Susquehanna Bancshares Downgrades J B Hunt Transport Services (NASDAQ:JBHT) to Neutral

Susquehanna Bancshares lowered shares of J B Hunt Transport Services (NASDAQ:JBHT) from a positive rating to a neutral rating in a research report sent to investors on Tuesday morning, BenzingaRatingsTable reports. They currently have $119.00 price target on the transportation company’s stock, down from their previous price target of $124.00.

A number of other research firms also recently commented on JBHT. Citigroup set a $120.00 target price on J B Hunt Transport Services and gave the company a hold rating in a research report on Thursday, September 12th. Zacks Investment Research downgraded J B Hunt Transport Services from a hold rating to a sell rating and set a $94.00 price objective on the stock. in a report on Thursday, June 20th. Stephens set a $124.00 price objective on J B Hunt Transport Services and gave the company a buy rating in a report on Friday, September 27th. Goldman Sachs Group initiated coverage on J B Hunt Transport Services in a report on Wednesday, July 10th. They issued a buy rating and a $113.00 price objective on the stock. Finally, BidaskClub upgraded J B Hunt Transport Services from a hold rating to a buy rating in a report on Saturday, August 31st. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $108.94.

NASDAQ:JBHT opened at $110.35 on Tuesday. J B Hunt Transport Services has a 52 week low of $83.64 and a 52 week high of $116.27. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $11.32 billion, a P/E ratio of 19.46, a P/E/G ratio of 1.28 and a beta of 1.14. The stock’s fifty day moving average is $109.62 and its two-hundred day moving average is $99.23.

J B Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Monday, July 15th. The transportation company reported $1.23 EPS for the quarter, missing the Zacks’ consensus estimate of $1.35 by ($0.12). J B Hunt Transport Services had a net margin of 5.33% and a return on equity of 29.35%. The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter in the prior year, the firm earned $1.37 EPS. J B Hunt Transport Services’s revenue for the quarter was up 5.7% compared to the same quarter last year. Sell-side analysts anticipate that J B Hunt Transport Services will post 5.51 earnings per share for the current fiscal year.

In related news, EVP Darren P. Field sold 1,200 shares of the business’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $99.07, for a total transaction of $118,884.00. Following the completion of the transaction, the executive vice president now directly owns 8,144 shares of the company’s stock, valued at approximately $806,826.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Earl Wayne Garrison sold 50,000 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $111.29, for a total value of $5,564,500.00. Following the transaction, the director now directly owns 1,608,958 shares of the company’s stock, valued at $179,060,935.82. The disclosure for this sale can be found here. Insiders sold a total of 83,126 shares of company stock worth $8,971,721 in the last quarter. Company insiders own 3.60% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JBHT. Price T Rowe Associates Inc. MD grew its stake in J B Hunt Transport Services by 64.1% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 16,549,237 shares of the transportation company’s stock worth $1,512,766,000 after purchasing an additional 6,466,645 shares in the last quarter. FMR LLC grew its stake in J B Hunt Transport Services by 60.7% during the 1st quarter. FMR LLC now owns 4,049,886 shares of the transportation company’s stock worth $410,212,000 after purchasing an additional 1,529,785 shares in the last quarter. Atlanta Capital Management Co. L L C grew its stake in J B Hunt Transport Services by 20.2% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 4,209,332 shares of the transportation company’s stock worth $384,775,000 after purchasing an additional 706,693 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in J B Hunt Transport Services during the 2nd quarter worth $27,881,000. Finally, Manning & Napier Group LLC acquired a new position in J B Hunt Transport Services during the 3rd quarter worth $25,360,000. 73.79% of the stock is owned by hedge funds and other institutional investors.

J B Hunt Transport Services Company Profile

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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Analyst Recommendations for J B Hunt Transport Services (NASDAQ:JBHT)

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