J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)‘s stock had its “buy” rating reaffirmed by stock analysts at Loop Capital in a research note issued on Wednesday. They presently have a $116.00 price target on the transportation company’s stock, up from their prior price target of $103.00. Loop Capital’s price objective suggests a potential upside of 6.76% from the stock’s previous close.

A number of other analysts also recently issued reports on the company. Cowen and Company reaffirmed a “buy” rating and issued a $102.00 target price on shares of J.B. Hunt Transport Services in a research note on Sunday. Barclays PLC boosted their price target on shares of J.B. Hunt Transport Services from $97.00 to $105.00 and gave the company an “equal weight” rating in a research report on Monday. Stifel Nicolaus raised shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and boosted their price target for the company from $91.00 to $125.00 in a research report on Friday, September 29th. KeyCorp reissued a “buy” rating and issued a $115.00 price objective on shares of J.B. Hunt Transport Services in a report on Friday, September 22nd. Finally, Zacks Investment Research raised shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a report on Tuesday, September 19th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $104.19.

J.B. Hunt Transport Services (NASDAQ:JBHT) traded down 0.38% on Wednesday, reaching $108.66. 1,311,823 shares of the company’s stock traded hands. J.B. Hunt Transport Services has a 52 week low of $76.20 and a 52 week high of $111.98. The stock has a market capitalization of $11.89 billion, a price-to-earnings ratio of 28.50 and a beta of 0.97. The firm has a 50-day moving average price of $101.61 and a 200-day moving average price of $92.74.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Monday, July 17th. The transportation company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.04). J.B. Hunt Transport Services had a net margin of 6.32% and a return on equity of 30.00%. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period in the prior year, the business posted $0.92 EPS. J.B. Hunt Transport Services’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, analysts predict that J.B. Hunt Transport Services will post $3.86 earnings per share for the current year.

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In related 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 value of $75,905.10. Following the sale, the senior vice president now owns 3,999 shares of the company’s stock, valued at $374,746.29. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Bradley W. Hicks sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $94.73, for a total transaction of $94,730.00. Following the completion of the sale, the executive vice president now directly owns 18,690 shares in the company, valued at approximately $1,770,503.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,052,872 shares of company stock worth $103,066,436. Insiders own 4.30% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. increased its position in shares of J.B. Hunt Transport Services by 2,611.8% in the 1st quarter. BlackRock Inc. now owns 6,252,515 shares of the transportation company’s stock valued at $573,604,000 after purchasing an additional 6,021,944 shares during the last quarter. Sustainable Growth Advisers LP acquired a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter valued at $147,610,000. Bank of New York Mellon Corp raised its holdings in shares of J.B. Hunt Transport Services by 25.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,655,290 shares of the transportation company’s stock valued at $242,640,000 after purchasing an additional 531,089 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of J.B. Hunt Transport Services by 423.1% in the 1st quarter. Renaissance Technologies LLC now owns 625,344 shares of the transportation company’s stock valued at $57,369,000 after purchasing an additional 505,800 shares in the last quarter. Finally, Atlanta Capital Management Co. L L C raised its holdings in shares of J.B. Hunt Transport Services by 15.4% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 3,568,728 shares of the transportation company’s stock valued at $326,110,000 after purchasing an additional 477,144 shares in the last quarter. 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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