Price Action to Note: Is Buying 52-Week Stock Like J B Hunt Transport Services Inc a Winning Strategy?

Price Action to Note: Is Buying 52 Week Stock Like J B Hunt Transport Services Inc a Winning Strategy?

The stock of J B Hunt Transport Services Inc (NASDAQ:JBHT) hit a new 52-week high and has $110.26 target or 23.00% above today’s $89.64 share price. The 9 months bullish chart indicates low risk for the $10.28B company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $110.26 price target is reached, the company will be worth $2.36B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.10 million shares traded hands or 2.80% up from the average. J B Hunt Transport Services Inc (NASDAQ:JBHT) has risen 5.87% since April 11, 2016 and is uptrending. It has underperformed by 0.28% the S&P500.

J B Hunt Transport Services Inc (NASDAQ:JBHT) Ratings Coverage

Out of 14 analysts covering JB Hunt Trans (NASDAQ:JBHT), 10 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 71% are positive. JB Hunt Trans has been the topic of 26 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was maintained by Credit Suisse on Tuesday, April 19 with “Outperform”. RBC Capital Markets maintained the shares of JBHT in a report on Friday, January 22 with “Outperform” rating. The stock of J B Hunt Transport Services Inc (NASDAQ:JBHT) has “Buy” rating given on Tuesday, July 26 by Buckingham Research. The firm has “Strong-Buy” rating by Vetr given on Wednesday, August 12. BB&T Capital upgraded J B Hunt Transport Services Inc (NASDAQ:JBHT) on Monday, January 25 to “Buy” rating. The rating was maintained by Credit Suisse on Friday, March 18 with “Outperform”. The stock of J B Hunt Transport Services Inc (NASDAQ:JBHT) has “Peer Perform” rating given on Thursday, August 6 by Wolfe Research. Deutsche Bank maintained the stock with “Hold” rating in Monday, October 12 report. The stock has “Outperform” rating given by Cowen & Co on Thursday, October 15. Bank of America upgraded the stock to “Buy” rating in Friday, September 11 report.

According to Zacks Investment Research, “J.B. Hunt Transport Services, Inc., together with its wholly-owned subsidiaries, is a diversified transportation services and logistics company. Through its subsidiaries the company transports primarily full-load containerizable freight throughout the continental United States and portions of Canada and Mexico. The company also manages or provides logistics and transportation-related services which may utilize the company’s own equipment and employees, or may employ equipment and services provided by unrelated third parties.”

Insitutional Activity: The institutional sentiment increased to 1.27 in 2016 Q2. Its up 0.09, from 1.18 in 2016Q1. The ratio improved, as 31 funds sold all J B Hunt Transport Services Inc shares owned while 118 reduced positions. 47 funds bought stakes while 142 increased positions. They now own 79.03 million shares or 2.77% less from 81.28 million shares in 2016Q1.
Parkside National Bank & Trust & owns 1,000 shares or 0.04% of their US portfolio. Stanley last reported 0.43% of its portfolio in the stock. Morgan Stanley accumulated 0% or 145,589 shares. Eagle Asset Management holds 32,185 shares or 0.02% of its portfolio. D E Shaw owns 196,004 shares or 0.03% of their US portfolio. Brant Point Invest Mngmt Llc, a New York-based fund reported 40,400 shares. State Of Wisconsin Board has invested 0.05% of its portfolio in J B Hunt Transport Services Inc (NASDAQ:JBHT). Credit Suisse Ag accumulated 0.04% or 433,375 shares. Acadian Asset Mngmt Lc last reported 113 shares in the company. Millennium Ltd Limited Liability Company last reported 233,509 shares in the company. Us Retail Bank De owns 59,765 shares or 0.02% of their US portfolio. Commercial Bank Of Montreal Can last reported 0.04% of its portfolio in the stock. Hartford Inv Management Co reported 21,231 shares or 0.04% of all its holdings. The New York-based Amalgamated Bankshares has invested 0.04% in J B Hunt Transport Services Inc (NASDAQ:JBHT). Kcg Holdg holds 4,337 shares or 0.01% of its portfolio.

Insider Transactions: Since June 6, 2016, the stock had 0 buys, and 11 selling transactions for $22.73 million net activity. 50,000 J B Hunt Transport Services Inc (NASDAQ:JBHT) shares with value of $4.20M were sold by GARRISON EARL WAYNE. 10,000 shares were sold by MATTHEWS TERRENCE D, worth $825,000. $1.62M worth of shares were sold by THOMPSON JAMES K on Wednesday, July 20. $525,007 worth of J B Hunt Transport Services Inc (NASDAQ:JBHT) was sold by MEE DAVID G on Monday, August 8. HARPER ALFRED C sold $494,460 worth of J B Hunt Transport Services Inc (NASDAQ:JBHT) on Monday, August 1. George Gary Charles had sold 46,464 shares worth $3.87 million. ROBERTS JOHN N sold $4.95 million worth of stock or 60,000 shares.

More recent J B Hunt Transport Services Inc (NASDAQ:JBHT) news were published by: Businesswire.com which released: “EPA Recognizes J.B. Hunt Transport Services, Inc. with 2016 Environmental …” on November 11, 2016. Also Wsj.com published the news titled: “Trucker JB Hunt Will Add to Fleet in 2017” on November 08, 2016. 247Wallst.com‘s news article titled: “JB Hunt Posts Disappointing Earnings” with publication date: October 17, 2016 was also an interesting one.

JBHT Company Profile

J.B. Hunt Transport Services, Inc., incorporated on August 10, 1961, is a holding company. The Firm is a surface transportation, delivery, and logistics firm in North America. The Company, through its subsidiaries, provides transportation and delivery services to various clients and clients throughout the continental United States, Canada and Mexico. The Firm operates through four divisions: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company’s service offerings include transportation of full truckload containerized freight, customized freight movement, revenue equipment, labor, systems and delivery services.

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