Robert W. Baird Trims J.B. Hunt Transport Services (NASDAQ:JBHT) Target Price to $205.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective trimmed by Robert W. Baird from $215.00 to $205.00 in a research note released on Wednesday, Benzinga reports. The firm currently has an outperform rating on the transportation company’s stock.

Several other brokerages have also recently weighed in on JBHT. Susquehanna dropped 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. Evercore ISI dropped their price objective on J.B. Hunt Transport Services from $218.00 to $199.00 and set an outperform rating for the company in a report on Wednesday. Stephens dropped their price objective on J.B. Hunt Transport Services from $210.00 to $192.00 and set an overweight rating for the company in a report on Wednesday. UBS Group dropped their price objective on J.B. Hunt Transport Services from $234.00 to $211.00 and set a buy rating for the company in a report on Wednesday. Finally, Stifel Nicolaus dropped their price objective on J.B. Hunt Transport Services from $188.00 to $173.00 and set a hold rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $197.39.

J.B. Hunt Transport Services Stock Down 8.1 %

Shares of NASDAQ JBHT opened at $168.13 on Wednesday. The firm’s 50-day simple moving average is $199.89 and its 200 day simple moving average is $193.17. The company has a market cap of $17.37 billion, a price-to-earnings ratio of 24.12, a price-to-earnings-growth ratio of 1.62 and a beta of 1.11. The company has a quick ratio of 1.15, a current ratio of 1.17 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.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly 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). The company had revenue of $2.94 billion for the quarter, compared to analyst estimates of $3.12 billion. J.B. Hunt Transport Services had a return on equity of 18.40% and a net margin of 5.68%. On average, research analysts expect that J.B. Hunt Transport Services will post 7.61 earnings per share for the current fiscal year.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, Director Patrick J. Ottensmeyer bought 5,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average cost of $202.99 per share, with a total value of $1,014,950.00. Following the purchase, the director now owns 5,000 shares in the company, valued at $1,014,950. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other J.B. Hunt Transport Services news, EVP Brian Webb sold 900 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $208.54, for a total transaction of $187,686.00. Following the completion of the transaction, the executive vice president now owns 15,032 shares of the company’s stock, valued at approximately $3,134,773.28. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Patrick J. Ottensmeyer purchased 5,000 shares of J.B. Hunt Transport Services stock in a transaction on Monday, March 4th. The shares were purchased at an average cost of $202.99 per share, with a total value of $1,014,950.00. Following the transaction, the director now owns 5,000 shares in the company, valued at $1,014,950. The disclosure for this purchase can be found here. In the last three months, insiders sold 20,432 shares of company stock valued at $4,309,687. 2.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On J.B. Hunt Transport Services

Several large investors have recently made changes to their positions in JBHT. Clear Street Markets LLC boosted its holdings in shares of J.B. Hunt Transport Services by 94.0% in the 1st quarter. Clear Street Markets LLC now owns 161 shares of the transportation company’s stock valued at $28,000 after buying an additional 78 shares during the last quarter. VisionPoint Advisory Group LLC increased its position in J.B. Hunt Transport Services by 104.8% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock worth $32,000 after buying an additional 87 shares during the period. Salem Investment Counselors Inc. increased its position in J.B. Hunt Transport Services by 69.1% during the 2nd quarter. Salem Investment Counselors Inc. now owns 208 shares of the transportation company’s stock worth $33,000 after buying an additional 85 shares during the period. Operose Advisors LLC bought a new position in J.B. Hunt Transport Services during the 3rd quarter worth $34,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in J.B. Hunt Transport Services during the 3rd quarter worth $36,000. Institutional investors and hedge funds 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.