Weiss Ratings Reiterates Hold (C-) Rating for J.B. Hunt Transport Services (NASDAQ:JBHT)

Key Points

• Weiss Ratings has reiterated a **Hold (C-)** rating for J.B. Hunt Transport Services (NASDAQ: **JBHT**) in their latest research note.
• Multiple analysts have adjusted their price targets for JBHT, with Susquehanna lowering it from **$157** to **$145**, while Barclays set theirs from **$145** to **$135**.
• J.B. Hunt recently reported **$1.31** earnings per share for the quarter, missing analysts' expectations of **$1.34**, and recorded a revenue of **$2.93 billion**.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report)'s stock had its "hold (c-)" rating reissued by investment analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Other equities analysts have also issued research reports about the stock. Susquehanna dropped their target price on shares of J.B. Hunt Transport Services from $157.00 to $145.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 24th. Barclays decreased their price target on shares of J.B. Hunt Transport Services from $145.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 2nd. The Goldman Sachs Group set a $164.00 price target on shares of J.B. Hunt Transport Services in a research note on Tuesday, July 8th. Evercore ISI decreased their price target on shares of J.B. Hunt Transport Services from $159.00 to $155.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 30th. Finally, Truist Financial lifted their price target on shares of J.B. Hunt Transport Services from $140.00 to $145.00 and gave the stock a "hold" rating in a research note on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $159.52.

J.B. Hunt Transport Services Trading Up 4.7%

Shares of JBHT stock opened at $146.55 on Wednesday. J.B. Hunt Transport Services has a 1 year low of $122.79 and a 1 year high of $200.40. The firm's fifty day simple moving average is $140.38 and its 200 day simple moving average is $141.26. The firm has a market capitalization of $14.19 billion, a P/E ratio of 26.65, a price-to-earnings-growth ratio of 2.21 and a beta of 1.24. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its earnings results on Tuesday, July 15th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.34 by ($0.03). J.B. Hunt Transport Services had a return on equity of 14.26% and a net margin of 4.59%.The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same period last year, the firm posted $1.32 EPS. The company's revenue was up .0% compared to the same quarter last year. As a group, sell-side analysts predict that J.B. Hunt Transport Services will post 6.37 EPS for the current year.

Insider Activity

In related news, EVP David Keefauver sold 989 shares of the company's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $151.97, for a total transaction of $150,298.33. Following the transaction, the executive vice president owned 946 shares in the company, valued at $143,763.62. This represents a 51.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Eric Mcgee purchased 1,148 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Monday, August 4th. The shares were bought at an average price of $140.76 per share, for a total transaction of $161,592.48. Following the transaction, the executive vice president owned 7,397 shares in the company, valued at $1,041,201.72. This represents a 18.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. lifted its position in J.B. Hunt Transport Services by 13.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,467 shares of the transportation company's stock worth $1,529,000 after buying an additional 1,209 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in J.B. Hunt Transport Services during the 1st quarter worth about $1,746,000. Bessemer Group Inc. raised its holdings in J.B. Hunt Transport Services by 22.4% during the 1st quarter. Bessemer Group Inc. now owns 656 shares of the transportation company's stock worth $97,000 after purchasing an additional 120 shares during the last quarter. SG Americas Securities LLC raised 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 worth $590,000 after purchasing an additional 2,564 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in J.B. Hunt Transport Services by 8.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,596 shares of the transportation company's stock worth $976,000 after purchasing an additional 494 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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