J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) received a $115.00 price objective from stock analysts at UBS AG in a research report issued to clients and investors on Monday. The brokerage currently has a “hold” rating on the transportation company’s stock. UBS AG’s target price would indicate a potential upside of 12.27% from the company’s current price.

JBHT has been the subject of several other research reports. BidaskClub cut J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Credit Suisse Group reaffirmed a “buy” rating and issued a $114.00 price target (up previously from $100.00) on shares of J.B. Hunt Transport Services in a report on Thursday, October 12th. They noted that the move was a valuation call. Loop Capital reaffirmed a “buy” rating and issued a $116.00 price target (up previously from $103.00) on shares of J.B. Hunt Transport Services in a report on Wednesday, October 4th. Robert W. Baird reaffirmed a “hold” rating and issued a $112.00 price target on shares of J.B. Hunt Transport Services in a report on Friday, October 6th. Finally, Zacks Investment Research raised J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a report on Tuesday, September 19th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. J.B. Hunt Transport Services has an average rating of “Hold” and a consensus price target of $107.81.

Shares of J.B. Hunt Transport Services (JBHT) opened at 102.43 on Monday. J.B. Hunt Transport Services has a one year low of $76.20 and a one year high of $111.98. The company has a market capitalization of $11.24 billion, a P/E ratio of 27.30 and a beta of 0.97. The stock has a 50 day moving average price of $103.94 and a 200-day moving average price of $93.62.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Friday, October 13th. The transportation company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.05). J.B. Hunt Transport Services had a net margin of 6.05% and a return on equity of 28.90%. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the previous year, the company earned $0.97 EPS. J.B. Hunt Transport Services’s revenue for the quarter was up 9.0% compared to the same quarter last year. Equities research analysts predict that J.B. Hunt Transport Services will post $3.73 earnings per share for the current fiscal year.

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In other news, EVP Terrence D. Matthews sold 2,694 shares of the stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $101.00, for a total value of $272,094.00. Following the completion of the transaction, the executive vice president now directly owns 21,140 shares of the company’s stock, valued at approximately $2,135,140. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John N. Roberts sold 7,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $91.25, for a total value of $638,750.00. Following the completion of the transaction, the insider now directly owns 267,377 shares of the company’s stock, valued at $24,398,151.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,044,369 shares of company stock valued at $102,286,201. 4.30% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. increased its holdings in J.B. Hunt Transport Services by 0.4% during the 2nd quarter. D.A. Davidson & CO. now owns 2,733 shares of the transportation company’s stock valued at $249,000 after purchasing an additional 12 shares in the last quarter. Alps Advisors Inc. increased its holdings in J.B. Hunt Transport Services by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 5,071 shares of the transportation company’s stock valued at $463,000 after purchasing an additional 14 shares in the last quarter. Farmers & Merchants Investments Inc. increased its holdings in J.B. Hunt Transport Services by 1.4% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 1,420 shares of the transportation company’s stock valued at $130,000 after purchasing an additional 20 shares in the last quarter. Contravisory Investment Management Inc. increased its holdings in J.B. Hunt Transport Services by 0.8% during the 2nd quarter. Contravisory Investment Management Inc. now owns 2,605 shares of the transportation company’s stock valued at $238,000 after purchasing an additional 20 shares in the last quarter. Finally, Tudor Investment Corp ET AL increased its holdings in J.B. Hunt Transport Services by 0.4% during the 2nd quarter. Tudor Investment Corp ET AL now owns 5,849 shares of the transportation company’s stock valued at $534,000 after purchasing an additional 22 shares in the last quarter. 71.49% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Company Profile

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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