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

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

Several other equities analysts have also commented on the stock. Cowen reaffirmed a market perform rating and issued a $112.00 price objective (down from $122.00) on shares of J B Hunt Transport Services in a research report on Tuesday, April 16th. Deutsche Bank lowered shares of J B Hunt Transport Services from a buy rating to a sell rating and set a $98.51 price objective for the company. in a research report on Wednesday, April 17th. Barclays decreased their price objective on shares of Kansas City Southern from $130.00 to $128.00 and set an equal weight rating for the company in a research report on Thursday, April 4th. BMO Capital Markets reaffirmed a buy rating and issued a $50.00 price objective on shares of Fortis in a research report on Tuesday, April 16th. Finally, Buckingham Research decreased their price objective on shares of Werner Enterprises from $43.00 to $42.00 and set a buy rating for the company in a research report on Tuesday, April 2nd. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $109.00.

Shares of J B Hunt Transport Services stock opened at $92.94 on Thursday. 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. 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 firm has a 50 day moving average of $89.00. J B Hunt Transport Services has a 52 week low of $83.64 and a 52 week high of $129.98.

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

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

Hedge funds and other institutional investors have recently modified their holdings of the company. FTB Advisors Inc. acquired a new stake in shares of J B Hunt Transport Services during the 1st quarter worth approximately $25,000. Somerset Trust Co grew its stake in shares of J B Hunt Transport Services by 169.1% during the 1st quarter. Somerset Trust Co now owns 296 shares of the transportation company’s stock worth $30,000 after purchasing an additional 186 shares during the period. CSat Investment Advisory L.P. grew its stake in shares of J B Hunt Transport Services by 116.0% during the 4th quarter. CSat Investment Advisory L.P. now owns 337 shares of the transportation company’s stock worth $31,000 after purchasing an additional 181 shares during the period. Thor Advisors LLC acquired a new stake in shares of J B Hunt Transport Services during the 1st quarter worth approximately $35,000. Finally, Pearl River Capital LLC grew its stake in shares of J B Hunt Transport Services by 267.0% during the 1st quarter. Pearl River Capital LLC now owns 668 shares of the transportation company’s stock worth $68,000 after purchasing an additional 486 shares during the period. 72.94% of the stock is currently 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).

Featured Article: What are catch-up contributions?

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

Receive News & Ratings for J B Hunt Transport Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J B Hunt Transport Services and related companies with MarketBeat.com's FREE daily email newsletter.