JB Hunt Transport Services Inc. (NASDAQ:JBHT) shares saw strong trading volume on Friday . 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.

A number of equities research analysts have issued reports on the stock. Vetr lowered shares of JB Hunt Transport Services from a “buy” rating to a “hold” rating and set a $92.00 target price on the stock. in a report on Wednesday, April 20th. Credit Suisse Group AG reiterated a “buy” rating and set a $96.00 target price (up from $93.00) on shares of JB Hunt Transport Services in a report on Tuesday, April 19th. Sanford C. Bernstein increased their target price on shares of JB Hunt Transport Services from $92.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, April 19th. Robert W. Baird reiterated a “hold” rating on shares of JB Hunt Transport Services in a report on Tuesday, April 19th. Finally, Buckingham Research increased their target price on shares of JB Hunt Transport Services from $67.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, April 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $88.79.

The firm has a market cap of $9.61 billion and a P/E ratio of 22.66. The stock has a 50-day moving average of $81.60 and a 200 day moving average of $79.42.

JB Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Monday, April 18th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.03. During the same quarter in the prior year, the firm earned $0.78 earnings per share. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.52 billion. JB Hunt Transport Services’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, analysts anticipate that JB Hunt Transport Services Inc. will post $3.98 earnings per share for the current fiscal year.

In other news, CEO John N. Roberts sold 60,000 shares of the business’s stock in a transaction on Monday, June 6th. The shares were sold at an average price of $82.49, for a total transaction of $4,949,400.00. Following the transaction, the chief executive officer now directly owns 226,967 shares of the company’s stock, valued at $18,722,507.83. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Terrence D. Matthews sold 15,000 shares of the business’s stock in a transaction on Wednesday, April 20th. The stock was sold at an average price of $89.02, for a total transaction of $1,335,300.00. Following the transaction, the executive vice president now directly owns 14,909 shares in the company, valued at $1,327,199.18. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have recently bought and sold shares of JBHT. Sei Investments Co. boosted its position in JB Hunt Transport Services by 64.8% in the fourth quarter. Sei Investments Co. now owns 16,789 shares of the company’s stock worth $1,232,000 after buying an additional 6,603 shares during the last quarter. Advisors Asset Management Inc. boosted its position 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 last quarter. Aberdeen Asset Management PLC UK boosted its position in JB Hunt Transport Services by 26.8% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 17,895 shares of the company’s stock worth $1,378,000 after buying an additional 3,787 shares during the last quarter. Cornerstone Capital Management Holdings LLC. boosted its position in JB Hunt Transport Services by 27.2% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 26,107 shares of the company’s stock worth $1,915,000 after buying an additional 5,586 shares during the last quarter. Finally, Gulf International Bank UK Ltd boosted its position in JB Hunt Transport Services by 3.1% in the fourth quarter. Gulf International Bank UK Ltd now owns 27,197 shares of the company’s stock worth $1,995,000 after buying an additional 810 shares during the last quarter.

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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