Price Action Alert: Does J B Hunt Transport Services Inc Have More Gas After Reaching 52-Week High?

Price Action Alert: Does J B Hunt Transport Services Inc Have More Gas After Reaching 52 Week High?

The stock of J B Hunt Transport Services Inc (NASDAQ:JBHT) hit a new 52-week high and has $120.83 target or 32.00% above today’s $91.54 share price. The 9 months bullish chart indicates low risk for the $10.27 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $120.83 price target is reached, the company will be worth $3.29 billion 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 164,026 shares traded hands. J B Hunt Transport Services Inc (NASDAQ:JBHT) has risen 3.40% since April 19, 2016 and is uptrending. It has underperformed by 0.46% the S&P500.

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

Out of 15 analysts covering JB Hunt Trans (NASDAQ:JBHT), 11 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 73% are positive. JB Hunt Trans has been the topic of 27 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Cowen & Co on Thursday, October 15. On Monday, January 25 the stock rating was upgraded by BB&T Capital to “Buy”. The stock of J B Hunt Transport Services Inc (NASDAQ:JBHT) earned “Hold” rating by Deutsche Bank on Monday, October 12. The firm has “Buy” rating given on Tuesday, July 26 by Buckingham Research. The firm has “Outperform” rating given on Friday, March 18 by Credit Suisse. Bank of America maintained J B Hunt Transport Services Inc (NASDAQ:JBHT) rating on Monday, February 22. Bank of America has “Buy” rating and $86 price target. Wolfe Research upgraded the stock to “Outperform” rating in Tuesday, January 12 report. The firm earned “Buy” rating on Wednesday, November 16 by Loop Capital. The rating was maintained by Barclays Capital with “Overweight” on Monday, October 5. The firm earned “Outperform” rating on Tuesday, April 19 by Bernstein.

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 decreased to 1.09 in Q2 2016. Its down 0.18, from 1.27 in 2016Q1. The ratio fall, 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.
Korea Inv Corporation has 70,100 shares for 0.03% of their US portfolio. The Georgia-based Signaturefd Ltd Liability Corporation has invested 0% in J B Hunt Transport Services Inc (NASDAQ:JBHT). Mizuho Tru & last reported 0.04% of its portfolio in the stock. Trillium Asset Management Lc has 0.91% invested in the company for 170,672 shares. Clinton Gp holds 0.12% of its portfolio in J B Hunt Transport Services Inc (NASDAQ:JBHT) for 34,474 shares. Panagora Asset Management reported 11,960 shares or 0% of all its holdings. Adage Capital Partners Gru Ltd Liability Company owns 135,200 shares or 0.03% of their US portfolio. Livforsakringsbolaget Skandia Omsesidigt holds 9,983 shares or 0.04% of its portfolio. Moreover, Da Davidson & Com has 0% invested in J B Hunt Transport Services Inc (NASDAQ:JBHT) for 511 shares. Frontier Cap Limited Company holds 1.04M shares or 0.69% of its portfolio. Springbok Capital Mgmt Llc owns 244 shares or 0% of their US portfolio. Commonwealth Equity Inc, a Massachusetts-based fund reported 4,421 shares. Public Employees Retirement Association Of Colorado holds 0.11% or 171,169 shares in its portfolio. Ontario Teachers Pension Plan Board accumulated 0.07% or 76,707 shares. Sii Invs Wi has invested 0.06% of its portfolio in J B Hunt Transport Services Inc (NASDAQ:JBHT).

Insider Transactions: Since June 6, 2016, the stock had 0 buys, and 13 insider sales for $27.50 million net activity. THOMPSON JAMES K also sold $429,424 worth of J B Hunt Transport Services Inc (NASDAQ:JBHT) shares. $4.95M worth of shares were sold by ROBERTS JOHN N on Monday, June 6. On Monday, November 7 Hobbs Nicholas sold $50,073 worth of the stock or 618 shares. JOHNELLE HUNT LLC had sold 51,310 shares worth $4.71 million on Monday, November 14. 6,408 shares with value of $525,007 were sold by MEE DAVID G on Monday, August 8. Shares for $825,000 were sold by MATTHEWS TERRENCE D on Monday, June 6. GARRISON EARL WAYNE had sold 50,000 shares worth $4.24M.

More notable recent J B Hunt Transport Services Inc (NASDAQ:JBHT) news were published by: Nasdaq.com which released: “J.B. Hunt Transport Services Reaches Analyst Target Price” on November 15, 2016, also Businesswire.com with their article: “EPA Recognizes J.B. Hunt Transport Services, Inc. with 2016 Environmental …” published on November 11, 2016, Wsj.com published: “Trucker JB Hunt Will Add to Fleet in 2017” on November 08, 2016. More interesting news about J B Hunt Transport Services Inc (NASDAQ:JBHT) were released by: Businesswire.com and their article: “J.B. Hunt Transport Services, Inc. Named to the Fortune 500 List Again in 2016” published on June 06, 2016 as well as 247Wallst.com‘s news article titled: “JB Hunt Posts Disappointing Earnings” with publication date: October 17, 2016.

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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