J B Hunt Transport Services (NASDAQ:JBHT) Rating Lowered to Sell at BidaskClub

BidaskClub lowered shares of J B Hunt Transport Services (NASDAQ:JBHT) from a hold rating to a sell rating in a research note published on Thursday, BidAskClub reports.

Several other research firms have also commented on JBHT. Morgan Stanley set a $36.00 price target on ArcBest and gave the stock a hold rating in a report on Monday, July 8th. Argus lifted their price target on QUALCOMM to $95.00 and gave the stock a buy rating in a report on Wednesday, April 17th. Deutsche Bank lowered J B Hunt Transport Services from a buy rating to a sell rating and set a $98.51 price target on the stock. in a report on Wednesday, April 17th. UBS Group lifted their price target on Intact Financial from C$122.00 to C$133.00 in a report on Tuesday, June 18th. Finally, Zacks Investment Research upgraded Hanmi Financial from a sell rating to a hold rating in a report on Thursday, June 20th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. J B Hunt Transport Services currently has an average rating of Hold and a consensus price target of $109.00.

Shares of JBHT stock opened at $92.94 on Thursday. The company has a fifty day moving average price of $89.00. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.58. The stock has a market cap of $10.11 billion, a price-to-earnings ratio of 16.39, a P/E/G ratio of 1.11 and a beta of 1.11. J B Hunt Transport Services has a fifty-two week low of $83.64 and a fifty-two week high of $129.98.

J B Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Monday, April 15th. The transportation company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.16). J B Hunt Transport Services had a return on equity of 29.84% and a net margin of 5.61%. The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the prior year, the firm earned $1.07 EPS. The firm’s revenue was up 7.3% on a year-over-year basis. As a group, equities research analysts predict that J B Hunt Transport Services will post 5.55 earnings per share for the current year.

In other J B Hunt Transport Services news, Director Gary Charles George acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was purchased at an average cost of $94.52 per share, with a total value of $472,600.00. Following the transaction, the director now owns 43,369 shares of the company’s stock, valued at $4,099,237.88. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider John N. Roberts acquired 2,319 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were acquired at an average cost of $86.23 per share, with a total value of $199,967.37. Following the completion of the transaction, the insider now directly owns 288,739 shares in the company, valued at approximately $24,897,963.97. The disclosure for this purchase can be found here. 3.60% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of the stock. Northern Trust Corp increased its position in shares of J B Hunt Transport Services by 3.0% during the fourth quarter. Northern Trust Corp now owns 1,012,419 shares of the transportation company’s stock worth $94,196,000 after acquiring an additional 29,651 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of J B Hunt Transport Services by 9.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 16,802 shares of the transportation company’s stock worth $1,564,000 after acquiring an additional 1,410 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of J B Hunt Transport Services by 28.8% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 22,033 shares of the transportation company’s stock worth $2,050,000 after acquiring an additional 4,920 shares in the last quarter. United Services Automobile Association increased its position in shares of J B Hunt Transport Services by 2.2% during the fourth quarter. United Services Automobile Association now owns 55,523 shares of the transportation company’s stock worth $5,166,000 after acquiring an additional 1,210 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of J B Hunt Transport Services by 14.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 578,166 shares of the transportation company’s stock worth $53,795,000 after acquiring an additional 72,329 shares in the last quarter. 72.94% of the stock is owned by hedge funds and other institutional investors.

About J B Hunt Transport Services

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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