J.B. Hunt Transport Services (NASDAQ:JBHT) PT Lowered to $205.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target lowered by equities researchers at Robert W. Baird from $215.00 to $205.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the transportation company’s stock. Robert W. Baird’s price objective would suggest a potential upside of 22.35% from the company’s current price.

Several other research firms have also weighed in on JBHT. TD Cowen reduced their price objective on J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. cut their price objective on J.B. Hunt Transport Services from $220.00 to $212.00 and set an “overweight” rating for the company in a report on Thursday, December 21st. StockNews.com lowered J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a report on Friday, March 8th. Susquehanna cut their price objective on J.B. Hunt Transport Services from $195.00 to $185.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Evercore ISI cut their target price on J.B. Hunt Transport Services from $218.00 to $199.00 and set an “outperform” rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $197.39.

J.B. Hunt Transport Services Price Performance

Shares of JBHT stock traded down $15.44 during mid-day trading on Wednesday, hitting $167.55. 2,880,993 shares of the stock traded hands, compared to its average volume of 797,931. J.B. Hunt Transport Services has a twelve month low of $160.07 and a twelve month high of $219.51. The firm has a market cap of $17.31 billion, a price-to-earnings ratio of 24.04, a price-to-earnings-growth ratio of 1.62 and a beta of 1.11. The company’s 50-day simple moving average is $200.81 and its 200-day simple moving average is $193.34. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.15 and a current ratio of 1.17.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Thursday, January 18th. The transportation company reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.27). The firm had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.29 billion. J.B. Hunt Transport Services had a net margin of 5.68% and a return on equity of 18.40%. The firm’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.92 earnings per share. As a group, equities research analysts expect that J.B. Hunt Transport Services will post 7.61 earnings per share for the current year.

Insider Activity at J.B. Hunt Transport Services

In related news, insider Alfred C. Harper sold 6,500 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $212.71, for a total value of $1,382,615.00. Following the completion of the sale, the insider now owns 42,411 shares in the company, valued at approximately $9,021,243.81. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, insider Alfred C. Harper sold 6,500 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $212.71, for a total value of $1,382,615.00. Following the completion of the transaction, the insider now directly owns 42,411 shares of the company’s stock, valued at approximately $9,021,243.81. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Patrick J. Ottensmeyer bought 5,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Monday, March 4th. The stock was bought at an average cost of $202.99 per share, with a total value of $1,014,950.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at approximately $1,014,950. The disclosure for this purchase can be found here. Insiders sold a total of 20,432 shares of company stock worth $4,309,687 in the last quarter. Corporate insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On J.B. Hunt Transport Services

Several hedge funds have recently modified their holdings of JBHT. Morgan Stanley grew its holdings in J.B. Hunt Transport Services by 269.1% during the fourth quarter. Morgan Stanley now owns 2,371,613 shares of the transportation company’s stock worth $413,514,000 after purchasing an additional 1,728,989 shares during the period. JPMorgan Chase & Co. lifted its position in J.B. Hunt Transport Services by 184.6% during the third quarter. JPMorgan Chase & Co. now owns 2,154,757 shares of the transportation company’s stock worth $406,215,000 after acquiring an additional 1,397,651 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in J.B. Hunt Transport Services by 7,720.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 983,703 shares of the transportation company’s stock worth $196,485,000 after acquiring an additional 971,124 shares during the last quarter. Norges Bank acquired a new stake in J.B. Hunt Transport Services during the fourth quarter worth approximately $185,299,000. Finally, BlackRock Inc. lifted its position in J.B. Hunt Transport Services by 6.8% during the first quarter. BlackRock Inc. now owns 6,714,693 shares of the transportation company’s stock worth $1,178,160,000 after acquiring an additional 429,256 shares during the last quarter. Institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.