Stephens Cuts J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $192.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective trimmed by Stephens from $210.00 to $192.00 in a report released on Wednesday, Benzinga reports. The firm currently has an overweight rating on the transportation company’s stock.

A number of other equities analysts have also commented on the company. Susquehanna cut their price target on J.B. Hunt Transport Services from $200.00 to $195.00 and set a neutral rating for the company in a report on Monday, March 25th. Stifel Nicolaus cut their price target 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. StockNews.com lowered J.B. Hunt Transport Services from a hold rating to a sell rating in a report on Friday, March 8th. Raymond James raised their price target on J.B. Hunt Transport Services from $200.00 to $209.00 and gave the stock an outperform rating in a report on Tuesday, January 16th. Finally, Barclays lowered J.B. Hunt Transport Services from an overweight rating to an equal weight rating and cut their price target for the stock from $215.00 to $200.00 in a report on Monday, April 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $197.39.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ JBHT opened at $168.13 on Wednesday. The stock has a fifty day simple moving average of $199.89 and a two-hundred day simple moving average of $193.17. J.B. Hunt Transport Services has a 1-year low of $160.07 and a 1-year high of $219.51. The firm 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 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 (NASDAQ:JBHT) last announced its quarterly earnings data on Tuesday, April 16th. The transportation company reported $1.22 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $3.12 billion. Analysts anticipate that J.B. Hunt Transport Services will post 7.61 earnings per share for the current year.

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

In other news, Director Patrick J. Ottensmeyer purchased 5,000 shares of the stock in a transaction on Monday, March 4th. The shares were acquired at an average price of $202.99 per share, for a total transaction of $1,014,950.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $1,014,950. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Patrick J. Ottensmeyer purchased 5,000 shares of the stock in a transaction on Monday, March 4th. The shares were acquired at an average price of $202.99 per share, for a total transaction of $1,014,950.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $1,014,950. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Kevin Bracy sold 754 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $211.79, for a total value of $159,689.66. Following the transaction, the senior vice president now directly owns 8,235 shares in the company, valued at $1,744,090.65. The disclosure for this sale can be found here. Insiders have sold 20,432 shares of company stock worth $4,309,687 over the last 90 days. Corporate insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Aviva PLC grew its stake in shares of J.B. Hunt Transport Services by 45.3% during the third quarter. Aviva PLC now owns 52,155 shares of the transportation company’s stock valued at $9,832,000 after buying an additional 16,249 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake 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 buying an additional 1,331 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of J.B. Hunt Transport Services during the fourth quarter valued at about $11,513,000. Natixis Advisors L.P. grew its stake in shares of J.B. Hunt Transport Services by 38.4% in the third quarter. Natixis Advisors L.P. now owns 41,835 shares of the transportation company’s stock worth $7,887,000 after purchasing an additional 11,613 shares during the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of J.B. Hunt Transport Services by 0.9% in the third quarter. California Public Employees Retirement System now owns 153,367 shares of the transportation company’s stock worth $28,913,000 after purchasing an additional 1,393 shares during the last quarter. 74.95% of the stock is owned by 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.