J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Cut to $177.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price decreased by Loop Capital from $200.00 to $177.00 in a report released on Thursday morning, Benzinga reports. Loop Capital currently has a hold rating on the transportation company’s stock.

A number of other research firms have also weighed in on JBHT. Robert W. Baird reduced their price objective on J.B. Hunt Transport Services from $215.00 to $205.00 and set an outperform rating for the company in a research note on Wednesday. Evercore ISI reduced their price target on J.B. Hunt Transport Services from $218.00 to $199.00 and set an outperform rating for the company in a research report on Wednesday. Stephens decreased their price target on J.B. Hunt Transport Services from $210.00 to $192.00 and set an overweight rating for the company in a report on Wednesday. Barclays dropped their price objective on shares of J.B. Hunt Transport Services from $200.00 to $170.00 and set an equal weight rating on the stock in a research note on Wednesday. Finally, BMO Capital Markets decreased their target price on shares of J.B. Hunt Transport Services from $218.00 to $200.00 and set an outperform rating for the company in a research note on Thursday. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, J.B. Hunt Transport Services has an average rating of Moderate Buy and a consensus target price of $194.56.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ:JBHT opened at $164.20 on Thursday. J.B. Hunt Transport Services has a twelve month low of $160.07 and a twelve 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 company has a market cap of $16.96 billion, a PE ratio of 26.06, a price-to-earnings-growth ratio of 1.48 and a beta of 1.11. The company’s 50 day moving average is $198.90 and its 200 day moving average is $192.97.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Thursday, January 18th. The transportation company reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.27). The business had revenue of $3.30 billion during the quarter, compared to analyst estimates 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 firm’s revenue was down 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.92 EPS. On average, sell-side analysts forecast that J.B. Hunt Transport Services will post 7.57 EPS for the current year.

Insider Transactions at J.B. Hunt Transport Services

In related news, Director Patrick J. Ottensmeyer purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were purchased at an average cost of $202.99 per share, with a total value of $1,014,950.00. Following the purchase, the director now owns 5,000 shares of the company’s stock, valued at approximately $1,014,950. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other J.B. Hunt Transport Services news, SVP Kevin Bracy sold 754 shares of J.B. Hunt Transport Services stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $211.79, for a total transaction of $159,689.66. Following the sale, the senior vice president now owns 8,235 shares of the company’s stock, valued at approximately $1,744,090.65. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Patrick J. Ottensmeyer bought 5,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were acquired at an average cost 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 $1,014,950. The disclosure for this purchase can be found here. Insiders sold 20,432 shares of company stock valued at $4,309,687 over the last 90 days. Corporate insiders own 2.10% of the company’s stock.

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

Several hedge funds and other institutional investors have recently modified their holdings of the business. Hexagon Capital Partners LLC grew its stake in J.B. Hunt Transport Services by 0.4% during the 1st quarter. Hexagon Capital Partners LLC now owns 379,243 shares of the transportation company’s stock valued at $75,564,000 after acquiring an additional 1,522 shares in the last quarter. SteelPeak Wealth LLC acquired a new position in shares of J.B. Hunt Transport Services during the 1st quarter worth approximately $502,000. Wealth Enhancement Advisory Services LLC grew its position in shares of J.B. Hunt Transport Services by 4.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,324 shares of the transportation company’s stock valued at $662,000 after purchasing an additional 128 shares in the last quarter. Disciplined Investments LLC increased its holdings in shares of J.B. Hunt Transport Services by 1.4% in the first quarter. Disciplined Investments LLC now owns 29,067 shares of the transportation company’s stock valued at $5,791,000 after purchasing an additional 412 shares during the last quarter. Finally, Gateway Investment Advisers LLC lifted its position 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 in the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

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.