J.B. Hunt Transport Services, Inc. (JBHT) on Focus After Trading At 52-Week Highs

May 27, 2018 - By Richard Conner

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Logo

Investors sentiment decreased to 1.19 in Q4 2017. Its down 0.13, from 1.32 in 2017Q3. It dived, as 41 investors sold J.B. Hunt Transport Services, Inc. shares while 120 reduced holdings. 57 funds opened positions while 134 raised stakes. 76.63 million shares or 0.74% more from 76.06 million shares in 2017Q3 were reported.
City Hldgs stated it has 0% in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT). 105,778 were reported by Tiverton Asset Lc. 1.23 million are owned by Neuberger Berman Lc. Mitsubishi Ufj Banking reported 180,133 shares. Earnest Prns Limited Liability Corp holds 0% in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) or 68 shares. Jpmorgan Chase & stated it has 102,809 shares. Suntrust Banks has 0.02% invested in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT). Ontario Teachers Pension Plan Board invested in 0.09% or 60,814 shares. Rafferty Asset Mngmt Ltd Llc holds 0.03% of its portfolio in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) for 15,380 shares. Ameriprise Financial holds 0.02% or 412,999 shares in its portfolio. Bnp Paribas Asset Mngmt Hldgs invested in 0.02% or 24,540 shares. Barclays Public Ltd Com holds 0.01% in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) or 132,009 shares. Adage Capital Partners Group Limited Liability invested in 120,900 shares or 0.03% of the stock. Ruggie stated it has 0% in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT). Parkside Retail Bank And Tru reported 11 shares.

Since January 24, 2018, it had 0 buys, and 6 sales for $27.86 million activity. HUNT JOHNNIE B JR sold $281,688 worth of stock or 2,328 shares. GARRISON EARL WAYNE sold $12.62M worth of stock. Hicks Bradley W. sold $156,901 worth of stock.

The stock of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) hit a new 52-week high and has $136.09 target or 6.00 % above today’s $128.39 share price. The 7 months bullish chart indicates low risk for the $14.09B company. The 1-year high was reported on May, 27 by Barchart.com. If the $136.09 price target is reached, the company will be worth $845.52 million 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.

The stock increased 1.00% or $1.27 during the last trading session, reaching $128.39. About 797,688 shares traded. J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) has risen 26.96% since May 27, 2017 and is uptrending. It has outperformed by 15.41% the S&P500.

Analysts await J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) to report earnings on July, 16. They expect $1.27 earnings per share, up 44.32 % or $0.39 from last year’s $0.88 per share. JBHT’s profit will be $139.39 million for 25.27 P/E if the $1.27 EPS becomes a reality. After $1.07 actual earnings per share reported by J.B. Hunt Transport Services, Inc. for the previous quarter, Wall Street now forecasts 18.69 % EPS growth.

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

Among 16 analysts covering JB Hunt (NASDAQ:JBHT), 6 have Buy rating, 1 Sell and 9 Hold. Therefore 38% are positive. JB Hunt had 33 analyst reports since November 30, 2017 according to SRatingsIntel. The stock of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) earned “Buy” rating by Stephens on Thursday, December 28. The stock has “Hold” rating by BMO Capital Markets on Monday, April 16. The company was maintained on Monday, April 16 by Susquehanna. The stock of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) earned “Buy” rating by Credit Suisse on Friday, April 13. On Thursday, January 18 the stock rating was maintained by Robert W. Baird with “Hold”. The firm earned “Buy” rating on Monday, January 8 by Credit Suisse. The stock has “Hold” rating by Stifel Nicolaus on Friday, April 6. The firm has “Buy” rating given on Thursday, January 11 by KeyBanc Capital Markets. The stock has “Buy” rating by Susquehanna on Monday, January 29. Stephens maintained it with “Buy” rating and $140.0 target in Friday, January 19 report.

More important recent J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) news were published by: Businesswire.com which released: “JB Hunt Transport Services, Inc. Named One of America’s Best Employers by Forbes” on May 03, 2018, also Businesswire.com published article titled: “JB Hunt Transport Services, Inc. to Participate in the Bank of America Merrill Lynch Transportation and the Wolfe …”, Seekingalpha.com published: “UPS looks to partner with trucker on in-home delivery” on May 02, 2018. More interesting news about J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) was released by: Seekingalpha.com and their article: “Spotlight On Gambling Reset And Banking Bill” with publication date: May 19, 2018.

J.B. Hunt Transport Services, Inc., together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. The company has market cap of $14.09 billion. It operates through four divisions: Intermodal , Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truck (JBT). It has a 20.78 P/E ratio. The JBI segment offers intermodal freight solutions, such as origin and destination pickup, and delivery services.

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Institutional Positions Chart

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