Zacks Research Downgrades J.B. Hunt Transport Services (NASDAQ:JBHT) to Hold

J.B. Hunt Transport Services (NASDAQ:JBHT) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday, Zacks reports.

JBHT has been the subject of a number of other research reports. Robert W. Baird upped their price objective on shares of J.B. Hunt Transport Services from $290.00 to $320.00 and gave the company an “outperform” rating in a research note on Thursday, July 16th. Stephens boosted their price target on shares of J.B. Hunt Transport Services from $360.00 to $370.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Wells Fargo & Company boosted their price target on shares of J.B. Hunt Transport Services from $310.00 to $335.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. The Goldman Sachs Group set a $261.00 price target on shares of J.B. Hunt Transport Services in a research report on Thursday, July 16th. Finally, Barclays raised their price objective on J.B. Hunt Transport Services from $270.00 to $300.00 and gave the company an “equal weight” rating in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $286.30.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT opened at $273.05 on Monday. The business has a 50 day moving average of $274.65 and a 200 day moving average of $256.46. The company has a market capitalization of $25.64 billion, a price-to-earnings ratio of 38.68, a PEG ratio of 2.08 and a beta of 1.29. J.B. Hunt Transport Services has a 1-year low of $130.12 and a 1-year high of $299.76. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.26 and a quick ratio of 1.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.20. The business had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.26 billion. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The business’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period last year, the business earned $1.31 earnings per share. On average, sell-side analysts predict that J.B. Hunt Transport Services will post 7.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On J.B. Hunt Transport Services

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Junto Capital Management LP grew its position in J.B. Hunt Transport Services by 9.3% during the 2nd quarter. Junto Capital Management LP now owns 426,492 shares of the transportation company’s stock valued at $123,440,000 after purchasing an additional 36,149 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of J.B. Hunt Transport Services by 5.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,546 shares of the transportation company’s stock worth $2,184,000 after purchasing an additional 381 shares in the last quarter. Tidal Investments LLC raised its stake in shares of J.B. Hunt Transport Services by 11.4% in the second quarter. Tidal Investments LLC now owns 19,499 shares of the transportation company’s stock worth $5,644,000 after purchasing an additional 1,988 shares during the last quarter. National Pension Service lifted its holdings in shares of J.B. Hunt Transport Services by 5.0% during the second quarter. National Pension Service now owns 50,778 shares of the transportation company’s stock valued at $14,697,000 after purchasing an additional 2,397 shares in the last quarter. Finally, Integrated Wealth Concepts LLC lifted its holdings in shares of J.B. Hunt Transport Services by 32.2% during the second quarter. Integrated Wealth Concepts LLC now owns 15,620 shares of the transportation company’s stock valued at $4,521,000 after purchasing an additional 3,801 shares in the last quarter. Institutional investors own 74.95% of the company’s stock.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a transportation and logistics company headquartered in Lowell, Arkansas. Through its operating segments, the company provides freight transportation, logistics and supply-chain services to customers across North America.

Its principal businesses include intermodal transportation, which combines rail and trucking; dedicated contract services, which provides customized transportation and fleet-management solutions; and integrated capacity solutions, which matches customer freight with available transportation capacity.