JPMorgan Chase & Co. Cuts J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $204.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target lowered by JPMorgan Chase & Co. from $209.00 to $204.00 in a research note issued to investors on Wednesday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the transportation company’s stock.

Several other brokerages also recently issued reports on JBHT. BMO Capital Markets cut their price target on J.B. Hunt Transport Services from $218.00 to $200.00 and set an outperform rating on the stock in a report on Thursday. Raymond James raised their price target on J.B. Hunt Transport Services from $200.00 to $209.00 and gave the stock an outperform rating in a report on Tuesday, January 16th. Stephens lowered their target price on J.B. Hunt Transport Services from $210.00 to $192.00 and set an overweight rating on the stock in a research report on Wednesday. StockNews.com cut J.B. Hunt Transport Services from a hold rating to a sell rating in a research report on Friday, March 8th. Finally, Barclays lowered their target price on J.B. Hunt Transport Services from $200.00 to $170.00 and set an equal weight 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’s stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services presently has an average rating of Moderate Buy and a consensus price target of $194.56.

J.B. Hunt Transport Services Trading Up 1.9 %

Shares of NASDAQ JBHT opened at $167.30 on Wednesday. The company has a market cap 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 12-month low of $160.07 and a 12-month high of $219.51. The company has a current ratio of 1.26, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33. The stock’s 50 day simple moving average is $197.94 and its 200 day simple moving average is $192.83.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results 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 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 company’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same period last year, the business posted $1.92 EPS. Equities research analysts expect that J.B. Hunt Transport Services will post 6.99 EPS for the current year.

Insider Activity

In other news, EVP David Keefauver sold 978 shares of J.B. Hunt Transport Services stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $205.06, for a total transaction of $200,548.68. Following the transaction, the executive vice president now directly owns 1,119 shares in the company, valued at approximately $229,462.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP David Keefauver sold 978 shares of J.B. Hunt Transport Services stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $205.06, for a total transaction of $200,548.68. Following the transaction, the executive vice president now directly owns 1,119 shares in the company, valued at approximately $229,462.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Alfred C. Harper sold 6,500 shares of J.B. Hunt Transport Services 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 transaction, the insider now owns 42,411 shares in the company, valued at $9,021,243.81. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,432 shares of company stock worth $4,309,687. 2.10% of the stock is owned by company insiders.

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

Hedge funds have recently modified their holdings of the stock. Clear Street Markets LLC grew its holdings in shares of J.B. Hunt Transport Services by 94.0% in the 1st quarter. Clear Street Markets LLC now owns 161 shares of the transportation company’s stock worth $28,000 after acquiring an additional 78 shares during the last quarter. VisionPoint Advisory Group LLC grew its holdings in shares of J.B. Hunt Transport Services by 104.8% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock worth $32,000 after acquiring an additional 87 shares during the last quarter. Salem Investment Counselors Inc. boosted its position in shares of J.B. Hunt Transport Services by 69.1% in the second quarter. Salem Investment Counselors Inc. now owns 208 shares of the transportation company’s stock worth $33,000 after buying an additional 85 shares during the period. Operose Advisors LLC acquired a new stake in shares of J.B. Hunt Transport Services in the third quarter worth $34,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of J.B. Hunt Transport Services in the third quarter worth $36,000. 74.95% of the stock is currently 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.