.37 billion, a price-to-earnings ratio of 24.12, a PEG ratio of 1.62 and a beta of 1.11. J.B. Hunt Transport Services has a 12 month low of $160.07 and a 12 month high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Tuesday, April 16th. The transportation company reported $1.22 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.31). The firm had revenue of $2.94 billion during the quarter, compared to analyst estimates of $3.12 billion. J.B. Hunt Transport Services had a return on equity of 18.40% and a net margin of 5.68%. Research analysts expect that J.B. Hunt Transport Services will post 7.61 EPS for the current year.

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

In other news, Director Patrick J. Ottensmeyer bought 5,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were purchased at an average price of $202.99 per share, for a total transaction of $1,014,950.00. Following the purchase, the director now owns 5,000 shares of the company’s stock, valued at approximately $1,014,950. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP David Keefauver sold 978 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $205.06, for a total transaction of $200,548.68. Following the sale, the executive vice president now owns 1,119 shares in the company, valued at approximately $229,462.14. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Patrick J. Ottensmeyer acquired 5,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were bought at an average price of $202.99 per share, for a total transaction of $1,014,950.00. Following the purchase, the director now owns 5,000 shares in the company, valued at $1,014,950. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 20,432 shares of company stock worth $4,309,687. Corporate insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On J.B. Hunt Transport Services

Institutional investors and hedge funds have recently made changes to their positions in the stock. Clear Street Markets LLC raised its stake in shares of J.B. Hunt Transport Services by 94.0% during the 1st quarter. Clear Street Markets LLC now owns 161 shares of the transportation company’s stock worth $28,000 after purchasing an additional 78 shares in the last quarter. VisionPoint Advisory Group LLC raised its stake in shares of J.B. Hunt Transport Services by 104.8% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock worth $32,000 after purchasing an additional 87 shares in the last quarter. Operose Advisors LLC bought a new stake in shares of J.B. Hunt Transport Services during the 3rd quarter worth approximately $34,000. VitalStone Financial LLC bought a new stake in shares of J.B. Hunt Transport Services during the 1st quarter worth approximately $38,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of J.B. Hunt Transport Services during the 3rd quarter worth approximately $36,000. Institutional investors own 74.95% of the company’s stock.

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.