J.B. Hunt Transport Services (NASDAQ:JBHT) Downgraded to Hold Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded J.B. Hunt Transport Services from “buy” to “hold,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $286.30.
• J.B. Hunt reported quarterly EPS of $1.91, beating estimates of $1.71, while revenue reached $3.50 billion and increased 19.4% year over year.
• The stock opened at $273.77 and has gained 2.8%; institutional investors and hedge funds hold approximately 74.95% of outstanding shares.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday, Wall Street Zen reports.

A number of other equities research analysts also recently commented on JBHT. Evercore reissued an "outperform" rating and issued a $248.00 target price on shares of J.B. Hunt Transport Services in a report on Monday, May 11th. UBS Group upped their price target on shares of J.B. Hunt Transport Services from $286.00 to $291.00 and gave the stock a "neutral" rating in a research note on Thursday, July 16th. Susquehanna set a $345.00 price target on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th. TD Cowen raised their price objective on shares of J.B. Hunt Transport Services from $265.00 to $297.00 and gave the company a "hold" rating in a research note on Thursday, July 16th. Finally, Weiss Ratings downgraded shares of J.B. Hunt Transport Services from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $286.30.

J.B. Hunt Transport Services Stock Up 2.8%

Shares of NASDAQ:JBHT opened at $273.77 on Friday. J.B. Hunt Transport Services has a fifty-two week low of $130.12 and a fifty-two week high of $299.76. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.31. The firm's 50-day simple moving average is $276.44 and its 200-day simple moving average is $253.87. The company has a market cap of $25.71 billion, a price-to-earnings ratio of 38.78, a PEG ratio of 2.02 and a beta of 1.29.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.20. The firm had revenue of $3.50 billion during the quarter, compared to analysts' expectations of $3.26 billion. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The firm's revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.31 earnings per share. As a group, equities research analysts predict that J.B. Hunt Transport Services will post 7.75 earnings per share for the current year.

Institutional Trading of J.B. Hunt Transport Services

Several large investors have recently modified their holdings of the business. California State Teachers Retirement System raised its position in shares of J.B. Hunt Transport Services by 37,492.5% during the 2nd quarter. California State Teachers Retirement System now owns 33,209,198 shares of the transportation company's stock worth $9,611,738,000 after purchasing an additional 33,120,858 shares during the last quarter. BlackRock Inc. acquired a new stake in J.B. Hunt Transport Services during the 2nd quarter valued at $1,833,602,000. State Street Corp increased its position in J.B. Hunt Transport Services by 7.1% during the second quarter. State Street Corp now owns 4,122,669 shares of the transportation company's stock worth $592,015,000 after buying an additional 272,594 shares in the last quarter. Janus Henderson Group PLC increased its position in J.B. Hunt Transport Services by 1.1% during the first quarter. Janus Henderson Group PLC now owns 3,982,720 shares of the transportation company's stock worth $843,937,000 after buying an additional 41,887 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of J.B. Hunt Transport Services by 17.7% in the fourth quarter. AQR Capital Management LLC now owns 3,755,171 shares of the transportation company's stock worth $729,780,000 after acquiring an additional 565,605 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.

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