Trade Report: The JB Hunt Transport Services Inc. (JBHT) Given Buy Rating at KeyCorp

The JB Hunt Transport Services Inc. (JBHT) Given Buy Rating at KeyCorp

JB Hunt Transport Services Inc. (NASDAQ:JBHT)‘s stock had its “buy” rating reaffirmed by KeyCorp in a research note issued to investors on Sunday. They currently have a $92.00 price objective on the stock. KeyCorp’s target price indicates a potential upside of 13.93% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Zacks Investment Research downgraded JB Hunt Transport Services from a “hold” rating to a “sell” rating in a report on Tuesday, June 21st. Buckingham Research upgraded JB Hunt Transport Services from a “neutral” rating to a “buy” rating and set a $95.00 target price on the stock in a report on Tuesday, July 26th. RBC Capital Markets reiterated an “outperform” rating and set a $94.00 target price (down previously from $98.00) on shares of JB Hunt Transport Services in a report on Tuesday, July 19th. Royal Bank Of Canada reduced their target price on JB Hunt Transport Services from $98.00 to $94.00 and set an “outperform” rating on the stock in a report on Tuesday, July 19th. Finally, Wells Fargo & Co. reiterated a “buy” rating and set a $95.00 target price on shares of JB Hunt Transport Services in a report on Monday, July 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. JB Hunt Transport Services currently has a consensus rating of “Buy” and a consensus price target of $91.29.

Shares of JB Hunt Transport Services (NASDAQ:JBHT) opened at 80.75 on Friday. JB Hunt Transport Services has a one year low of $63.58 and a one year high of $89.43. The company’s 50-day moving average price is $80.56 and its 200-day moving average price is $82.20. The company has a market capitalization of $9.10 billion, a price-to-earnings ratio of 21.22 and a beta of 0.92.

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JB Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Monday, July 18th. The company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by $0.05. JB Hunt Transport Services had a net margin of 6.88% and a return on equity of 33.52%. The business had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter in the prior year, the firm earned $0.88 EPS. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities research analysts predict that JB Hunt Transport Services will post $3.91 earnings per share for the current year.

In other news, EVP Nicholas Hobbs sold 1,201 shares of the stock in a transaction on Friday, August 19th. The stock was sold at an average price of $83.30, for a total transaction of $100,043.30. Following the transaction, the executive vice president now directly owns 49,474 shares of the company’s stock, valued at approximately $4,121,184.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Stuart Lockard Scott sold 4,360 shares of the stock in a transaction on Friday, July 29th. The shares were sold at an average price of $83.12, for a total value of $362,403.20. Following the transaction, the executive vice president now directly owns 5,130 shares in the company, valued at $426,405.60. The disclosure for this sale can be found here. Insiders own 4.50% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. TIAA CREF Investment Management LLC boosted its position in JB Hunt Transport Services by 30.9% in the first quarter. TIAA CREF Investment Management LLC now owns 248,920 shares of the company’s stock valued at $20,969,000 after buying an additional 58,816 shares during the last quarter. Teachers Advisors Inc. boosted its position in JB Hunt Transport Services by 1.2% in the first quarter. Teachers Advisors Inc. now owns 83,682 shares of the company’s stock valued at $7,049,000 after buying an additional 1,012 shares during the last quarter. Prudential Financial Inc. boosted its position in JB Hunt Transport Services by 1.4% in the first quarter. Prudential Financial Inc. now owns 113,803 shares of the company’s stock valued at $9,587,000 after buying an additional 1,600 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in JB Hunt Transport Services by 6.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,621,436 shares of the company’s stock valued at $220,830,000 after buying an additional 159,546 shares during the last quarter. Finally, BlackRock Japan Co. Ltd boosted its position in JB Hunt Transport Services by 15.4% in the first quarter. BlackRock Japan Co. Ltd now owns 126,817 shares of the company’s stock valued at $10,683,000 after buying an additional 16,949 shares during the last quarter. 71.59% of the stock is currently owned by hedge funds and other institutional investors.

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