Cowen and Company reiterated their buy rating on shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in a report published on Sunday morning. Cowen and Company currently has a $102.00 target price on the transportation company’s stock.

Other equities analysts have also issued reports about the company. Loop Capital reiterated a buy rating and set a $103.00 price objective (down from $105.00) on shares of J.B. Hunt Transport Services in a research report on Saturday, July 22nd. Bank of America Corporation reiterated a buy rating and set a $109.00 price objective (up from $98.00) on shares of J.B. Hunt Transport Services in a research report on Monday, July 10th. Zacks Investment Research upgraded J.B. Hunt Transport Services from a hold rating to a buy rating and set a $115.00 price objective on the stock in a research report on Tuesday, September 19th. KeyCorp reiterated a buy rating and set a $115.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday, September 22nd. Finally, Stifel Nicolaus upgraded J.B. Hunt Transport Services from a hold rating to a buy rating and increased their price objective for the company from $91.00 to $125.00 in a research report on Friday, September 29th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. J.B. Hunt Transport Services presently has a consensus rating of Buy and an average target price of $104.19.

Shares of J.B. Hunt Transport Services (JBHT) opened at 108.66 on Friday. J.B. Hunt Transport Services has a 52 week low of $76.20 and a 52 week high of $111.98. The stock’s 50 day moving average price is $101.93 and its 200-day moving average price is $92.85. The firm has a market capitalization of $11.89 billion, a price-to-earnings ratio of 28.50 and a beta of 0.97.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Monday, July 17th. The transportation company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.04). The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.74 billion. J.B. Hunt Transport Services had a net margin of 6.32% and a return on equity of 30.00%. J.B. Hunt Transport Services’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.92 earnings per share. Equities analysts predict that J.B. Hunt Transport Services will post $3.86 earnings per share for the current year.

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In other J.B. Hunt Transport Services news, EVP Terrence D. Matthews sold 2,694 shares of the stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $101.00, for a total value of $272,094.00. Following the completion of the sale, the executive vice president now owns 21,140 shares in the company, valued at approximately $2,135,140. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman James K. Thompson sold 8,503 shares of the stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $91.76, for a total value of $780,235.28. Following the completion of the sale, the chairman now owns 51,846 shares of the company’s stock, valued at approximately $4,757,388.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,052,872 shares of company stock worth $103,066,436. 4.30% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JBHT. BlackRock Inc. lifted its holdings in J.B. Hunt Transport Services by 2,611.8% in the 1st quarter. BlackRock Inc. now owns 6,252,515 shares of the transportation company’s stock worth $573,604,000 after buying an additional 6,021,944 shares during the period. Sustainable Growth Advisers LP purchased a new stake in J.B. Hunt Transport Services in the 2nd quarter worth approximately $147,610,000. Bank of New York Mellon Corp lifted its holdings in J.B. Hunt Transport Services by 25.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,655,290 shares of the transportation company’s stock worth $242,640,000 after buying an additional 531,089 shares during the period. Renaissance Technologies LLC lifted its holdings in J.B. Hunt Transport Services by 423.1% in the 1st quarter. Renaissance Technologies LLC now owns 625,344 shares of the transportation company’s stock worth $57,369,000 after buying an additional 505,800 shares during the period. Finally, Atlanta Capital Management Co. L L C lifted its holdings in J.B. Hunt Transport Services by 15.4% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 3,568,728 shares of the transportation company’s stock worth $326,110,000 after buying an additional 477,144 shares during the period. Institutional investors and hedge funds own 71.54% of the company’s stock.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

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

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