J B Hunt Transport Services (NASDAQ:JBHT) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

A number of other brokerages have also weighed in on JBHT. Zacks Investment Research lowered J B Hunt Transport Services from a “buy” rating to a “hold” rating in a research note on Thursday, July 19th. BidaskClub lowered J B Hunt Transport Services from a “hold” rating to a “sell” rating in a research note on Thursday, July 19th. Loop Capital set a $151.00 price target on J B Hunt Transport Services and gave the stock a “buy” rating in a research note on Monday, July 16th. Stifel Nicolaus increased their price target on J B Hunt Transport Services from $122.00 to $123.00 and gave the stock a “hold” rating in a research note on Tuesday, July 17th. Finally, Credit Suisse Group increased their price target on J B Hunt Transport Services from $140.00 to $143.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 17th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company. J B Hunt Transport Services has an average rating of “Hold” and an average price target of $129.84.

Shares of J B Hunt Transport Services stock opened at $119.00 on Friday. J B Hunt Transport Services has a fifty-two week low of $100.25 and a fifty-two week high of $131.74. The firm has a market cap of $13.01 billion, a price-to-earnings ratio of 27.11, a price-to-earnings-growth ratio of 1.73 and a beta of 0.92. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.13 and a current ratio of 1.13.

J B Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Monday, July 16th. The transportation company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.09. J B Hunt Transport Services had a return on equity of 26.63% and a net margin of 9.54%. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the prior year, the company posted $0.88 EPS. The business’s revenue for the quarter was up 23.9% compared to the same quarter last year. analysts expect that J B Hunt Transport Services will post 5.42 earnings per share for the current fiscal year.

In related news, EVP Bradley W. Hicks sold 500 shares of the stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $122.43, for a total value of $61,215.00. Following the completion of the sale, the executive vice president now directly owns 16,900 shares in the company, valued at approximately $2,069,067. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO David G. Mee sold 6,126 shares of the stock in a transaction on Wednesday, July 18th. The shares were sold at an average price of $121.47, for a total value of $744,125.22. Following the completion of the sale, the chief financial officer now owns 110,500 shares of the company’s stock, valued at $13,422,435. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,018 shares of company stock valued at $4,630,817. 4.20% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in JBHT. Azimuth Capital Management LLC increased its holdings in J B Hunt Transport Services by 2.8% in the 1st quarter. Azimuth Capital Management LLC now owns 49,662 shares of the transportation company’s stock valued at $5,818,000 after purchasing an additional 1,365 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in J B Hunt Transport Services in the 1st quarter valued at $246,000. Brown Advisory Inc. increased its holdings in J B Hunt Transport Services by 4.8% in the 1st quarter. Brown Advisory Inc. now owns 361,981 shares of the transportation company’s stock valued at $42,405,000 after purchasing an additional 16,733 shares in the last quarter. Private Trust Co. NA acquired a new stake in J B Hunt Transport Services in the 2nd quarter valued at $219,000. Finally, New England Research & Management Inc. acquired a new stake in J B Hunt Transport Services in the 2nd quarter valued at $869,000. Hedge funds and other institutional investors own 73.39% of the company’s stock.

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 through 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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