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

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective lowered by equities research analysts at Bank of America from $215.00 to $199.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Bank of America‘s price target indicates a potential upside of 21.19% from the company’s current price.

Several other research firms have also weighed in on JBHT. Evercore ISI cut their target price on shares of J.B. Hunt Transport Services from $218.00 to $199.00 and set an “outperform” rating on the stock in a report on Wednesday. StockNews.com lowered J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a report on Friday, March 8th. Benchmark reissued a “buy” rating and issued a $215.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday. Susquehanna dropped their price target on J.B. Hunt Transport Services from $195.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Barclays decreased their price objective on J.B. Hunt Transport Services from $200.00 to $170.00 and set an “equal weight” rating for the company 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 given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $194.56.

J.B. Hunt Transport Services Trading Down 2.3 %

NASDAQ JBHT opened at $164.20 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. 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 market capitalization of $16.96 billion, a PE ratio of 26.06, a P/E/G ratio of 1.61 and a beta of 1.11. The stock has a 50-day simple moving average of $198.90 and a 200 day simple moving average of $192.97.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Thursday, January 18th. The transportation company reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.27). J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.40%. The company had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.29 billion. During the same period last year, the company earned $1.92 earnings per share. The business’s revenue was down 9.6% compared to the same quarter last year. Research analysts forecast that J.B. Hunt Transport Services will post 7.57 EPS for the current year.

Insider Activity at J.B. Hunt Transport Services

In other news, CFO John Kuhlow sold 3,500 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $213.00, for a total transaction of $745,500.00. Following the completion of the transaction, the chief financial officer now directly owns 10,537 shares in the company, valued at approximately $2,244,381. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other J.B. Hunt Transport Services news, CFO John Kuhlow sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $213.00, for a total transaction of $745,500.00. Following the transaction, the chief financial officer now owns 10,537 shares of the company’s stock, valued at approximately $2,244,381. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kevin Bracy sold 754 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $211.79, for a total transaction of $159,689.66. Following the transaction, the senior vice president now owns 8,235 shares in the company, valued at $1,744,090.65. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,432 shares of company stock valued at $4,309,687. Corporate insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Clear Street Markets LLC raised its stake in 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 valued at $28,000 after acquiring an additional 78 shares during the period. VisionPoint Advisory Group LLC raised its position in shares of J.B. Hunt Transport Services by 104.8% in the third quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 87 shares during the period. Operose Advisors LLC bought a new position in shares of J.B. Hunt Transport Services in the third quarter valued at about $34,000. VitalStone Financial LLC acquired a new stake in shares of J.B. Hunt Transport Services during the 1st quarter worth about $38,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of J.B. Hunt Transport Services during the 3rd quarter worth about $36,000. 74.95% of the stock is currently owned by institutional investors.

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.