BMO Capital Markets restated their hold rating on shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in a report published on Wednesday. The firm currently has a $95.00 price target on the transportation company’s stock.

Other equities analysts have also recently issued research reports about the company. Stifel Nicolaus restated a hold rating and issued a $88.00 price objective on shares of J.B. Hunt Transport Services in a report on Friday, June 23rd. Wells Fargo & Company restated an outperform rating and issued a $105.00 price objective (up previously from $100.00) on shares of J.B. Hunt Transport Services in a report on Tuesday, July 18th. Loop Capital restated a buy rating and issued a $103.00 price objective (down previously from $105.00) on shares of J.B. Hunt Transport Services in a report on Saturday, July 22nd. Zacks Investment Research upgraded J.B. Hunt Transport Services from a sell rating to a hold rating in a report on Tuesday, August 1st. Finally, BidaskClub cut J.B. Hunt Transport Services from a sell rating to a strong sell rating in a report on Wednesday, August 2nd. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $100.75.

J.B. Hunt Transport Services (NASDAQ JBHT) traded up 1.03% during mid-day trading on Wednesday, hitting $105.75. The stock had a trading volume of 510,823 shares. The stock’s 50-day moving average is $97.10 and its 200 day moving average is $91.90. The company has a market capitalization of $11.57 billion, a P/E ratio of 27.74 and a beta of 0.93. J.B. Hunt Transport Services has a 52 week low of $76.20 and a 52 week high of $105.92.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Monday, July 17th. The transportation company reported $0.88 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.04). The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.74 billion. J.B. Hunt Transport Services had a net margin of 6.32% and a return on equity of 30.00%. J.B. Hunt Transport Services’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.92 EPS. Equities analysts forecast that J.B. Hunt Transport Services will post $3.88 earnings per share for the current fiscal year.

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In other J.B. Hunt Transport Services news, SVP John Kuhlow sold 810 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $93.71, for a total transaction of $75,905.10. Following the completion of the sale, the senior vice president now directly owns 3,999 shares in the company, valued at $374,746.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman James K. Thompson sold 8,503 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $91.76, for a total transaction of $780,235.28. Following the sale, the chairman now owns 51,846 shares of the company’s stock, valued at $4,757,388.96. The disclosure for this sale can be found here. Insiders have sold 1,052,872 shares of company stock valued at $103,066,436 over the last 90 days. Company insiders own 4.30% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Lord Abbett & CO. LLC lifted its position in J.B. Hunt Transport Services by 9.2% during the second quarter. Lord Abbett & CO. LLC now owns 158,981 shares of the transportation company’s stock worth $14,528,000 after acquiring an additional 13,355 shares during the last quarter. Toronto Dominion Bank lifted its position in J.B. Hunt Transport Services by 24.1% during the second quarter. Toronto Dominion Bank now owns 29,101 shares of the transportation company’s stock worth $2,658,000 after acquiring an additional 5,642 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in J.B. Hunt Transport Services during the second quarter worth approximately $211,000. Castleark Management LLC lifted its position in J.B. Hunt Transport Services by 9.3% during the second quarter. Castleark Management LLC now owns 249,957 shares of the transportation company’s stock worth $22,841,000 after acquiring an additional 21,324 shares during the last quarter. Finally, Nomura Holdings Inc. lifted its position in J.B. Hunt Transport Services by 2,346.5% during the second quarter. Nomura Holdings Inc. now owns 204,184 shares of the transportation company’s stock worth $18,664,000 after acquiring an additional 195,838 shares during the last quarter. Hedge funds and other institutional investors own 71.54% of the company’s stock.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

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

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