BMO Capital Markets Trims J.B. Hunt Transport Services (NASDAQ:JBHT) Target Price to $200.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective reduced by BMO Capital Markets from $218.00 to $200.00 in a research note issued on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the transportation company’s stock. BMO Capital Markets’ target price suggests a potential upside of 19.55% from the stock’s previous close.

A number of other research firms have also commented on JBHT. UBS Group lowered their target price on shares of J.B. Hunt Transport Services from $234.00 to $211.00 and set a “buy” rating for the company in a report on Wednesday. JPMorgan Chase & Co. lowered their target price on shares of J.B. Hunt Transport Services from $220.00 to $212.00 and set an “overweight” rating for the company in a report on Thursday, December 21st. TD Cowen lowered their target price on shares of J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating for the company in a report on Wednesday. StockNews.com lowered shares of J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a report on Friday, March 8th. Finally, Evercore ISI decreased their price target on shares of J.B. Hunt Transport Services from $218.00 to $199.00 and set an “outperform” rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $194.56.

J.B. Hunt Transport Services Stock Performance

JBHT stock opened at $167.30 on Thursday. The company has a 50 day moving average price of $197.94 and a 200 day moving average price of $192.83. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.26 and a quick ratio of 1.15. J.B. Hunt Transport Services has a fifty-two week low of $160.07 and a fifty-two week high of $219.51. The stock has a market capitalization of $17.28 billion, a PE ratio of 26.56, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results 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 return on equity of 16.25% and a net margin of 5.25%. The business had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same period in the prior year, the firm posted $1.92 EPS. J.B. Hunt Transport Services’s revenue was down 9.6% on a year-over-year basis. Analysts forecast that J.B. Hunt Transport Services will post 6.99 EPS for the current year.

Insider Activity at J.B. Hunt Transport Services

In related news, insider Alfred C. Harper sold 6,500 shares of the business’s stock in a transaction on 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 directly 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 is available at this hyperlink. In related news, insider Alfred C. Harper sold 6,500 shares of the business’s stock in a transaction on 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 directly 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 is available at this hyperlink. Also, Director Patrick J. Ottensmeyer acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was bought at an average cost 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 in the company, valued at approximately $1,014,950. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 20,432 shares of company stock valued at $4,309,687. 2.10% of the stock is owned by corporate insiders.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in JBHT. HighTower Advisors LLC lifted its position in J.B. Hunt Transport Services by 10.0% during the 1st quarter. HighTower Advisors LLC now owns 5,673 shares of the transportation company’s stock worth $1,139,000 after buying an additional 518 shares in the last quarter. Private Advisor Group LLC lifted its position in J.B. Hunt Transport Services by 15.8% during the 1st quarter. Private Advisor Group LLC now owns 1,562 shares of the transportation company’s stock worth $313,000 after buying an additional 213 shares in the last quarter. Panagora Asset Management Inc. lifted its position in J.B. Hunt Transport Services by 16.2% during the 1st quarter. Panagora Asset Management Inc. now owns 2,428 shares of the transportation company’s stock worth $488,000 after buying an additional 339 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in J.B. Hunt Transport Services by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,241 shares of the transportation company’s stock worth $2,257,000 after buying an additional 696 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its position in J.B. Hunt Transport Services by 0.5% during the 1st quarter. Yousif Capital Management LLC now owns 13,252 shares of the transportation company’s stock worth $2,661,000 after buying an additional 60 shares in 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.