J B Hunt Transport Services (JBHT) Stock Price Up 6.2%

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J B Hunt Transport Services Inc (NASDAQ:JBHT)’s share price rose 6.2% during mid-day trading on Friday . The stock traded as high as $109.41 and last traded at $106.11. Approximately 2,007,185 shares traded hands during mid-day trading, an increase of 100% from the average daily volume of 1,002,828 shares. The stock had previously closed at $99.92.

JBHT has been the topic of several recent research reports. Stephens set a $118.00 price objective on shares of J B Hunt Transport Services and gave the company a “buy” rating in a research note on Friday, December 14th. Cleveland Research assumed coverage on shares of J B Hunt Transport Services in a research note on Friday, October 5th. They issued a “neutral” rating on the stock. Credit Suisse Group lowered their price target on shares of J B Hunt Transport Services from $148.00 to $121.00 and set an “outperform” rating on the stock in a research note on Tuesday. Zacks Investment Research cut shares of J B Hunt Transport Services from a “buy” rating to a “hold” rating in a research note on Friday, September 28th. Finally, Cowen reaffirmed a “hold” rating and set a $129.00 price target on shares of J B Hunt Transport Services in a research note on Tuesday, October 16th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $126.21.

The firm has a market cap of $10.54 billion, a PE ratio of 28.37, a PEG ratio of 1.28 and a beta of 1.01. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.39.

J B Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Thursday, January 17th. The transportation company reported $0.81 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.48 by ($0.67). The company had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.29 billion. J B Hunt Transport Services had a return on equity of 27.71% and a net margin of 9.49%. The company’s revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.87 earnings per share. On average, analysts forecast that J B Hunt Transport Services Inc will post 5.39 EPS for the current year.

Several hedge funds have recently made changes to their positions in JBHT. GSA Capital Partners LLP purchased a new position in shares of J B Hunt Transport Services during the 2nd quarter worth about $221,000. Dimensional Fund Advisors LP increased its position in J B Hunt Transport Services by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 492,089 shares of the transportation company’s stock worth $59,813,000 after purchasing an additional 35,189 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in J B Hunt Transport Services during the 2nd quarter worth approximately $10,726,000. OppenheimerFunds Inc. increased its position in J B Hunt Transport Services by 22.5% during the 2nd quarter. OppenheimerFunds Inc. now owns 6,513 shares of the transportation company’s stock worth $792,000 after purchasing an additional 1,196 shares in the last quarter. Finally, Raymond James & Associates increased its position in J B Hunt Transport Services by 54.8% during the 2nd quarter. Raymond James & Associates now owns 20,791 shares of the transportation company’s stock worth $2,527,000 after purchasing an additional 7,359 shares in the last quarter. Institutional investors and hedge funds own 73.41% of the company’s stock.

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J B Hunt Transport Services Company Profile (NASDAQ:JBHT)

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 through four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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