J.B. Hunt Transport Services (NASDAQ:JBHT – Get Free Report) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Monday.
Other equities analysts also recently issued research reports about the company. Barclays lowered their price target on J.B. Hunt Transport Services from $200.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 17th. Bank of America cut their price target on shares of J.B. Hunt Transport Services from $215.00 to $199.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Stephens decreased their price objective on shares of J.B. Hunt Transport Services from $210.00 to $192.00 and set an “overweight” rating on the stock in a report on Wednesday, April 17th. Loop Capital reduced their price target on shares of J.B. Hunt Transport Services from $200.00 to $177.00 and set a “hold” rating for the company in a research report on Thursday, April 18th. Finally, Stifel Nicolaus decreased their price target on shares of J.B. Hunt Transport Services from $188.00 to $173.00 and set a “hold” rating on the stock in a research note on Wednesday, April 17th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $194.24.
View Our Latest Report on JBHT
J.B. Hunt Transport Services Price Performance
Insider Buying and Selling at J.B. Hunt Transport Services
In other news, CFO John Kuhlow sold 3,500 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $213.00, for a total transaction of $745,500.00. Following the sale, the chief financial officer now owns 10,537 shares of the company’s stock, valued at $2,244,381. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO John N. Roberts bought 6,200 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was purchased at an average cost of $161.06 per share, with a total value of $998,572.00. Following the purchase, the chief executive officer now directly owns 313,955 shares of the company’s stock, valued at approximately $50,565,592.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John Kuhlow sold 3,500 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $213.00, for a total value of $745,500.00. Following the completion of the sale, the chief financial officer now directly owns 10,537 shares in the company, valued at approximately $2,244,381. The disclosure for this sale can be found here. Insiders sold a total of 15,454 shares of company stock valued at $3,283,219 in the last three months. 2.10% of the stock is owned by corporate insiders.
Institutional Trading of J.B. Hunt Transport Services
Hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of J.B. Hunt Transport Services by 184.6% during the third quarter. JPMorgan Chase & Co. now owns 2,154,757 shares of the transportation company’s stock worth $406,215,000 after buying an additional 1,397,651 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of J.B. Hunt Transport Services by 7,720.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 983,703 shares of the transportation company’s stock valued at $196,485,000 after purchasing an additional 971,124 shares during the period. Norges Bank purchased a new stake in shares of J.B. Hunt Transport Services during the fourth quarter worth approximately $185,299,000. Royal Bank of Canada lifted its holdings in shares of J.B. Hunt Transport Services by 437.9% during the third quarter. Royal Bank of Canada now owns 244,091 shares of the transportation company’s stock worth $46,016,000 after purchasing an additional 198,713 shares during the period. Finally, American Century Companies Inc. grew its position in J.B. Hunt Transport Services by 24.7% in the 3rd quarter. American Century Companies Inc. now owns 889,369 shares of the transportation company’s stock valued at $167,664,000 after buying an additional 176,027 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.
J.B. Hunt Transport Services Company Profile
J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.
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