TD Cowen Lowers J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $181.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective dropped by TD Cowen from $193.00 to $181.00 in a research note issued to investors on Wednesday, Marketbeat.com reports. The firm currently has a “hold” rating on the transportation company’s stock. TD Cowen’s price objective would suggest a potential upside of 10.23% from the company’s current price.

JBHT has been the topic of several other research reports. Robert W. Baird reaffirmed an “outperform” rating and issued a $215.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday, January 19th. Stifel Nicolaus restated a “hold” rating and set a $188.00 price target on shares of J.B. Hunt Transport Services in a research note on Friday, January 19th. Barclays lowered J.B. Hunt Transport Services from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $215.00 to $200.00 in a research note on Monday, April 1st. StockNews.com lowered J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a research note on Friday, March 8th. Finally, UBS Group upgraded J.B. Hunt Transport Services from a “neutral” rating to a “buy” rating and raised their price target for the company from $205.00 to $234.00 in a research note on Monday, January 22nd. One investment 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’s stock. According to data from MarketBeat.com, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and a consensus price target of $194.56.

J.B. Hunt Transport Services Stock Performance

Shares of J.B. Hunt Transport Services stock opened at $164.20 on Wednesday. The stock’s fifty day moving average is $198.90 and its two-hundred day moving average is $192.97. The company has a market capitalization of $16.96 billion, a PE ratio of 26.06, a price-to-earnings-growth ratio of 1.61 and a beta of 1.11. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. J.B. Hunt Transport Services has a 52 week low of $160.07 and a 52 week high of $219.51.

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

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, insider Alfred C. Harper sold 6,500 shares of the firm’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 sale, the insider now owns 42,411 shares of the company’s stock, valued at $9,021,243.81. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other J.B. Hunt Transport Services news, CFO John Kuhlow sold 3,500 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $213.00, for a total value of $745,500.00. Following the completion of the sale, the chief financial officer now owns 10,537 shares of the company’s stock, valued at $2,244,381. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Alfred C. Harper sold 6,500 shares of J.B. Hunt Transport Services 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 sale, the insider now directly owns 42,411 shares of the company’s stock, valued at approximately $9,021,243.81. 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. 2.10% of the stock is currently owned by corporate insiders.

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

A number of institutional investors and hedge funds have recently modified their holdings of the company. Hexagon Capital Partners LLC lifted its holdings in shares of J.B. Hunt Transport Services by 0.4% during the first quarter. Hexagon Capital Partners LLC now owns 379,243 shares of the transportation company’s stock worth $75,564,000 after purchasing an additional 1,522 shares during the period. SteelPeak Wealth LLC acquired a new stake in shares of J.B. Hunt Transport Services during the first quarter worth about $502,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of 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 purchasing an additional 128 shares during the period. Disciplined Investments LLC lifted its holdings in shares of 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 purchasing an additional 412 shares during the period. Finally, Gateway Investment Advisers LLC lifted its holdings in shares of 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 purchasing an additional 590 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.