J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Rating Upgraded by StockNews.com

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) was upgraded by stock analysts at StockNews.com from a "sell" rating to a "hold" rating in a report released on Monday.

Other equities analysts also recently issued research reports about the company. Barclays lowered their price target on J.B. Hunt Transport Services from $200.00 to $170.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 17th. Bank of America cut their price target on shares of J.B. Hunt Transport Services from $215.00 to $199.00 and set a "buy" rating for the company in a report on Wednesday, April 17th. Stephens decreased their price objective on shares of J.B. Hunt Transport Services from $210.00 to $192.00 and set an "overweight" rating on the stock in a report on Wednesday, April 17th. Loop Capital reduced their price target on shares of J.B. Hunt Transport Services from $200.00 to $177.00 and set a "hold" rating for the company in a research report on Thursday, April 18th. Finally, Stifel Nicolaus decreased their price target on shares of J.B. Hunt Transport Services from $188.00 to $173.00 and set a "hold" rating on the stock in a research note on Wednesday, April 17th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $194.24.

J.B. Hunt Transport Services Price Performance

Shares of J.B. Hunt Transport Services stock traded up $0.15 during trading hours on Monday, reaching $162.16. The stock had a trading volume of 1,026,430 shares, compared to its average volume of 848,092. The stock's 50 day moving average is $191.84 and its 200 day moving average is $191.83. The company has a current ratio of 1.26, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33. J.B. Hunt Transport Services has a twelve month low of $160.07 and a twelve month high of $219.51. The firm has a market capitalization of $16.75 billion, a PE ratio of 25.74, a PEG ratio of 2.13 and a beta of 1.11.

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

In other news, CFO John Kuhlow sold 3,500 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $213.00, for a total transaction of $745,500.00. Following the sale, the chief financial officer now owns 10,537 shares of the company's stock, valued at $2,244,381. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO John N. Roberts bought 6,200 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was purchased at an average cost of $161.06 per share, with a total value of $998,572.00. Following the purchase, the chief executive officer now directly owns 313,955 shares of the company's stock, valued at approximately $50,565,592.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John Kuhlow sold 3,500 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $213.00, for a total value of $745,500.00. Following the completion of the sale, the chief financial officer now directly owns 10,537 shares in the company, valued at approximately $2,244,381. The disclosure for this sale can be found here. Insiders sold a total of 15,454 shares of company stock valued at $3,283,219 in the last three months. 2.10% of the stock is owned by corporate insiders.

Institutional Trading of J.B. Hunt Transport Services

Hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of J.B. Hunt Transport Services by 184.6% during the third quarter. JPMorgan Chase & Co. now owns 2,154,757 shares of the transportation company's stock worth $406,215,000 after buying an additional 1,397,651 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of J.B. Hunt Transport Services by 7,720.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 983,703 shares of the transportation company's stock valued at $196,485,000 after purchasing an additional 971,124 shares during the period. Norges Bank purchased a new stake in shares of J.B. Hunt Transport Services during the fourth quarter worth approximately $185,299,000. Royal Bank of Canada lifted its holdings in shares of J.B. Hunt Transport Services by 437.9% during the third quarter. Royal Bank of Canada now owns 244,091 shares of the transportation company's stock worth $46,016,000 after purchasing an additional 198,713 shares during the period. Finally, American Century Companies Inc. grew its position in J.B. Hunt Transport Services by 24.7% in the 3rd quarter. American Century Companies Inc. now owns 889,369 shares of the transportation company's stock valued at $167,664,000 after buying an additional 176,027 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.

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