J B Hunt Transport Services (NASDAQ:JBHT) Downgraded to “Neutral” at Knight Equity

Knight Equity lowered shares of J B Hunt Transport Services (NASDAQ:JBHT) from a top pick rating to a neutral rating in a research report sent to investors on Tuesday, The Fly reports. They currently have $119.00 price target on the transportation company’s stock, down from their previous price target of $124.00. The analysts noted that the move was a valuation call.

A number of other equities research analysts have also weighed in on the company. Deutsche Bank set a $82.00 target price on J B Hunt Transport Services and gave the company a sell rating in a research note on Thursday, July 11th. Citigroup set a $120.00 target price on J B Hunt Transport Services and gave the company a hold rating in a research note on Thursday, September 12th. Cowen reissued a market perform rating and issued a $113.00 target price (up previously from $112.00) on shares of J B Hunt Transport Services in a research note on Tuesday, July 16th. Zacks Investment Research lowered J B Hunt Transport Services from a hold rating to a sell rating and set a $94.00 target price for the company. in a research note on Thursday, June 20th. Finally, UBS Group lowered J B Hunt Transport Services from a buy rating to a neutral rating and lowered their target price for the company from $121.00 to $96.00 in a research note on Tuesday, June 18th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $108.94.

NASDAQ JBHT opened at $110.35 on Tuesday. J B Hunt Transport Services has a 1-year low of $83.64 and a 1-year high of $116.27. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.64. The stock has a 50-day moving average of $109.62 and a 200-day moving average of $99.23. The firm has a market cap of $11.32 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 1.28 and a beta of 1.14.

J B Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Monday, July 15th. The transportation company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period last year, the firm posted $1.37 EPS. The company’s revenue was up 5.7% on a year-over-year basis. As a group, equities research analysts forecast that J B Hunt Transport Services will post 5.51 earnings per share for the current fiscal year.

In other J B Hunt Transport Services news, EVP Nicholas Hobbs sold 2,300 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $110.80, for a total transaction of $254,840.00. Following the completion of the transaction, the executive vice president now owns 61,519 shares of the company’s stock, valued at approximately $6,816,305.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Earl Wayne Garrison sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were 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 approximately $179,060,935.82. The disclosure for this sale can be found here. Insiders have sold a total of 83,126 shares of company stock valued at $8,971,721 in the last ninety days. 3.60% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JBHT. LS Investment Advisors LLC grew its holdings in shares of J B Hunt Transport Services by 2.7% during the 2nd quarter. LS Investment Advisors LLC now owns 3,964 shares of the transportation company’s stock worth $362,000 after acquiring an additional 105 shares during the period. Securian Asset Management Inc grew its holdings in shares of J B Hunt Transport Services by 1.2% during the 2nd quarter. Securian Asset Management Inc now owns 8,924 shares of the transportation company’s stock worth $816,000 after acquiring an additional 106 shares during the period. Meadow Creek Investment Management LLC grew its holdings in shares of J B Hunt Transport Services by 2.2% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 5,104 shares of the transportation company’s stock worth $467,000 after acquiring an additional 110 shares during the period. Veritable L.P. grew its holdings in shares of J B Hunt Transport Services by 5.3% during the 2nd quarter. Veritable L.P. now owns 2,205 shares of the transportation company’s stock worth $202,000 after acquiring an additional 111 shares during the period. Finally, FTB Advisors Inc. grew its holdings in shares of J B Hunt Transport Services by 49.2% during the 2nd quarter. FTB Advisors Inc. now owns 373 shares of the transportation company’s stock worth $34,000 after acquiring an additional 123 shares during the period. 73.79% of the stock is owned by institutional investors and hedge funds.

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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