Market Runner: Is Buying J B Hunt Transport Services Inc Here a Winning Strategy?

Market Runner: Is Buying J B Hunt Transport Services Inc Here a Winning Strategy?

The stock of J B Hunt Transport Services Inc (NASDAQ:JBHT) reached all time high today, Nov, 30 and still has $102.99 target or 8.00% above today’s $95.36 share price. This indicates more upside for the $10.74 billion company. This technical setup was reported by Barchart.com. If the $102.99 PT is reached, the company will be worth $859.20M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 406,183 shares traded hands. J B Hunt Transport Services Inc (NASDAQ:JBHT) has risen 8.40% since April 27, 2016 and is uptrending. It has outperformed by 3.18% the S&P500.

Analysts await J B Hunt Transport Services Inc (NASDAQ:JBHT) to report earnings on January, 19. They expect $1.00 earnings per share, down 0.99% or $0.01 from last year’s $1.01 per share. JBHT’s profit will be $112.63M for 23.84 P/E if the $1.00 EPS becomes a reality. After $0.97 actual earnings per share reported by J B Hunt Transport Services Inc for the previous quarter, Wall Street now forecasts 3.09% EPS growth.

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 company was maintained on Friday, January 22 by RBC Capital Markets. The firm has “Outperform” rating by Credit Suisse given on Tuesday, April 19. The stock of J B Hunt Transport Services Inc (NASDAQ:JBHT) earned “Buy” rating by Loop Capital on Wednesday, November 16. The stock has “Neutral” rating given by UBS on Friday, October 9. The firm has “Neutral” rating given on Friday, April 15 by Buckingham Research. The firm has “Buy” rating given on Tuesday, July 26 by Buckingham Research. The stock of J B Hunt Transport Services Inc (NASDAQ:JBHT) earned “Buy” rating by Vetr on Friday, August 21. The rating was downgraded by Wolfe Research on Thursday, August 6 to “Peer Perform”. The stock of J B Hunt Transport Services Inc (NASDAQ:JBHT) has “Market Perform” rating given on Tuesday, March 29 by BMO Capital Markets. The company was maintained 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 2016 Q2. Its down 0.18, from 1.27 in 2016Q1. The ratio worsened, 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.
Deutsche Comml Bank Ag owns 456,434 shares or 0.03% of their US portfolio. Delta Lloyd Nv owns 9,060 shares or 0.02% of their US portfolio. Aberdeen Asset Mgmt Public Ltd Liability Uk last reported 0% of its portfolio in the stock. Frontier Ltd Liability Corp reported 1.04M shares or 0.69% of all its holdings. Creative Planning accumulated 2,340 shares or 0% of the stock. Mizuho Trust Banking Company accumulated 0.04% or 146,194 shares. State Teachers Retirement Systems holds 0.03% or 156,808 shares in its portfolio. Checchi Cap Advisers Limited Com holds 0.01% of its portfolio in J B Hunt Transport Services Inc (NASDAQ:JBHT) for 976 shares. Fmr Limited Liability Company holds 0.08% of its portfolio in J B Hunt Transport Services Inc (NASDAQ:JBHT) for 7.56 million shares. Tokio Marine Asset Mgmt Ltd, a Japan-based fund reported 3,799 shares. The Maryland-based Brown Advisory Inc has invested 0.07% in J B Hunt Transport Services Inc (NASDAQ:JBHT). Atlanta Mgmt Company L L C reported 2.99 million shares or 1.61% of all its holdings. Moreover, Sib Limited Company has 9.53% invested in J B Hunt Transport Services Inc (NASDAQ:JBHT) for 137,748 shares. Cibc Asset Management Inc has 9,882 shares for 0.01% of their US portfolio. High Point Financial Bank And last reported 235 shares in the company.

Insider Transactions: Since June 6, 2016, the stock had 0 buys, and 13 insider sales for $27.50 million net activity. $825,000 worth of shares were sold by MATTHEWS TERRENCE D on Monday, June 6. GARRISON EARL WAYNE had sold 50,000 shares worth $4.24M on Tuesday, November 8. $4.95M worth of J B Hunt Transport Services Inc (NASDAQ:JBHT) was sold by ROBERTS JOHN N. 5,400 J B Hunt Transport Services Inc (NASDAQ:JBHT) shares with value of $429,424 were sold by THOMPSON JAMES K. Another trade for 6,408 shares valued at $525,007 was sold by MEE DAVID G. $3.87M worth of J B Hunt Transport Services Inc (NASDAQ:JBHT) was sold by George Gary Charles. 618 shares were sold by Hobbs Nicholas, worth $50,073 on Monday, November 7.

More important 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 published article titled: “EPA Recognizes J.B. Hunt Transport Services, Inc. with 2016 Environmental …”, 247Wallst.com published: “JB Hunt Posts Disappointing Earnings” on October 17, 2016. More interesting news about J B Hunt Transport Services Inc (NASDAQ:JBHT) was released by: Wsj.com and their article: “Trucker JB Hunt Will Add to Fleet in 2017” with publication date: November 08, 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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