J B Hunt Transport Services (NASDAQ:JBHT) had its price target lifted by Stephens from $117.00 to $132.00 in a research note published on Thursday, The Fly reports. Stephens currently has a positive rating on the transportation company’s stock.

A number of other equities research analysts also recently weighed in on JBHT. Argus upgraded J B Hunt Transport Services from a hold rating to a buy rating and raised their price target for the company from $100.00 to $115.00 in a research report on Friday, April 17th. BidaskClub downgraded J B Hunt Transport Services from a buy rating to a hold rating in a research report on Tuesday, July 7th. Cowen lowered their price target 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. Morgan Stanley reduced their price objective on J B Hunt Transport Services from $91.00 to $89.00 and set an equal weight rating on the stock in a research note on Monday, July 6th. Finally, Zacks Investment Research cut J B Hunt Transport Services from a buy rating to a hold rating and set a $131.00 price objective on the stock. in a research note on Wednesday. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $115.35.

Shares of JBHT stock opened at $127.64 on Thursday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.54 and a current ratio of 1.54. J B Hunt Transport Services has a 52-week low of $75.29 and a 52-week high of $127.76. The company has a market capitalization of $13.46 billion, a PE ratio of 25.73, a price-to-earnings-growth ratio of 2.01 and a beta of 1.00. The business’s fifty day moving average is $117.27 and its 200 day moving average is $107.29.

J B Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Tuesday, April 14th. The transportation company reported $0.98 earnings per share for the quarter, missing the Zacks’ 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 firm had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.20 billion. During the same quarter in the previous year, the business earned $1.09 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, sell-side analysts forecast that J B Hunt Transport Services will post 4.23 EPS for the current fiscal year.

In related news, CMO Shelley Simpson sold 6,000 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $121.80, for a total value of $730,800.00. Following the sale, the chief marketing officer now directly owns 59,647 shares of the company’s stock, valued at $7,265,004.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bradley W. Hicks sold 1,000 shares of the firm’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $105.43, for a total value of $105,430.00. Following the completion of the sale, the executive vice president now directly owns 15,877 shares in the company, valued at $1,673,912.11. The disclosure for this sale can be found here. Insiders sold 27,880 shares of company stock worth $3,166,590 over the last three months. 3.51% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of JBHT. Atlanta Capital Management Co. L L C boosted its position in J B Hunt Transport Services by 1.2% during the 1st 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 acquiring an additional 50,948 shares in the last quarter. Wellington Management Group LLP boosted its position in J B Hunt Transport Services by 35.3% during the 1st 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 in the last quarter. Victory Capital Management Inc. boosted its position in J B Hunt Transport Services by 27.1% during the 1st 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 in the last quarter. Geode Capital Management LLC boosted its position in J B Hunt Transport Services by 3.8% during the 1st 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 in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in J B Hunt Transport Services by 12.4% during the 4th 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 in the last quarter. 73.71% of the stock is currently 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 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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