J.B. Hunt Transport Services (NASDAQ:JBHT) PT Lowered to $211.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price lowered by analysts at UBS Group from $234.00 to $211.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. UBS Group’s price objective indicates a potential upside of 28.50% from the company’s previous close.

JBHT has been the topic of a number of other reports. Raymond James raised their price target on J.B. Hunt Transport Services from $200.00 to $209.00 and gave the company an “outperform” rating in a report on Tuesday, January 16th. 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 report on Wednesday. Robert W. Baird reissued an “outperform” rating and set a $215.00 price target on shares of J.B. Hunt Transport Services in a report on Friday, January 19th. StockNews.com cut J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a report on Friday, March 8th. Finally, Barclays cut J.B. Hunt Transport Services from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $215.00 to $200.00 in a report on Monday, April 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $194.56.

J.B. Hunt Transport Services Stock Performance

JBHT stock opened at $164.20 on Wednesday. The company has a market cap of $16.96 billion, a P/E ratio of 26.06, a price-to-earnings-growth ratio of 1.61 and a beta of 1.11. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.15. The stock’s fifty day moving average price is $198.90 and its 200-day moving average price is $192.97. J.B. Hunt Transport Services has a 1 year low of $160.07 and a 1 year high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results 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 company had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.29 billion. J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.40%. J.B. Hunt Transport Services’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.92 earnings per share. On average, equities analysts forecast that J.B. Hunt Transport Services will post 7.57 earnings per share for the current year.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, Director Patrick J. Ottensmeyer bought 5,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was acquired at an average price of $202.99 per share, for a total transaction of $1,014,950.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $1,014,950. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other J.B. Hunt Transport Services news, EVP David Keefauver sold 978 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 1,119 shares in the company, valued at $229,462.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Patrick J. Ottensmeyer purchased 5,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was purchased at an average price of $202.99 per share, with a total value of $1,014,950.00. Following the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $1,014,950. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 20,432 shares of company stock worth $4,309,687. Corporate insiders own 2.10% of the company’s stock.

Institutional Trading of J.B. Hunt Transport Services

A number of large investors have recently modified their holdings of the company. Hexagon Capital Partners LLC boosted its holdings in shares of 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 purchasing an additional 1,522 shares during the period. SteelPeak Wealth LLC purchased a new stake in J.B. Hunt Transport Services during the first quarter worth $502,000. Wealth Enhancement Advisory Services LLC lifted its holdings in J.B. Hunt Transport Services by 4.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,324 shares of the transportation company’s stock worth $662,000 after buying an additional 128 shares during the period. Disciplined Investments LLC lifted its holdings in 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 worth $5,791,000 after buying an additional 412 shares during the period. Finally, Gateway Investment Advisers LLC lifted its holdings in 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 worth $9,147,000 after buying an additional 590 shares during the period. 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.