Time to Buy J B Hunt Transport Services Inc After Today’s Option Traders Bet?

 Time to Buy J B Hunt Transport Services Inc After Today's Option Traders Bet?

In today’s session J B Hunt Transport Services Inc (JBHT) registered an unusually high (778) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious JBHT increase. With 778 contracts traded and 7104 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: JBHT161118C00085000 closed last at: $1.3 or 188.9% up. About 204,890 shares traded hands. J B Hunt Transport Services Inc (NASDAQ:JBHT) has risen 3.80% since April 8, 2016 and is uptrending. It has underperformed by 1.85% 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. $96 is the highest target while $77 is the lowest. The $85.70 average target is -3.22% below today’s ($88.55) stock price. JB Hunt Trans has been the topic of 26 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm earned “Market Perform” rating on Tuesday, March 29 by BMO Capital Markets. The stock of J B Hunt Transport Services Inc (NASDAQ:JBHT) earned “Outperform” rating by Bernstein on Tuesday, April 19. Vetr upgraded J B Hunt Transport Services Inc (NASDAQ:JBHT) on Friday, August 21 to “Buy” rating. Cowen & Co maintained it with “Outperform” rating and $87 target price in Thursday, October 15 report. The company was upgraded on Tuesday, January 12 by Wolfe Research. The stock has “Hold” rating given by Deutsche Bank on Monday, October 12. Bank of America maintained J B Hunt Transport Services Inc (NASDAQ:JBHT) on Monday, February 22 with “Buy” rating. The firm earned “Buy” rating on Tuesday, July 26 by Buckingham Research. Credit Suisse maintained J B Hunt Transport Services Inc (NASDAQ:JBHT) on Tuesday, April 19 with “Outperform” rating. The firm has “Buy” rating given on Friday, September 11 by Bank of America.

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 Q2 2016. Its up 0.09, from 1.18 in 2016Q1. The ratio increased, 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.
Tokio Marine Asset Mgmt accumulated 3,799 shares or 0.03% of the stock. Clinton Gru, a New York-based fund reported 34,474 shares. Janney Montgomery Scott Ltd Com accumulated 80,208 shares or 0.1% of the stock. The California-based Franklin Res Incorporated has invested 0.01% in J B Hunt Transport Services Inc (NASDAQ:JBHT). Dekabank Deutsche Girozentrale holds 0% or 3,052 shares in its portfolio. The Missouri-based Parkside Finance Retail Bank Trust has invested 0.04% in J B Hunt Transport Services Inc (NASDAQ:JBHT). Federated Invsts Pa accumulated 0% or 1,724 shares. British Columbia Invest has invested 0.05% of its portfolio in J B Hunt Transport Services Inc (NASDAQ:JBHT). Nicholas Invest L P has invested 0.19% of its portfolio in J B Hunt Transport Services Inc (NASDAQ:JBHT). Mizuho Trust Bk Company Limited has 0.04% invested in the company for 146,194 shares. Regions last reported 0.7% of its portfolio in the stock. Mufg Americas, a New York-based fund reported 37,955 shares. Winslow Evans Crocker last reported 220 shares in the company. Korea Invest Corporation reported 70,100 shares or 0.03% of all its holdings. Riverpoint Ltd Llc last reported 28,130 shares in the company.

Insider Transactions: Since June 6, 2016, the stock had 0 buys, and 9 sales for $14.63 million net activity. ROBERTS JOHN N sold $4.95M worth of stock. MATTHEWS TERRENCE D sold $825,000 worth of J B Hunt Transport Services Inc (NASDAQ:JBHT) on Monday, June 6. THOMPSON JAMES K sold $1.62M worth of J B Hunt Transport Services Inc (NASDAQ:JBHT) on Wednesday, July 20. MEE DAVID G sold $525,007 worth of J B Hunt Transport Services Inc (NASDAQ:JBHT) on Monday, August 8. $4.20 million worth of J B Hunt Transport Services Inc (NASDAQ:JBHT) shares were sold by GARRISON EARL WAYNE. $494,460 worth of shares were sold by HARPER ALFRED C on Monday, August 1. The insider Hobbs Nicholas sold 1,201 shares worth $100,043.

J.B. Hunt Transport Services, Inc. is a holding company. The company has a market cap of $10.10 billion. The Firm is a surface transportation, delivery, and logistics firm in North America. It has a 23.42 P/E ratio. The Company, through its subsidiaries, provides transportation and delivery services to various clients and clients throughout the continental United States, Canada and Mexico.

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.

More news for J B Hunt Transport Services Inc (NASDAQ:JBHT) were recently published by: Businesswire.com, which released: “J.B. Hunt Transport Services, Inc. Releases 2017 Performance Expectations” on November 08, 2016. 247Wallst.com‘s article titled: “JB Hunt Posts Disappointing Earnings” and published on October 17, 2016 is yet another important article.

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