J.B. Hunt Transport Services’ (JBHT) Underweight Rating Reaffirmed at Morgan Stanley

J.B. Hunt Transport Services (NASDAQ:JBHT)‘s stock had its “underweight” rating reiterated by investment analysts at Morgan Stanley in a research note issued on Monday,Benzinga reports.

JBHT has been the subject of a number of other research reports. Argus set a $285.00 price target on J.B. Hunt Transport Services in a research note on Monday, April 20th. Barclays raised their target price on J.B. Hunt Transport Services from $235.00 to $270.00 and gave the company an “equal weight” rating in a report on Thursday, June 25th. Susquehanna boosted their price target on J.B. Hunt Transport Services from $250.00 to $290.00 and gave the stock a “positive” rating in a report on Wednesday, April 22nd. Truist Financial raised their price target on shares of J.B. Hunt Transport Services from $205.00 to $230.00 and gave the company a “hold” rating in a research note on Thursday, April 16th. Finally, Wells Fargo & Company boosted their target price on shares of J.B. Hunt Transport Services from $250.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $239.87.

J.B. Hunt Transport Services Stock Performance

Shares of J.B. Hunt Transport Services stock opened at $285.83 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market cap of $26.95 billion, a PE ratio of 44.25, a PEG ratio of 2.13 and a beta of 1.29. J.B. Hunt Transport Services has a 52-week low of $130.12 and a 52-week high of $294.98. The firm has a 50-day moving average of $267.44 and a 200-day moving average of $232.56.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Wednesday, April 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.04. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.01 billion. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.17 EPS. As a group, sell-side analysts forecast that J.B. Hunt Transport Services will post 7.27 EPS for the current year.

Insider Transactions at J.B. Hunt Transport Services

In other news, insider Bradley W. Hicks sold 7,644 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $261.91, for a total transaction of $2,002,040.04. Following the completion of the sale, the insider directly owned 23,982 shares in the company, valued at $6,281,125.62. This represents a 24.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Brian Webb sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction on Friday, June 5th. The stock was sold at an average price of $284.01, for a total transaction of $426,015.00. Following the transaction, the executive vice president directly owned 15,881 shares of the company’s stock, valued at $4,510,362.81. This represents a 8.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 18,119 shares of company stock worth $4,736,095. Company insiders own 2.50% of the company’s stock.

Institutional Trading of J.B. Hunt Transport Services

A number of large investors have recently bought and sold shares of JBHT. Summitry LLC raised its position in shares of J.B. Hunt Transport Services by 2.9% in the 1st quarter. Summitry LLC now owns 1,560 shares of the transportation company’s stock worth $331,000 after acquiring an additional 44 shares in the last quarter. Keybank National Association OH boosted its position in shares of J.B. Hunt Transport Services by 2.7% during the 1st quarter. Keybank National Association OH now owns 1,765 shares of the transportation company’s stock valued at $374,000 after purchasing an additional 46 shares in the last quarter. Root Financial Partners LLC boosted its position in shares of J.B. Hunt Transport Services by 25.4% during the 4th quarter. Root Financial Partners LLC now owns 232 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 47 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in J.B. Hunt Transport Services by 0.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 8,622 shares of the transportation company’s stock worth $1,827,000 after purchasing an additional 47 shares during the period. Finally, CIBC Private Wealth Group LLC grew its stake in J.B. Hunt Transport Services by 34.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock worth $37,000 after purchasing an additional 48 shares during the period. 74.95% of the stock is currently owned by institutional investors and hedge funds.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.