Deutsche Bank Lowers J B Hunt Transport Services (JBHT) to Sell

J B Hunt Transport Services (NASDAQ:JBHT) was downgraded by stock analysts at Deutsche Bank from a “buy” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, April 17th, Marketbeat Ratings reports. They presently have a $98.51 target price on the transportation company’s stock. Deutsche Bank’s price objective indicates a potential upside of 3.26% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Buckingham Research dropped their price objective on shares of J B Hunt Transport Services from $132.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, April 2nd. ValuEngine raised shares of J B Hunt Transport Services from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. Credit Suisse Group dropped their price objective on shares of J B Hunt Transport Services from $148.00 to $121.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 15th. Loop Capital dropped their price target on shares of J B Hunt Transport Services to $133.00 and set a “buy” rating on the stock in a research report on Tuesday, April 16th. Finally, Argus lowered shares of J B Hunt Transport Services from a “buy” rating to a “hold” rating in a research report on Wednesday, April 17th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $115.89.

JBHT opened at $95.40 on Wednesday. The firm has a market cap of $10.36 billion, a PE ratio of 16.83, a PEG ratio of 1.12 and a beta of 1.08. J B Hunt Transport Services has a twelve month low of $88.38 and a twelve month high of $131.74. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.58.

J B Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Monday, April 15th. The transportation company reported $1.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.25 by ($0.16). The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.17 billion. J B Hunt Transport Services had a return on equity of 29.84% and a net margin of 5.61%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.07 earnings per share. As a group, research analysts anticipate that J B Hunt Transport Services will post 5.69 earnings per share for the current fiscal year.

In other J B Hunt Transport Services news, Director Gary Charles George bought 5,000 shares of J B Hunt Transport Services stock in a transaction dated Friday, May 3rd. The stock was purchased at an average price of $94.52 per share, for a total transaction of $472,600.00. Following the completion of the purchase, the director now directly owns 43,369 shares of the company’s stock, valued at $4,099,237.88. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Alfred C. Harper sold 7,100 shares of J B Hunt Transport Services stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $105.87, for a total transaction of $751,677.00. Following the completion of the transaction, the chief operating officer now owns 16,756 shares of the company’s stock, valued at approximately $1,773,957.72. The disclosure for this sale can be found here. Insiders have sold 12,986 shares of company stock valued at $1,402,544 in the last 90 days. 3.60% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in shares of J B Hunt Transport Services by 23.1% in the third quarter. Bank of New York Mellon Corp now owns 2,455,788 shares of the transportation company’s stock valued at $292,090,000 after acquiring an additional 461,225 shares during the period. Virtu Financial LLC bought a new position in shares of J B Hunt Transport Services in the third quarter valued at approximately $232,000. Dimensional Fund Advisors LP boosted its position in shares of J B Hunt Transport Services by 2.8% in the third quarter. Dimensional Fund Advisors LP now owns 505,837 shares of the transportation company’s stock valued at $60,162,000 after acquiring an additional 13,748 shares during the period. LPL Financial LLC boosted its position in shares of J B Hunt Transport Services by 39.7% in the third quarter. LPL Financial LLC now owns 22,185 shares of the transportation company’s stock valued at $2,639,000 after acquiring an additional 6,301 shares during the period. Finally, Pacer Advisors Inc. boosted its position in shares of J B Hunt Transport Services by 15.9% in the third quarter. Pacer Advisors Inc. now owns 8,646 shares of the transportation company’s stock valued at $1,028,000 after acquiring an additional 1,183 shares during the period. Hedge funds and other institutional investors own 71.87% of the company’s stock.

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).

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

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