J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Cut to $199.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price reduced by Evercore ISI from $218.00 to $199.00 in a research report released on Wednesday morning, Benzinga reports. They currently have an outperform rating on the transportation company’s stock.

JBHT has been the subject of a number of other research reports. Stephens lowered their price target on J.B. Hunt Transport Services from $212.00 to $210.00 and set an overweight rating for the company in a research report on Thursday, April 4th. Robert W. Baird reaffirmed an outperform rating and set a $215.00 price target on shares of J.B. Hunt Transport Services in a research report on Friday, January 19th. JPMorgan Chase & Co. lowered their price target on J.B. Hunt Transport Services from $220.00 to $212.00 and set an overweight rating for the company in a research report on Thursday, December 21st. TD Cowen lowered their price target on J.B. Hunt Transport Services from $193.00 to $181.00 and set a hold rating for the company in a research report on Wednesday. Finally, Barclays lowered J.B. Hunt Transport Services from an overweight rating to an equal weight rating and lowered their price target for the company from $215.00 to $200.00 in a research report on Monday, April 1st. One equities 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, the company presently has an average rating of Moderate Buy and a consensus target price of $194.56.

J.B. Hunt Transport Services Stock Up 1.9 %

JBHT opened at $167.30 on Wednesday. The company has a market cap of $17.28 billion, a P/E ratio of 26.56, a P/E/G ratio of 1.96 and a beta of 1.11. The business’s 50-day moving average price is $197.94 and its 200-day moving average price is $192.83. The company has a current ratio of 1.26, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33. J.B. Hunt Transport Services has a 12 month low of $160.07 and a 12 month high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Thursday, January 18th. The transportation company reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.27). The business had revenue of $3.30 billion for 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 16.25%. The company’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.92 EPS. On average, equities analysts expect that J.B. Hunt Transport Services will post 6.99 EPS for the current year.

Insider Buying and Selling

In related news, Director Patrick J. Ottensmeyer purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were bought at an average price of $202.99 per share, for a total transaction of $1,014,950.00. Following the purchase, the director now directly 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 hyperlink. In related news, Director Patrick J. Ottensmeyer purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were bought at an average price of $202.99 per share, for a total transaction of $1,014,950.00. Following the purchase, the director now directly 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 hyperlink. Also, SVP Kevin Bracy sold 754 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $211.79, for a total value of $159,689.66. Following the sale, the senior vice president now owns 8,235 shares in the company, valued at $1,744,090.65. The disclosure for this sale can be found here. Insiders have sold 20,432 shares of company stock worth $4,309,687 in the last 90 days. Insiders own 2.10% of the company’s stock.

Institutional Trading of J.B. Hunt Transport Services

Several institutional investors have recently added to or reduced their stakes in JBHT. Clear Street Markets LLC boosted its stake in J.B. Hunt Transport Services by 94.0% during the 1st 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 raised its holdings in J.B. Hunt Transport Services by 104.8% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock worth $32,000 after purchasing an additional 87 shares during the period. Salem Investment Counselors Inc. raised its holdings in 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 worth $33,000 after purchasing an additional 85 shares during the period. Operose Advisors LLC bought a new position in J.B. Hunt Transport Services in the 3rd quarter worth $34,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in J.B. Hunt Transport Services in the 3rd quarter worth $36,000. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

About J.B. Hunt Transport Services

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.