JPMorgan Chase & Co. Trims J.B. Hunt Transport Services (NASDAQ:JBHT) Target Price to $204.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price decreased by JPMorgan Chase & Co. from $209.00 to $204.00 in a report issued on Wednesday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the transportation company’s stock.

Other equities analysts have also recently issued reports about the company. StockNews.com cut J.B. Hunt Transport Services from a hold rating to a sell rating in a research note on Friday, March 8th. Benchmark reiterated a buy rating and set a $215.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday. Raymond James raised their price objective on shares of J.B. Hunt Transport Services from $200.00 to $209.00 and gave the stock an outperform rating in a report on Tuesday, January 16th. UBS Group cut their price objective on J.B. Hunt Transport Services from $234.00 to $211.00 and set a buy rating on the stock in a research note on Wednesday. Finally, Stifel Nicolaus cut their target price on shares of J.B. Hunt Transport Services from $188.00 to $173.00 and set a hold rating on the stock in a report on Wednesday. One research 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.com, J.B. Hunt Transport Services presently has an average rating of Moderate Buy and a consensus price target of $195.83.

J.B. Hunt Transport Services Price Performance

J.B. Hunt Transport Services stock opened at $168.13 on Wednesday. The firm has a fifty day moving average of $199.89 and a 200-day moving average of $193.17. 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. The firm has a market capitalization of $17.37 billion, a P/E ratio of 26.69, a PEG ratio of 1.61 and a beta of 1.11.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results 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). J.B. Hunt Transport Services had a return on equity of 16.40% and a net margin of 5.25%. The company had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.29 billion. During the same quarter in the prior year, the company earned $1.92 EPS. The firm’s revenue was down 9.6% compared to the same quarter last year. As a group, analysts predict that J.B. Hunt Transport Services will post 7.57 EPS for the current year.

Insiders Place Their Bets

In related news, Director Patrick J. Ottensmeyer acquired 5,000 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was bought at an average price of $202.99 per share, for a total transaction of $1,014,950.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at $1,014,950. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, EVP David Keefauver sold 978 shares of the stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $205.06, for a total value of $200,548.68. Following the completion of the sale, the executive vice president now owns 1,119 shares in the company, valued at $229,462.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Patrick J. Ottensmeyer bought 5,000 shares of the stock in a transaction on Monday, March 4th. The shares were acquired at an average cost of $202.99 per share, for a total transaction of $1,014,950.00. Following the purchase, the director now owns 5,000 shares in the company, valued at $1,014,950. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 20,432 shares of company stock worth $4,309,687. 2.10% of the stock is owned by insiders.

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

Institutional investors and hedge funds have recently modified their holdings of the business. Clear Street Markets LLC grew its holdings in J.B. Hunt Transport Services by 94.0% during the first quarter. Clear Street Markets LLC now owns 161 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 78 shares during the last quarter. VisionPoint Advisory Group LLC grew its position in 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 acquiring an additional 87 shares during the period. Salem Investment Counselors Inc. boosted its stake in shares of J.B. Hunt Transport Services by 69.1% in the 2nd quarter. Salem Investment Counselors Inc. now owns 208 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 85 shares in the last quarter. Operose Advisors LLC bought a new position in J.B. Hunt Transport Services in the 3rd quarter valued at $34,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of J.B. Hunt Transport Services in the 3rd quarter worth $36,000. 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.