BidaskClub upgraded shares of J B Hunt Transport Services (NASDAQ:JBHT) from a hold rating to a buy rating in a report issued on Saturday morning, BidAskClub reports.

JBHT has been the topic of several other research reports. Stephens upped their target price on J B Hunt Transport Services from $114.00 to $117.00 and gave the company an overweight rating in a research report on Wednesday, April 15th. Cowen cut their target price on J B Hunt Transport Services from $118.00 to $103.00 and set a market perform rating on the stock in a research report on Wednesday, April 15th. Argus upgraded J B Hunt Transport Services from a hold rating to a buy rating and upped their target price for the company from $100.00 to $115.00 in a research report on Friday, April 17th. Deutsche Bank upped their target price on J B Hunt Transport Services from $87.00 to $98.00 and gave the company a sell rating in a research report on Wednesday, June 17th. Finally, Zacks Investment Research upgraded J B Hunt Transport Services from a sell rating to a hold rating and set a $64.00 target price on the stock in a research report on Tuesday, March 17th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the company’s stock. J B Hunt Transport Services currently has an average rating of Hold and an average price target of $109.94.

Shares of JBHT stock opened at $120.34 on Friday. The stock has a market cap of $12.58 billion, a price-to-earnings ratio of 24.26, a PEG ratio of 1.85 and a beta of 1.00. The stock has a 50-day moving average of $113.31 and a 200-day moving average of $106.98. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.57. J B Hunt Transport Services has a 1-year low of $75.29 and a 1-year high of $122.39.

J B Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Tuesday, April 14th. The transportation company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.06). J B Hunt Transport Services had a net margin of 5.71% and a return on equity of 24.76%. The business had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter in the previous year, the company earned $1.09 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. Sell-side analysts forecast that J B Hunt Transport Services will post 4.29 earnings per share for the current year.

In other news, CFO David G. Mee sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $105.80, for a total value of $1,269,600.00. Following the transaction, the chief financial officer now owns 142,590 shares in the company, valued at $15,086,022. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Shelley Simpson sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $121.80, for a total value of $730,800.00. Following the completion of the transaction, the chief marketing officer now owns 59,647 shares in the company, valued at approximately $7,265,004.60. The disclosure for this sale can be found here. Insiders sold 27,880 shares of company stock worth $3,166,590 in the last 90 days. Corporate insiders own 3.51% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Atlanta Capital Management Co. L L C lifted its holdings in shares of J B Hunt Transport Services by 1.2% in the first quarter. Atlanta Capital Management Co. L L C now owns 4,222,207 shares of the transportation company’s stock valued at $389,414,000 after purchasing an additional 50,948 shares in the last quarter. Wellington Management Group LLP increased its position in shares of J B Hunt Transport Services by 35.3% during the first quarter. Wellington Management Group LLP now owns 4,163,124 shares of the transportation company’s stock valued at $383,965,000 after acquiring an additional 1,085,747 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of J B Hunt Transport Services by 27.1% during the first quarter. Victory Capital Management Inc. now owns 2,002,293 shares of the transportation company’s stock valued at $184,671,000 after acquiring an additional 427,411 shares during the last quarter. Geode Capital Management LLC increased its position in shares of J B Hunt Transport Services by 3.8% during the first quarter. Geode Capital Management LLC now owns 1,411,017 shares of the transportation company’s stock valued at $129,899,000 after acquiring an additional 51,088 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of J B Hunt Transport Services by 12.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,409,139 shares of the transportation company’s stock valued at $164,560,000 after acquiring an additional 155,926 shares during the last quarter. Institutional investors own 73.71% of the company’s stock.

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 in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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

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