JB Hunt Transport Services Inc. (NASDAQ:JBHT) shares saw unusually-high trading volume on Friday . Approximately 1,219,981 shares changed hands during trading, an increase of 13% from the previous session’s volume of 1,081,639 shares.The stock last traded at $85.27 and had previously closed at $85.31.

JBHT has been the topic of a number of research analyst reports. Vetr upgraded shares of JB Hunt Transport Services from a “buy” rating to a “strong-buy” rating and set a $92.00 price objective on the stock in a research note on Monday, May 16th. Credit Suisse Group AG reiterated a “buy” rating and set a $96.00 price objective (up previously from $93.00) on shares of JB Hunt Transport Services in a research note on Tuesday, April 19th. Cowen and Company reiterated an “outperform” rating and set a $94.00 price objective (up previously from $85.00) on shares of JB Hunt Transport Services in a research note on Monday, April 18th. Buckingham Research raised their price objective on shares of JB Hunt Transport Services from $67.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, April 15th. Finally, Zacks Investment Research lowered shares of JB Hunt Transport Services from a “buy” rating to a “hold” rating in a research note on Wednesday, April 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $88.79.

The stock’s 50 day moving average price is $81.60 and its 200 day moving average price is $79.42. The company has a market capitalization of $9.61 billion and a P/E ratio of 22.66.

JB Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Monday, April 18th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.03. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.52 billion. JB Hunt Transport Services’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.78 earnings per share. On average, equities research analysts expect that JB Hunt Transport Services Inc. will post $4.00 earnings per share for the current fiscal year.

In related news, EVP Terrence D. Matthews sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 20th. The shares were sold at an average price of $89.02, for a total transaction of $1,335,300.00. Following the completion of the sale, the executive vice president now directly owns 14,909 shares of the company’s stock, valued at $1,327,199.18. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman James K. Thompson sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $82.14, for a total transaction of $410,700.00. Following the sale, the chairman now directly owns 65,346 shares of the company’s stock, valued at $5,367,520.44. The disclosure for this sale can be found here.

Several large investors have bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in JB Hunt Transport Services by 14.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 388,644 shares of the company’s stock worth $28,510,000 after buying an additional 48,220 shares during the period. Stephens Inc. AR increased its stake in JB Hunt Transport Services by 38.6% in the fourth quarter. Stephens Inc. AR now owns 42,896 shares of the company’s stock worth $3,147,000 after buying an additional 11,950 shares during the period. Advisors Asset Management Inc. increased its stake in JB Hunt Transport Services by 4.8% in the fourth quarter. Advisors Asset Management Inc. now owns 18,296 shares of the company’s stock worth $1,342,000 after buying an additional 831 shares during the period. MUFG Americas Holdings Corp increased its stake in JB Hunt Transport Services by 35.8% in the fourth quarter. MUFG Americas Holdings Corp now owns 28,183 shares of the company’s stock worth $2,067,000 after buying an additional 7,426 shares during the period. Finally, Schroder Investment Management Group acquired a new stake in JB Hunt Transport Services during the fourth quarter worth $2,750,000.

J.B. Hunt Transport Services, Inc is a holding company. The Company is a surface transportation, delivery, and logistics company in North America. The Company, through its subsidiaries, provides transportation and delivery services to various customers and consumers throughout the continental United States, Canada and Mexico.

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