J B Hunt Transport Services (NASDAQ:JBHT) had its price objective decreased by Loop Capital to $143.00 in a report published on Wednesday morning, The Fly reports. Loop Capital currently has a buy rating on the transportation company’s stock.

A number of other analysts also recently issued reports on JBHT. BidaskClub downgraded shares of J B Hunt Transport Services from a buy rating to a hold rating in a report on Wednesday, June 27th. Zacks Investment Research upgraded shares of J B Hunt Transport Services from a hold rating to a buy rating and set a $136.00 target price for the company in a report on Wednesday, July 18th. ValuEngine downgraded shares of J B Hunt Transport Services from a buy rating to a hold rating in a report on Thursday, July 5th. Stifel Nicolaus lifted their target price on shares of J B Hunt Transport Services from $122.00 to $123.00 and gave the company a hold rating in a report on Tuesday, July 17th. Finally, Edward Jones downgraded shares of J B Hunt Transport Services from a buy rating to a hold rating in a report on Friday, September 28th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have issued a buy rating to the company. J B Hunt Transport Services presently has an average rating of Hold and an average price target of $129.05.

Shares of NASDAQ JBHT traded down $1.00 during midday trading on Wednesday, reaching $109.29. 1,480,271 shares of the stock were exchanged, compared to its average volume of 897,167. The company has a market capitalization of $13.01 billion, a P/E ratio of 29.22, a P/E/G ratio of 1.74 and a beta of 0.93. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.13 and a quick ratio of 1.13. J B Hunt Transport Services has a twelve month low of $100.25 and a twelve month high of $131.74.

J B Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Monday, July 16th. The transportation company reported $1.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.09. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.05 billion. J B Hunt Transport Services had a net margin of 9.54% and a return on equity of 26.63%. The business’s revenue was up 23.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.88 EPS. As a group, research analysts expect that J B Hunt Transport Services will post 5.4 EPS for the current year.

In other J B Hunt Transport Services news, CFO David G. Mee sold 6,126 shares of the firm’s stock in a transaction that occurred on Wednesday, July 18th. The shares were sold at an average price of $121.47, for a total value of $744,125.22. Following the completion of the transaction, the chief financial officer now owns 110,500 shares of the company’s stock, valued at approximately $13,422,435. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Eric Mcgee sold 1,735 shares of the firm’s stock in a transaction that occurred on Friday, July 20th. The shares were sold at an average price of $121.49, for a total transaction of $210,785.15. Following the completion of the transaction, the executive vice president now directly owns 953 shares of the company’s stock, valued at approximately $115,779.97. The disclosure for this sale can be found here. Insiders sold a total of 38,018 shares of company stock valued at $4,630,817 in the last three months. 4.20% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC boosted its position in J B Hunt Transport Services by 186.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 915 shares of the transportation company’s stock valued at $111,000 after buying an additional 596 shares during the period. Piedmont Investment Advisors LLC purchased a new stake in shares of J B Hunt Transport Services during the 2nd quarter worth $118,000. Edge Wealth Management LLC purchased a new stake in shares of J B Hunt Transport Services during the 2nd quarter worth $148,000. LeJeune Puetz Investment Counsel LLC purchased a new stake in shares of J B Hunt Transport Services during the 2nd quarter worth $167,000. Finally, Cerebellum GP LLC lifted its position in shares of J B Hunt Transport Services by 760.9% during the 3rd quarter. Cerebellum GP LLC now owns 1,455 shares of the transportation company’s stock worth $173,000 after purchasing an additional 1,286 shares during the last quarter. 73.42% of the stock is owned by institutional investors.

About J B Hunt Transport Services

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates through four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

Further Reading: Understanding Price to Earnings Ratio (PE)

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Analyst Recommendations for J B Hunt Transport Services (NASDAQ:JBHT)

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