J.B. Hunt Transport Services (NASDAQ:JBHT) PT Lowered to $173.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target dropped by Stifel Nicolaus from $188.00 to $173.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 5.36% from the company’s previous close.

A number of other research analysts have also recently commented on the company. Barclays cut J.B. Hunt Transport Services from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $215.00 to $200.00 in a research report on Monday, April 1st. Benchmark restated a “buy” rating and issued a $215.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, March 13th. Evercore ISI decreased their price target 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. Robert W. Baird restated an “outperform” rating and issued a $215.00 price target on shares of J.B. Hunt Transport Services in a research report on Friday, January 19th. Finally, Susquehanna decreased their price target on J.B. Hunt Transport Services from $200.00 to $195.00 and set a “neutral” rating on the stock in a research report on Monday, March 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and a consensus target price of $194.56.

J.B. Hunt Transport Services Stock Down 2.3 %

JBHT stock opened at $164.20 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.26 and a quick ratio of 1.15. The stock has a market capitalization of $16.96 billion, a price-to-earnings ratio of 26.06, a PEG ratio of 1.48 and a beta of 1.11. The business’s fifty day moving average price is $198.90 and its two-hundred day moving average price is $192.97. J.B. Hunt Transport Services has a fifty-two week low of $160.07 and a fifty-two week high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Thursday, January 18th. The transportation company reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.27). The firm had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.29 billion. J.B. Hunt Transport Services had a return on equity of 16.25% and a net margin of 5.25%. The firm’s quarterly revenue was down 9.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.92 EPS. On average, equities analysts anticipate that J.B. Hunt Transport Services will post 7.57 earnings per share for the current year.

Insider Activity

In related news, insider Alfred C. Harper sold 6,500 shares of J.B. Hunt Transport Services stock in a transaction that occurred 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 transaction, the insider now directly owns 42,411 shares of the company’s stock, valued at $9,021,243.81. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other J.B. Hunt Transport Services news, 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 cost of $202.99 per share, with a total value of $1,014,950.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at $1,014,950. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Alfred C. Harper sold 6,500 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 42,411 shares in the company, valued at $9,021,243.81. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,432 shares of company stock valued at $4,309,687. 2.10% of the stock is currently owned by corporate insiders.

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

Several institutional investors have recently added to or reduced their stakes in the business. Hexagon Capital Partners LLC lifted its stake in J.B. Hunt Transport Services by 0.4% in the first quarter. Hexagon Capital Partners LLC now owns 379,243 shares of the transportation company’s stock valued at $75,564,000 after buying an additional 1,522 shares during the period. SteelPeak Wealth LLC acquired a new position in J.B. Hunt Transport Services in the first quarter valued at approximately $502,000. Wealth Enhancement Advisory Services LLC lifted its stake in J.B. Hunt Transport Services by 4.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,324 shares of the transportation company’s stock valued at $662,000 after buying an additional 128 shares during the period. Disciplined Investments LLC increased its holdings in shares of J.B. Hunt Transport Services by 1.4% during the first quarter. Disciplined Investments LLC now owns 29,067 shares of the transportation company’s stock valued at $5,791,000 after acquiring an additional 412 shares in the last quarter. Finally, Gateway Investment Advisers LLC increased its holdings in shares of J.B. Hunt Transport Services by 1.3% during the first quarter. Gateway Investment Advisers LLC now owns 45,905 shares of the transportation company’s stock valued at $9,147,000 after acquiring an additional 590 shares in the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.

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.