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

J.B. Hunt Transport Services (NASDAQ:JBHT) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Monday.

A number of other research analysts also recently weighed in on JBHT. Loop Capital decreased their price target on J.B. Hunt Transport Services from $200.00 to $177.00 and set a “hold” rating for the company in a research note on Thursday, April 18th. Benchmark reiterated a “buy” rating and set a $215.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 17th. Susquehanna dropped their price target on J.B. Hunt Transport Services from $195.00 to $185.00 and set a “neutral” rating for the company in a report on Wednesday, April 17th. BMO Capital Markets dropped their price target on J.B. Hunt Transport Services from $218.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, April 18th. Finally, Robert W. Baird dropped their price objective on J.B. Hunt Transport Services from $215.00 to $205.00 and set an “outperform” rating for the company in a report on Wednesday, April 17th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and a consensus target price of $194.24.

J.B. Hunt Transport Services Stock Up 0.3 %

NASDAQ:JBHT opened at $162.57 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.15 and a current ratio of 1.26. The company has a market cap of $16.79 billion, a PE ratio of 25.80, a PEG ratio of 2.13 and a beta of 1.11. J.B. Hunt Transport Services has a 52-week low of $160.07 and a 52-week high of $219.51. The stock has a 50-day simple moving average of $191.84 and a 200 day simple moving average of $191.83.

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

In other J.B. Hunt Transport Services news, Director Patrick J. Ottensmeyer acquired 5,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were bought at an average cost of $202.99 per share, with a total value of $1,014,950.00. Following the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $1,014,950. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Patrick J. Ottensmeyer acquired 5,000 shares of the stock in a transaction dated Monday, March 4th. The stock was purchased at an average cost of $202.99 per share, with a total value of $1,014,950.00. Following the completion of the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $1,014,950. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO John N. Roberts acquired 6,200 shares of the stock in a transaction dated Friday, April 26th. The stock was bought at an average cost of $161.06 per share, with a total value of $998,572.00. Following the completion of the purchase, the chief executive officer now owns 313,955 shares of the company’s stock, valued at $50,565,592.30. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 15,454 shares of company stock worth $3,283,219. Insiders own 2.10% of the company’s stock.

Institutional Trading of J.B. Hunt Transport Services

Institutional investors and hedge funds have recently modified their holdings of the stock. VisionPoint Advisory Group LLC raised its stake in shares of J.B. Hunt Transport Services by 104.8% in the third quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock worth $32,000 after purchasing an additional 87 shares during the last quarter. Operose Advisors LLC bought a new position in shares of J.B. Hunt Transport Services in the third quarter valued at approximately $34,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of J.B. Hunt Transport Services in the third quarter valued at approximately $36,000. YHB Investment Advisors Inc. bought a new position in shares of J.B. Hunt Transport Services in the first quarter valued at approximately $40,000. Finally, Exchange Traded Concepts LLC bought a new position in shares of J.B. Hunt Transport Services in the third quarter valued at approximately $45,000. 74.95% 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 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.