J.B. Hunt Transport Services (NASDAQ:JBHT) PT Lowered to $181.00 at TD Cowen

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective reduced by research analysts at TD Cowen from $193.00 to $181.00 in a research report issued on Wednesday, MarketBeat Ratings reports. The brokerage presently has a “hold” rating on the transportation company’s stock. TD Cowen’s price target would suggest a potential upside of 10.23% from the company’s previous close.

A number of other equities research analysts also recently commented on the stock. StockNews.com downgraded shares of J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a research report on Friday, March 8th. Robert W. Baird reissued an “outperform” rating and issued a $215.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday, January 19th. Barclays downgraded shares of J.B. Hunt Transport Services from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $215.00 to $200.00 in a research report on Monday, April 1st. UBS Group raised shares of J.B. Hunt Transport Services from a “neutral” rating to a “buy” rating and increased their target price for the company from $205.00 to $234.00 in a research report on Monday, January 22nd. Finally, JPMorgan Chase & Co. dropped their target price on shares of 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 analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $194.56.

J.B. Hunt Transport Services Trading Down 2.3 %

Shares of NASDAQ:JBHT opened at $164.20 on Wednesday. J.B. Hunt Transport Services has a 52 week low of $160.07 and a 52 week high of $219.51. The company’s 50 day moving average is $198.90 and its two-hundred day moving average is $192.97. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. The company has a market cap of $16.96 billion, a PE ratio of 26.06, a P/E/G ratio of 1.61 and a beta of 1.11.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Thursday, January 18th. The transportation company reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.27). J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.40%. The firm had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.29 billion. During the same period in the prior year, the company posted $1.92 earnings per share. The company’s revenue for the quarter was down 9.6% on a year-over-year basis. Equities analysts predict that J.B. Hunt Transport Services will post 7.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Alfred C. Harper sold 6,500 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $212.71, for a total transaction 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Alfred C. Harper sold 6,500 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $212.71, for a total transaction 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Kevin Bracy sold 754 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $211.79, for a total transaction of $159,689.66. Following the sale, the senior vice president now owns 8,235 shares of the company’s stock, valued at approximately $1,744,090.65. The disclosure for this sale can be found here. Insiders sold a total of 20,432 shares of company stock worth $4,309,687 in the last 90 days. Company insiders own 2.10% of the company’s stock.

Institutional Trading of J.B. Hunt Transport Services

Hedge funds have recently made changes to their positions in the company. Clear Street Markets LLC lifted its stake 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 worth $28,000 after acquiring an additional 78 shares during the period. VisionPoint Advisory Group LLC lifted its stake in shares of J.B. Hunt Transport Services by 104.8% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock worth $32,000 after acquiring an additional 87 shares during the period. Salem Investment Counselors Inc. lifted its stake in shares of J.B. Hunt Transport Services by 69.1% in the 2nd quarter. Salem Investment Counselors Inc. now owns 208 shares of the transportation company’s stock worth $33,000 after acquiring an additional 85 shares during the period. Operose Advisors LLC acquired a new stake in shares of J.B. Hunt Transport Services in the 3rd quarter worth $34,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of J.B. Hunt Transport Services in the 3rd quarter worth $36,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

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.