J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Rating Lowered by Susquehanna

J.B. Hunt Transport Services (NASDAQ:JBHT) was downgraded by investment analysts at Susquehanna from a “positive” rating to a “neutral” rating in a note issued to investors on Wednesday, Marketbeat Ratings reports. They currently have a $165.00 target price on the transportation company’s stock, down from their previous target price of $200.00. Susquehanna’s price objective points to a potential upside of 9.42% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Stephens reissued an “overweight” rating and set a $205.00 target price on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. UBS Group cut their price objective on shares of J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Raymond James lowered their target price on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating for the company in a report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft began coverage on shares of J.B. Hunt Transport Services in a research report on Friday, March 7th. They issued a “hold” rating and a $167.00 price objective on the stock. Finally, Wells Fargo & Company dropped their target price on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $184.05.

J.B. Hunt Transport Services Price Performance

Shares of J.B. Hunt Transport Services stock opened at $150.80 on Wednesday. The stock’s 50-day simple moving average is $162.80 and its 200-day simple moving average is $172.26. The company has a market capitalization of $15.08 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 1.61 and a beta of 1.16. J.B. Hunt Transport Services has a 52 week low of $144.34 and a 52 week high of $200.40. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.09). J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period last year, the firm posted $1.47 earnings per share. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. As a group, analysts expect that J.B. Hunt Transport Services will post 6.37 earnings per share for the current fiscal year.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, Director James K. Thompson sold 4,400 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total transaction of $771,628.00. Following the sale, the director now directly owns 23,559 shares in the company, valued at $4,131,541.83. This represents a 15.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Darren P. Field sold 1,200 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $161.67, for a total transaction of $194,004.00. Following the sale, the executive vice president now owns 17,822 shares in the company, valued at approximately $2,881,282.74. This trade represents a 6.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

Institutional Trading of J.B. Hunt Transport Services

Several institutional investors have recently modified their holdings of JBHT. True Wealth Design LLC increased its stake in J.B. Hunt Transport Services by 2,028.6% in the third quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 142 shares during the period. National Pension Service acquired a new position in J.B. Hunt Transport Services during the fourth quarter worth about $30,000. BankPlus Trust Department acquired a new stake in shares of J.B. Hunt Transport Services in the 4th quarter worth approximately $34,000. Versant Capital Management Inc increased its position in shares of J.B. Hunt Transport Services by 102.2% in the fourth quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock valued at $48,000 after buying an additional 142 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in J.B. Hunt Transport Services by 68.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company’s stock worth $56,000 after acquiring an additional 134 shares during the last quarter. Hedge funds and other institutional investors 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.