Bank of America Has Lowered Expectations for J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Price

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price lowered by investment analysts at Bank of America from $228.00 to $225.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Bank of America‘s price objective points to a potential upside of 12.54% from the stock’s previous close.

JBHT has been the topic of several other research reports. Morgan Stanley boosted their target price on J.B. Hunt Transport Services from $150.00 to $165.00 and gave the company an “equal weight” rating in a research note on Monday, December 8th. Sanford C. Bernstein raised their price target on shares of J.B. Hunt Transport Services from $158.00 to $195.00 and gave the stock a “market perform” rating in a research note on Friday, January 9th. The Goldman Sachs Group boosted their price objective on shares of J.B. Hunt Transport Services from $169.00 to $187.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft set a $227.00 target price on shares of J.B. Hunt Transport Services in a report on Thursday, December 11th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $245.00 target price on shares of J.B. Hunt Transport Services in a research report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $205.27.

J.B. Hunt Transport Services Stock Performance

JBHT opened at $199.93 on Friday. The business’s 50-day moving average price is $215.16 and its two-hundred day moving average price is $183.73. J.B. Hunt Transport Services has a 1 year low of $122.79 and a 1 year high of $236.00. The company has a market capitalization of $18.91 billion, a price-to-earnings ratio of 32.56, a P/E/G ratio of 1.62 and a beta of 1.23. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.81.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Thursday, January 15th. The transportation company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.09. The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.10 billion. J.B. Hunt Transport Services had a return on equity of 16.33% and a net margin of 4.99%.J.B. Hunt Transport Services’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.53 earnings per share. Equities analysts expect that J.B. Hunt Transport Services will post 6.37 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Bradley W. Hicks sold 4,028 shares of the firm’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $225.13, for a total value of $906,823.64. Following the completion of the transaction, the insider directly owned 30,395 shares of the company’s stock, valued at approximately $6,842,826.35. This trade represents a 11.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Albert Brad Delco sold 1,000 shares of the business’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $227.25, for a total transaction of $227,250.00. Following the transaction, the chief financial officer owned 6,983 shares in the company, valued at approximately $1,586,886.75. The trade was a 12.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 25,945 shares of company stock worth $5,656,495 in the last quarter. 2.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Forty three Eighteen Advisors LLC acquired a new stake in J.B. Hunt Transport Services in the 4th quarter valued at about $692,000. Caitong International Asset Management Co. Ltd increased its position in J.B. Hunt Transport Services by 633.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,657 shares of the transportation company’s stock worth $322,000 after buying an additional 1,431 shares during the last quarter. Wick Capital Partners LLC acquired a new position in J.B. Hunt Transport Services during the fourth quarter worth approximately $315,000. MidFirst Bank bought a new stake in J.B. Hunt Transport Services in the fourth quarter valued at approximately $379,000. Finally, Pacer Advisors Inc. raised its stake in J.B. Hunt Transport Services by 16.5% in the fourth quarter. Pacer Advisors Inc. now owns 7,253 shares of the transportation company’s stock valued at $1,410,000 after buying an additional 1,029 shares during the period. 74.95% of the stock is currently owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.