J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Cut to $199.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective decreased by Bank of America from $215.00 to $199.00 in a report issued on Wednesday morning, Benzinga reports. Bank of America currently has a buy rating on the transportation company’s stock.

Several other research analysts also recently commented on JBHT. Barclays decreased 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 research note on Wednesday. Evercore ISI lowered their price objective 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 note on Wednesday. Robert W. Baird cut their target price on J.B. Hunt Transport Services from $215.00 to $205.00 and set an outperform rating on the stock in a research note on Wednesday. Susquehanna lowered their price target on J.B. Hunt Transport Services from $195.00 to $185.00 and set a neutral rating for the company in a research report on Wednesday. Finally, JPMorgan Chase & Co. cut their price objective on J.B. Hunt Transport Services from $220.00 to $212.00 and set an overweight rating on the stock in a research report on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $197.39.

J.B. Hunt Transport Services Price Performance

Shares of J.B. Hunt Transport Services stock opened at $168.13 on Wednesday. The firm has a market capitalization of $17.37 billion, a PE ratio of 24.12, a price-to-earnings-growth ratio of 1.62 and a beta of 1.11. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. J.B. Hunt Transport Services has a 12 month low of $160.07 and a 12 month high of $219.51. The business’s 50-day moving average price is $199.89 and its 200-day moving average price is $193.17.

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 the consensus estimate of $1.53 by ($0.31). J.B. Hunt Transport Services had a return on equity of 18.40% and a net margin of 5.68%. The firm had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $3.12 billion. Sell-side analysts forecast that J.B. Hunt Transport Services will post 7.61 EPS for the current fiscal year.

Insider Buying and Selling at J.B. Hunt Transport Services

In other news, CFO John Kuhlow sold 3,500 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $213.00, for a total value of $745,500.00. Following the sale, the chief financial officer now directly owns 10,537 shares of the company’s stock, valued at $2,244,381. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO John Kuhlow sold 3,500 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $213.00, for a total value of $745,500.00. Following the transaction, the chief financial officer now owns 10,537 shares in the company, valued at approximately $2,244,381. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Patrick J. Ottensmeyer acquired 5,000 shares of J.B. Hunt Transport Services stock in a transaction on Monday, March 4th. The shares were purchased at an average price 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. Over the last 90 days, insiders sold 20,432 shares of company stock worth $4,309,687. 2.10% of the stock is owned by insiders.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Aviva PLC raised its stake in shares of J.B. Hunt Transport Services by 45.3% in the third quarter. Aviva PLC now owns 52,155 shares of the transportation company’s stock worth $9,832,000 after purchasing an additional 16,249 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of J.B. Hunt Transport Services by 3.8% during the third quarter. EverSource Wealth Advisors LLC now owns 36,442 shares of the transportation company’s stock valued at $6,870,000 after purchasing an additional 1,331 shares during the last quarter. International Assets Investment Management LLC bought a new stake in J.B. Hunt Transport Services in the 4th quarter worth approximately $11,513,000. Natixis Advisors L.P. lifted its holdings in shares of J.B. Hunt Transport Services by 38.4% during the 3rd quarter. Natixis Advisors L.P. now owns 41,835 shares of the transportation company’s stock valued at $7,887,000 after buying an additional 11,613 shares during the period. Finally, California Public Employees Retirement System boosted its stake in shares of J.B. Hunt Transport Services by 0.9% in the 3rd quarter. California Public Employees Retirement System now owns 153,367 shares of the transportation company’s stock worth $28,913,000 after buying an additional 1,393 shares during the last quarter. 74.95% of the stock is owned by institutional investors.

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.