Evercore ISI Trims J.B. Hunt Transport Services (NASDAQ:JBHT) Target Price to $199.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price cut by Evercore ISI from $218.00 to $199.00 in a report published on Wednesday morning, Benzinga reports. They currently have an outperform rating on the transportation company’s stock.

A number of other research analysts have also weighed in on JBHT. Barclays lowered J.B. Hunt Transport Services from an overweight rating to an equal weight rating and decreased their target price for the stock from $215.00 to $200.00 in a report on Monday, April 1st. Stephens decreased their target price on J.B. Hunt Transport Services from $212.00 to $210.00 and set an overweight rating on the stock in a report on Thursday, April 4th. Susquehanna decreased their target price on J.B. Hunt Transport Services from $200.00 to $195.00 and set a neutral rating on the stock in a report on Monday, March 25th. Stifel Nicolaus restated a hold rating and issued a $188.00 price target on shares of J.B. Hunt Transport Services in a research note on Friday, January 19th. Finally, StockNews.com downgraded J.B. Hunt Transport Services from a hold rating to a sell rating in a research note on Friday, March 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $194.56.

J.B. Hunt Transport Services Stock Up 1.9 %

NASDAQ:JBHT opened at $167.30 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.26 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $17.28 billion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. J.B. Hunt Transport Services has a twelve month low of $160.07 and a twelve month high of $219.51. The stock’s 50 day moving average price is $197.94 and its two-hundred day moving average price is $192.83.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Thursday, January 18th. The transportation company reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.27). The business had revenue of $3.30 billion for the quarter, compared to analyst estimates 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 revenue was down 9.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.92 earnings per share. Equities research analysts expect that J.B. Hunt Transport Services will post 6.99 earnings per share for the current fiscal year.

Insider Activity

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

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

Several institutional investors and hedge funds have recently made changes to their positions in JBHT. Morgan Stanley increased its stake in shares of J.B. Hunt Transport Services by 269.1% in the fourth 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. JPMorgan Chase & Co. increased its stake in shares of J.B. Hunt Transport Services by 184.6% in the third 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. Massachusetts Financial Services Co. MA increased its stake in shares of J.B. Hunt Transport Services by 7,720.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 983,703 shares of the transportation company’s stock valued at $196,485,000 after buying an additional 971,124 shares during the period. Norges Bank acquired a new stake in shares of J.B. Hunt Transport Services in the fourth quarter valued at about $185,299,000. Finally, BlackRock Inc. increased its stake in shares of J.B. Hunt Transport Services by 6.8% in the first 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. Institutional investors and hedge funds own 74.95% of the company’s stock.

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.