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

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

JBHT has been the topic of several other research reports. Barclays lifted 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 report on Thursday, July 16th. BMO Capital Markets reissued an “outperform” rating on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th. Citizens Jmp started coverage on shares of J.B. Hunt Transport Services in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. Raymond James Financial raised their target price on shares of J.B. Hunt Transport Services from $299.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, July 16th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th. One investment 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 company’s stock. Based on data from MarketBeat, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and an average price target of $286.30.

J.B. Hunt Transport Services Price Performance

Shares of J.B. Hunt Transport Services stock opened at $273.05 on Monday. The stock has a market cap of $25.64 billion, a P/E ratio of 38.68, a P/E/G ratio of 2.08 and a beta of 1.29. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.26 and a current ratio of 1.26. The stock’s fifty day moving average is $274.65 and its 200 day moving average is $256.46. J.B. Hunt Transport Services has a one year low of $130.12 and a one year high of $299.76.

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

Institutional Trading of J.B. Hunt Transport Services

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

J.B. Hunt Transport Services Company Profile

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.