J.B. Hunt Transport Services (NASDAQ:JBHT) Upgraded at Baird R W

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

Other analysts also recently issued research reports about the company. Raymond James Financial dropped their price target on J.B. Hunt Transport Services from $190.00 to $165.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. JPMorgan Chase & Co. dropped their target price on J.B. Hunt Transport Services from $167.00 to $150.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Citigroup cut their price target on shares of J.B. Hunt Transport Services from $193.00 to $164.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Robert W. Baird initiated coverage on shares of J.B. Hunt Transport Services in a research note on Tuesday. They set an "outperform" rating and a $169.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of J.B. Hunt Transport Services in a report on Friday, March 7th. They issued a "hold" rating and a $167.00 price objective on the stock. Ten investment 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 company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $163.43.

J.B. Hunt Transport Services Stock Performance

Shares of J.B. Hunt Transport Services stock traded down $1.14 during midday trading on Tuesday, hitting $151.88. The company had a trading volume of 477,953 shares, compared to its average volume of 998,788. The company has a fifty day simple moving average of $140.37 and a 200 day simple moving average of $152.84. The stock has a market cap of $15.07 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 2.07 and a beta of 1.29. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.23. J.B. Hunt Transport Services has a 12-month low of $122.79 and a 12-month high of $200.40.

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

Insider Transactions at J.B. Hunt Transport Services

In related news, COO Nicholas Hobbs acquired 1,529 shares of J.B. Hunt Transport Services stock in a transaction on Wednesday, April 23rd. The stock was bought at an average cost of $130.75 per share, for a total transaction of $199,916.75. Following the completion of the transaction, the chief operating officer owned 91,847 shares of the company's stock, valued at approximately $12,008,995.25. The trade was a 1.69% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.30% of the company's stock.

Institutional Trading of J.B. Hunt Transport Services

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Kera Capital Partners Inc. acquired a new stake in J.B. Hunt Transport Services in the 2nd quarter worth about $470,000. Voya Investment Management LLC lifted its position in shares of J.B. Hunt Transport Services by 0.5% in the first quarter. Voya Investment Management LLC now owns 23,753 shares of the transportation company's stock valued at $3,514,000 after acquiring an additional 125 shares in the last quarter. Strs Ohio acquired a new stake in shares of J.B. Hunt Transport Services in the first quarter worth approximately $6,658,000. IFM Investors Pty Ltd boosted its stake in shares of J.B. Hunt Transport Services by 1.8% in the first quarter. IFM Investors Pty Ltd now owns 12,478 shares of the transportation company's stock worth $1,846,000 after acquiring an additional 218 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of J.B. Hunt Transport Services by 1.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 624,531 shares of the transportation company's stock worth $92,399,000 after purchasing an additional 6,929 shares in the last quarter. Hedge funds and other institutional investors 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.