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

J.B. Hunt Transport Services (NASDAQ:JBHT)‘s stock had its “outperform” rating restated by stock analysts at BMO Capital Markets in a report released on Tuesday, Benzinga reports. They presently have a $195.00 price objective on the transportation company’s stock. BMO Capital Markets’ price objective points to a potential upside of 13.54% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Benchmark decreased their price objective on shares of J.B. Hunt Transport Services from $200.00 to $185.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. TD Cowen decreased their price target on J.B. Hunt Transport Services from $181.00 to $161.00 and set a “hold” rating for the company in a research report on Wednesday, July 17th. Susquehanna cut their price objective on J.B. Hunt Transport Services from $175.00 to $155.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 17th. Stifel Nicolaus reduced their price objective on J.B. Hunt Transport Services from $173.00 to $151.00 and set a “hold” rating for the company in a research note on Tuesday, July 23rd. Finally, Barclays lowered their target price on J.B. Hunt Transport Services from $170.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 17th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $181.88.

J.B. Hunt Transport Services Trading Down 1.6 %

Shares of J.B. Hunt Transport Services stock opened at $171.74 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.36. The stock has a fifty day simple moving average of $169.26 and a 200 day simple moving average of $170.56. J.B. Hunt Transport Services has a 12-month low of $153.12 and a 12-month high of $219.51. The company has a market capitalization of $17.52 billion, a P/E ratio of 27.26, a price-to-earnings-growth ratio of 2.86 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Tuesday, July 16th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.19). J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the previous year, the company earned $1.81 EPS. The business’s revenue was down 6.5% compared to the same quarter last year. On average, sell-side analysts anticipate that J.B. Hunt Transport Services will post 5.7 earnings per share for the current fiscal year.

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

In related news, Director Persio V. Lisboa bought 600 shares of the company’s stock in a transaction on Friday, July 19th. The shares were purchased at an average price of $163.47 per share, for a total transaction of $98,082.00. Following the completion of the transaction, the director now directly owns 3,594 shares in the company, valued at approximately $587,511.18. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, Director Persio V. Lisboa acquired 600 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The shares were acquired at an average price of $163.47 per share, with a total value of $98,082.00. Following the acquisition, the director now owns 3,594 shares of the company’s stock, valued at approximately $587,511.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Darren P. Field sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $175.03, for a total value of $525,090.00. Following the completion of the transaction, the executive vice president now owns 14,150 shares of the company’s stock, valued at approximately $2,476,674.50. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On J.B. Hunt Transport Services

Several hedge funds have recently bought and sold shares of JBHT. Healthcare of Ontario Pension Plan Trust Fund bought a new position in J.B. Hunt Transport Services in the 2nd quarter valued at $5,488,000. Sanctuary Advisors LLC purchased a new stake in shares of J.B. Hunt Transport Services in the second quarter worth $690,000. New Wave Wealth Advisors LLC bought a new stake in J.B. Hunt Transport Services during the second quarter valued at $1,725,000. Cetera Investment Advisers grew its position in J.B. Hunt Transport Services by 49.1% during the second quarter. Cetera Investment Advisers now owns 12,520 shares of the transportation company’s stock worth $2,003,000 after buying an additional 4,122 shares in the last quarter. Finally, Creative Planning grew its position in J.B. Hunt Transport Services by 14.1% during the second quarter. Creative Planning now owns 9,840 shares of the transportation company’s stock worth $1,574,000 after buying an additional 1,213 shares in the last quarter. Hedge funds and other 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.