J.B. Hunt Transport Services (NASDAQ:JBHT) PT Lowered to $204.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target dropped by equities researchers at JPMorgan Chase & Co. from $209.00 to $204.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 24.24% from the stock’s current price.

Several other brokerages also recently issued reports on JBHT. BMO Capital Markets reduced their price objective on shares of J.B. Hunt Transport Services from $218.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday. Robert W. Baird reduced their price objective on shares of 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. Raymond James upped their price objective on shares of 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. StockNews.com lowered shares of J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a research report on Friday, March 8th. Finally, Bank of America dropped their price target on shares of J.B. Hunt Transport Services from $215.00 to $199.00 and set a “buy” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned 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 price target of $194.56.

J.B. Hunt Transport Services Stock Down 2.3 %

Shares of NASDAQ JBHT opened at $164.20 on Wednesday. J.B. Hunt Transport Services has a 12-month low of $160.07 and a 12-month high of $219.51. The company has a market capitalization of $16.96 billion, a PE ratio of 26.06, a price-to-earnings-growth ratio of 1.61 and a beta of 1.11. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.15. The firm’s 50-day moving average is $198.90 and its two-hundred day moving average is $192.97.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Thursday, January 18th. The transportation company reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.29 billion. During the same period last year, the company earned $1.92 EPS. The firm’s revenue for the quarter was down 9.6% on a year-over-year basis. Equities analysts anticipate that J.B. Hunt Transport Services will post 7.57 EPS 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 dated Friday, February 23rd. The shares were sold at an average price of $212.71, for a total value of $1,382,615.00. Following the sale, the insider now owns 42,411 shares of the company’s stock, valued at approximately $9,021,243.81. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other J.B. Hunt Transport Services news, insider Alfred C. Harper sold 6,500 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 42,411 shares of the company’s stock, valued at approximately $9,021,243.81. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Patrick J. Ottensmeyer bought 5,000 shares of the stock in a transaction on Monday, March 4th. The shares were bought at an average cost of $202.99 per share, for a total transaction of $1,014,950.00. Following 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. Insiders have sold a total of 20,432 shares of company stock valued at $4,309,687 in the last quarter. Company insiders own 2.10% of the company’s stock.

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

Several hedge funds have recently made changes to their positions in JBHT. Clear Street Markets LLC grew 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 purchasing an additional 78 shares during the last quarter. VisionPoint Advisory Group LLC grew 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 purchasing an additional 87 shares during the last quarter. Salem Investment Counselors Inc. boosted its holdings in shares of J.B. Hunt Transport Services by 69.1% in the second 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 acquired a new position in shares of J.B. Hunt Transport Services in the third quarter worth about $34,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of J.B. Hunt Transport Services in the third quarter worth about $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.