J.B. Hunt Transport Services (NASDAQ:JBHT) Reaches New 52-Week Low Following Analyst Downgrade

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) shares reached a new 52-week low during trading on Wednesday after Loop Capital lowered their price target on the stock from $200.00 to $177.00. Loop Capital currently has a hold rating on the stock. J.B. Hunt Transport Services traded as low as $160.07 and last traded at $169.52, with a volume of 903467 shares. The stock had previously closed at $182.99.

JBHT has been the topic of several other research reports. JPMorgan Chase & Co. dropped their target price on J.B. Hunt Transport Services from $209.00 to $204.00 and set an “overweight” rating on the stock in a research report on Wednesday. Evercore ISI dropped their target price on J.B. Hunt Transport Services from $218.00 to $199.00 and set an “outperform” rating on the stock in a research report on Wednesday. Raymond James increased their target price on J.B. Hunt Transport Services from $200.00 to $209.00 and gave the company an “outperform” rating in a research report on Tuesday, January 16th. BMO Capital Markets dropped their target price on J.B. Hunt Transport Services from $218.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, TD Cowen dropped their target price on J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $194.56.

Insider Transactions at J.B. Hunt Transport Services

In other news, insider Alfred C. Harper sold 6,500 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $212.71, for a total value of $1,382,615.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other J.B. Hunt Transport Services news, insider Alfred C. Harper sold 6,500 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $212.71, for a total transaction of $1,382,615.00. Following the sale, the insider now owns 42,411 shares in the company, valued at approximately $9,021,243.81. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Patrick J. Ottensmeyer purchased 5,000 shares of the company’s stock in a transaction on Monday, March 4th. The shares were purchased at an average price 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 sold 20,432 shares of company stock valued at $4,309,687 in the last quarter. 2.10% of the stock is currently owned by corporate insiders.

Institutional Trading of J.B. Hunt Transport Services

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in J.B. Hunt Transport Services by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 9,744,668 shares of the transportation company’s stock valued at $1,946,400,000 after purchasing an additional 80,123 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of J.B. Hunt Transport Services by 6.8% in the 1st quarter. BlackRock Inc. now owns 6,714,693 shares of the transportation company’s stock valued at $1,178,160,000 after buying an additional 429,256 shares during the period. Morgan Stanley lifted its holdings in shares of J.B. Hunt Transport Services by 269.1% in the 4th quarter. Morgan Stanley now owns 2,371,613 shares of the transportation company’s stock valued at $413,514,000 after buying an additional 1,728,989 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of J.B. Hunt Transport Services by 3.0% in the 4th quarter. Victory Capital Management Inc. now owns 2,168,748 shares of the transportation company’s stock valued at $433,186,000 after buying an additional 62,313 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of J.B. Hunt Transport Services by 184.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,154,757 shares of the transportation company’s stock valued at $406,215,000 after buying an additional 1,397,651 shares during the period. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Trading Down 2.3 %

The firm has a market cap of $16.96 billion, a price-to-earnings ratio of 26.06, a PEG ratio of 1.61 and a beta of 1.11. The company has a fifty day moving average price of $198.90 and a 200-day moving average price of $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.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data 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). The company had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.29 billion. J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.40%. The business’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same period last year, the firm earned $1.92 EPS. As a group, research analysts expect that J.B. Hunt Transport Services, Inc. will post 7.57 EPS for the current year.

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.