Robert W. Baird reiterated their hold rating on shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in a report issued on Friday morning. The brokerage currently has a $112.00 target price on the transportation company’s stock.

A number of other research firms also recently issued reports on JBHT. Zacks Investment Research upgraded J.B. Hunt Transport Services from a hold rating to a buy rating and set a $115.00 price target on the stock in a research note on Tuesday, September 19th. Cowen and Company restated a buy rating and issued a $102.00 price target on shares of J.B. Hunt Transport Services in a research note on Friday, August 25th. Loop Capital restated a buy rating and issued a $103.00 price target (down from $105.00) on shares of J.B. Hunt Transport Services in a research note on Saturday, July 22nd. Stifel Nicolaus restated a hold rating and issued a $88.00 price target on shares of J.B. Hunt Transport Services in a research note on Friday, June 23rd. Finally, BidaskClub upgraded J.B. Hunt Transport Services from a strong sell rating to a sell rating in a research note on Wednesday, June 28th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $105.88.

Shares of J.B. Hunt Transport Services (NASDAQ:JBHT) traded down 0.13% on Friday, hitting $106.73. The stock had a trading volume of 732,433 shares. The stock has a 50 day moving average of $102.49 and a 200-day moving average of $93.05. J.B. Hunt Transport Services has a 12 month low of $76.20 and a 12 month high of $111.98. The stock has a market cap of $11.68 billion, a PE ratio of 28.00 and a beta of 0.97.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Monday, July 17th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.04). The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.74 billion. J.B. Hunt Transport Services had a return on equity of 30.00% and a net margin of 6.32%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business earned $0.92 earnings per share. Equities research analysts anticipate that J.B. Hunt Transport Services will post $3.85 EPS for the current year.

TRADEMARK VIOLATION WARNING: “J.B. Hunt Transport Services, Inc. (JBHT) Given “Hold” Rating at Robert W. Baird” was reported by Watch List News and is owned by of Watch List News. If you are reading this news story on another publication, it was copied illegally and republished in violation of international copyright law. The original version of this news story can be viewed at https://www.watchlistnews.com/j-b-hunt-transport-services-inc-jbht-given-hold-rating-at-robert-w-baird/1616153.html.

In other J.B. Hunt Transport Services news, EVP Terrence D. Matthews sold 2,694 shares of the firm’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $101.00, for a total transaction of $272,094.00. Following the sale, the executive vice president now directly owns 21,140 shares of the company’s stock, valued at $2,135,140. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO David G. Mee sold 10,767 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $91.29, for a total value of $982,919.43. Following the sale, the chief financial officer now directly owns 109,500 shares in the company, valued at $9,996,255. The disclosure for this sale can be found here. Insiders have sold 1,052,872 shares of company stock worth $103,066,436 over the last quarter. 4.30% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the business. YorkBridge Wealth Partners LLC raised its holdings in J.B. Hunt Transport Services by 6.6% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,097 shares of the transportation company’s stock valued at $102,000 after acquiring an additional 68 shares during the period. Bronfman E.L. Rothschild L.P. raised its holdings in J.B. Hunt Transport Services by 3.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,339 shares of the transportation company’s stock valued at $122,000 after acquiring an additional 43 shares during the period. Farmers & Merchants Investments Inc. raised its holdings in J.B. Hunt Transport Services by 1.4% during the second quarter. Farmers & Merchants Investments Inc. now owns 1,420 shares of the transportation company’s stock valued at $130,000 after acquiring an additional 20 shares during the period. Van ECK Associates Corp raised its holdings in J.B. Hunt Transport Services by 6.9% during the first quarter. Van ECK Associates Corp now owns 1,468 shares of the transportation company’s stock valued at $135,000 after acquiring an additional 95 shares during the period. Finally, Paradigm Asset Management Co. LLC raised its holdings in J.B. Hunt Transport Services by 3.1% during the second quarter. Paradigm Asset Management Co. LLC now owns 1,650 shares of the transportation company’s stock valued at $151,000 after acquiring an additional 50 shares during the period. 71.54% of the stock is currently owned by institutional investors and hedge funds.

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)

Receive News & Ratings for J.B. Hunt Transport Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J.B. Hunt Transport Services Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.