J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Cut to $185.00 by Analysts at Susquehanna

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target reduced by Susquehanna from $195.00 to $185.00 in a report issued on Wednesday, Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

A number of other equities research analysts have also recently issued reports on the stock. Barclays lowered their target price on shares of J.B. Hunt Transport Services from $200.00 to $170.00 and set an equal weight rating on the stock in a report on Wednesday. StockNews.com cut shares of J.B. Hunt Transport Services from a hold rating to a sell rating in a report on Friday, March 8th. Stephens lowered their target price on shares of J.B. Hunt Transport Services from $210.00 to $192.00 and set an overweight rating on the stock in a report on Wednesday. Stifel Nicolaus reduced their price target on shares of J.B. Hunt Transport Services from $188.00 to $173.00 and set a hold rating for the company in a research report on Wednesday. Finally, Evercore ISI reduced their price target on shares of J.B. Hunt Transport Services from $218.00 to $199.00 and set an outperform rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $197.39.

J.B. Hunt Transport Services Trading Down 8.1 %

Shares of JBHT stock opened at $168.13 on Wednesday. The company’s fifty day simple moving average is $199.89 and its two-hundred day simple moving average is $193.17. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.15. J.B. Hunt Transport Services has a 1 year low of $160.07 and a 1 year high of $219.51. The stock has a market capitalization of $17.37 billion, a price-to-earnings ratio of 24.12, a PEG ratio of 1.62 and a beta of 1.11.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Tuesday, April 16th. The transportation company reported $1.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.31). J.B. Hunt Transport Services had a net margin of 5.68% and a return on equity of 18.40%. The business had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $3.12 billion. As a group, analysts anticipate that J.B. Hunt Transport Services will post 7.61 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Patrick J. Ottensmeyer bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was bought at an average cost of $202.99 per share, for a total transaction of $1,014,950.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at $1,014,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Patrick J. Ottensmeyer bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was bought at an average cost of $202.99 per share, for a total transaction of $1,014,950.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at $1,014,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David Keefauver sold 978 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $205.06, for a total transaction of $200,548.68. Following the sale, the executive vice president now owns 1,119 shares of the company’s stock, valued at $229,462.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,432 shares of company stock worth $4,309,687. Corporate insiders own 2.10% of the company’s stock.

Institutional Trading of J.B. Hunt Transport Services

Several institutional investors have recently added to or reduced their stakes in JBHT. Morgan Stanley boosted its position 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 valued at $413,514,000 after buying an additional 1,728,989 shares during the period. JPMorgan Chase & Co. boosted 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 valued at $406,215,000 after buying an additional 1,397,651 shares during the period. Massachusetts Financial Services Co. MA boosted 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 valued at $196,485,000 after buying an additional 971,124 shares during the period. Norges Bank purchased a new stake in J.B. Hunt Transport Services during the fourth quarter valued at about $185,299,000. Finally, BlackRock Inc. boosted 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 valued at $1,178,160,000 after buying an additional 429,256 shares during the period. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

About J.B. Hunt Transport Services

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.