J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Rating Upgraded by Baird R W

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) was upgraded by equities researchers at Baird R W to a "strong-buy" rating in a report issued on Tuesday,Zacks.com reports.

A number of other equities analysts have also recently weighed in on JBHT. Sanford C. Bernstein set a $148.00 price objective on shares of J.B. Hunt Transport Services and gave the company a "market perform" rating in a research report on Wednesday, April 16th. Barclays decreased their price target on shares of J.B. Hunt Transport Services from $180.00 to $165.00 and set an "equal weight" rating for the company in a report on Wednesday, April 2nd. Robert W. Baird began coverage on J.B. Hunt Transport Services in a report on Tuesday. They issued an "outperform" rating and a $169.00 price target on the stock. Stephens reduced their price objective on J.B. Hunt Transport Services from $170.00 to $165.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Truist Financial increased their target price on J.B. Hunt Transport Services from $130.00 to $140.00 and gave the stock a "hold" rating in a research report on Monday. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $163.43.

J.B. Hunt Transport Services Trading Down 0.1%

Shares of JBHT traded down $0.10 during mid-day trading on Tuesday, hitting $152.92. The company had a trading volume of 205,595 shares, compared to its average volume of 995,344. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.23. The stock has a market cap of $15.17 billion, a PE ratio of 27.68, a P/E/G ratio of 2.04 and a beta of 1.29. J.B. Hunt Transport Services has a 1-year low of $122.79 and a 1-year high of $200.40. The business's 50-day simple moving average is $140.00 and its 200-day simple moving average is $153.02.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.02. J.B. Hunt Transport Services had a return on equity of 14.07% and a net margin of 4.65%. The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.92 billion. Sell-side analysts forecast that J.B. Hunt Transport Services will post 6.37 earnings per share for the current year.

Insider Buying and Selling at J.B. Hunt Transport Services

In related news, COO Nicholas Hobbs bought 1,529 shares of the business's stock in a transaction that occurred on Wednesday, April 23rd. The stock was purchased at an average cost of $130.75 per share, for a total transaction of $199,916.75. Following the purchase, the chief operating officer directly owned 91,847 shares in the company, valued at $12,008,995.25. This trade represents a 1.69% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.30% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC grew its holdings in shares of J.B. Hunt Transport Services by 33.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock worth $58,000 after purchasing an additional 86 shares in the last quarter. SG Americas Securities LLC lifted its holdings in J.B. Hunt Transport Services by 179.8% during the 1st quarter. SG Americas Securities LLC now owns 3,990 shares of the transportation company's stock valued at $590,000 after purchasing an additional 2,564 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in J.B. Hunt Transport Services by 8.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,596 shares of the transportation company's stock valued at $976,000 after buying an additional 494 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of J.B. Hunt Transport Services by 14.2% during the first quarter. Oppenheimer Asset Management Inc. now owns 5,542 shares of the transportation company's stock worth $820,000 after buying an additional 689 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in shares of J.B. Hunt Transport Services by 4.5% during the first quarter. Asset Management One Co. Ltd. now owns 34,371 shares of the transportation company's stock worth $5,085,000 after purchasing an additional 1,472 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company's stock.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.