J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $105.48 and last traded at $105.34, with a volume of 330,756 shares. The stock had previously closed at $104.26.

JBHT has been the subject of several research analyst reports. BidaskClub downgraded J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Zacks Investment Research raised J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a research note on Tuesday. Bank of America Corporation reissued a “buy” rating and set a $109.00 target price (up previously from $98.00) on shares of J.B. Hunt Transport Services in a research note on Monday, July 10th. Cowen and Company reissued a “buy” rating and set a $102.00 target price on shares of J.B. Hunt Transport Services in a research note on Friday, August 25th. Finally, BMO Capital Markets reissued a “hold” rating and set a $95.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $100.75.

The stock’s 50-day moving average is $97.10 and its 200-day moving average is $91.90. The stock has a market capitalization of $11.57 billion, a P/E ratio of 27.74 and a beta of 0.93.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Monday, July 17th. The transportation company reported $0.88 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.04). The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.74 billion. J.B. Hunt Transport Services had a return on equity of 30.00% and a net margin of 6.32%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 EPS. On average, analysts expect that J.B. Hunt Transport Services, Inc. will post $3.88 EPS for the current fiscal year.

In other J.B. Hunt Transport Services news, Chairman James K. Thompson sold 8,503 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $91.76, for a total value of $780,235.28. Following the transaction, the chairman now directly owns 51,846 shares of the company’s stock, valued at approximately $4,757,388.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Terrence D. Matthews sold 2,694 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $101.00, for a total value of $272,094.00. Following the completion of the transaction, the executive vice president now directly owns 21,140 shares in the company, valued at $2,135,140. The disclosure for this sale can be found here. Insiders sold a total of 1,052,872 shares of company stock worth $103,066,436 over the last ninety days. Insiders own 4.30% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Lord Abbett & CO. LLC increased its stake in J.B. Hunt Transport Services by 9.2% in the 2nd quarter. Lord Abbett & CO. LLC now owns 158,981 shares of the transportation company’s stock worth $14,528,000 after purchasing an additional 13,355 shares during the period. Toronto Dominion Bank increased its stake in J.B. Hunt Transport Services by 24.1% in the 2nd quarter. Toronto Dominion Bank now owns 29,101 shares of the transportation company’s stock worth $2,658,000 after purchasing an additional 5,642 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in J.B. Hunt Transport Services in the 2nd quarter worth approximately $211,000. Castleark Management LLC increased its stake in J.B. Hunt Transport Services by 9.3% in the 2nd quarter. Castleark Management LLC now owns 249,957 shares of the transportation company’s stock worth $22,841,000 after purchasing an additional 21,324 shares during the period. Finally, Nomura Holdings Inc. increased its stake in J.B. Hunt Transport Services by 2,346.5% in the 2nd quarter. Nomura Holdings Inc. now owns 204,184 shares of the transportation company’s stock worth $18,664,000 after purchasing an additional 195,838 shares during the period. 71.54% of the stock is currently owned by institutional investors and hedge funds.

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About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

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