J.B. Hunt Transport Services (NASDAQ:JBHT) PT Lowered to $199.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price lowered by equities researchers at Evercore ISI from $218.00 to $199.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the transportation company’s stock. Evercore ISI’s price target suggests a potential upside of 21.19% from the company’s previous close.

A number of other research analysts also recently issued reports on the company. TD Cowen dropped their price objective on J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating on the stock in a research note on Wednesday. Raymond James boosted their price objective on J.B. Hunt Transport Services from $200.00 to $209.00 and gave the company an “outperform” rating in a research note on Tuesday, January 16th. Susquehanna decreased their target price on J.B. Hunt Transport Services from $200.00 to $195.00 and set a “neutral” rating for the company in a research report on Monday, March 25th. JPMorgan Chase & Co. decreased their target price on J.B. Hunt Transport Services from $220.00 to $212.00 and set an “overweight” rating for the company in a research report on Thursday, December 21st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $188.00 target price on shares of J.B. Hunt Transport Services in a research report on Friday, January 19th. 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $194.56.

J.B. Hunt Transport Services Trading Down 2.3 %

NASDAQ JBHT opened at $164.20 on Wednesday. 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 twelve month low of $160.07 and a twelve month high of $219.51. The company has a market cap of $16.96 billion, a price-to-earnings ratio of 26.06, a price-to-earnings-growth ratio of 1.61 and a beta of 1.11. The business’s fifty day moving average is $198.90 and its 200 day moving average is $192.97.

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

Insiders Place Their Bets

In other news, SVP Kevin Bracy sold 754 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $211.79, for a total value of $159,689.66. Following the completion of the transaction, the senior vice president now directly owns 8,235 shares of the company’s stock, valued at $1,744,090.65. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, SVP Kevin Bracy sold 754 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $211.79, for a total value of $159,689.66. Following the transaction, the senior vice president now owns 8,235 shares in the company, valued at $1,744,090.65. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO John Kuhlow sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $213.00, for a total value of $745,500.00. Following the completion of the transaction, the chief financial officer now owns 10,537 shares in the company, valued at approximately $2,244,381. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,432 shares of company stock valued at $4,309,687. Corporate insiders own 2.10% of the company’s stock.

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

Institutional investors have recently made changes to their positions in the stock. Clear Street Markets LLC lifted its position in shares of J.B. Hunt Transport Services by 94.0% during the first quarter. Clear Street Markets LLC now owns 161 shares of the transportation company’s stock worth $28,000 after acquiring an additional 78 shares in the last quarter. VisionPoint Advisory Group LLC increased its stake in J.B. Hunt Transport Services by 104.8% in the third quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 87 shares during the last quarter. Salem Investment Counselors Inc. grew its stake in shares of J.B. Hunt Transport Services by 69.1% during the second quarter. Salem Investment Counselors Inc. now owns 208 shares of the transportation company’s stock valued at $33,000 after buying an additional 85 shares during the last quarter. Operose Advisors LLC bought a new position in shares of J.B. Hunt Transport Services during the third quarter valued at about $34,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of J.B. Hunt Transport Services during the third quarter valued at about $36,000. Hedge funds and other institutional investors 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.