J.B. Hunt Transport Services (NASDAQ:JBHT) Downgraded by Susquehanna to “Neutral”

J.B. Hunt Transport Services (NASDAQ:JBHT) was downgraded by stock analysts at Susquehanna from a “positive” rating to a “neutral” rating in a research report issued on Wednesday,Finviz reports. They currently have a $165.00 price target on the transportation company’s stock, down from their prior price target of $200.00. Susquehanna’s price target indicates a potential upside of 10.04% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the company. Wells Fargo & Company decreased their price objective on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. JPMorgan Chase & Co. lowered their price target on J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. TD Cowen dropped their price objective on J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating for the company in a research note on Friday, January 17th. Raymond James reduced their target price on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 21st. Finally, Evercore ISI dropped their target price on shares of J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $185.05.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ JBHT opened at $149.95 on Wednesday. The firm has a market capitalization of $15.00 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 1.61 and a beta of 1.16. J.B. Hunt Transport Services has a one year low of $144.34 and a one year high of $200.40. The business has a fifty day simple moving average of $164.22 and a 200 day simple moving average of $172.56. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the prior year, the company posted $1.47 EPS. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. Sell-side analysts expect that J.B. Hunt Transport Services will post 6.37 EPS for the current year.

Insider Activity

In other news, EVP Darren P. Field sold 1,200 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $161.67, for a total transaction of $194,004.00. Following the completion of the transaction, the executive vice president now directly owns 17,822 shares in the company, valued at approximately $2,881,282.74. The trade was a 6.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James K. Thompson sold 4,400 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total transaction of $771,628.00. Following the completion of the sale, the director now 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 disclosure for this sale can be found here. 2.10% of the stock is currently owned by company insiders.

Institutional Trading of J.B. Hunt Transport Services

Large investors have recently made changes to their positions in the company. Janus Henderson Group PLC grew its stake in J.B. Hunt Transport Services by 0.5% in the fourth quarter. Janus Henderson Group PLC now owns 3,390,200 shares of the transportation company’s stock valued at $578,572,000 after acquiring an additional 15,476 shares during the period. State Street Corp lifted its holdings in shares of J.B. Hunt Transport Services by 0.6% during the 3rd quarter. State Street Corp now owns 3,289,874 shares of the transportation company’s stock valued at $566,944,000 after purchasing an additional 19,826 shares in the last quarter. Invesco Ltd. grew its position in shares of J.B. Hunt Transport Services by 5.1% in the 4th quarter. Invesco Ltd. now owns 2,124,425 shares of the transportation company’s stock valued at $362,554,000 after purchasing an additional 104,019 shares during the period. Geode Capital Management LLC increased its stake in J.B. Hunt Transport Services by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,997,568 shares of the transportation company’s stock worth $340,049,000 after purchasing an additional 8,968 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in J.B. Hunt Transport Services by 0.7% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,319,637 shares of the transportation company’s stock worth $225,209,000 after buying an additional 8,725 shares during the period. 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.