J.B. Hunt Transport Services (NASDAQ:JBHT) Given New $185.00 Price Target at Susquehanna

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective cut by research analysts at Susquehanna from $195.00 to $185.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price target would indicate a potential upside of 12.67% from the company’s current price.

JBHT has been the subject of a number of other research reports. Stifel Nicolaus lowered their price objective on J.B. Hunt Transport Services from $188.00 to $173.00 and set a “hold” rating for the company in a research note on Wednesday. Evercore ISI lowered their price objective on J.B. Hunt Transport Services from $218.00 to $199.00 and set an “outperform” rating for the company in a research note on Wednesday. Raymond James raised their price objective on J.B. Hunt Transport Services from $200.00 to $209.00 and gave the company an “outperform” rating in a research note on Tuesday, January 16th. Barclays cut their price target on J.B. Hunt Transport Services from $200.00 to $170.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. cut their price target on J.B. Hunt Transport Services from $220.00 to $212.00 and set an “overweight” rating on the stock in a report on Thursday, December 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $194.56.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ:JBHT opened at $164.20 on Wednesday. The firm has a market capitalization of $16.96 billion, a PE ratio of 26.06, a P/E/G ratio of 1.61 and a beta of 1.11. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.15. The business has a 50-day moving average of $198.90 and a two-hundred day moving average of $192.97. 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 announced its quarterly earnings results 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 firm had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.29 billion. J.B. Hunt Transport Services had a return on equity of 16.40% and a net margin of 5.25%. The business’s revenue was down 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.92 earnings per share. As a group, research analysts forecast that J.B. Hunt Transport Services will post 7.57 earnings per share for the current year.

Insider Activity

In other news, EVP David Keefauver sold 978 shares of J.B. Hunt Transport Services stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $205.06, for a total transaction of $200,548.68. Following the transaction, the executive vice president now directly owns 1,119 shares in the company, valued at approximately $229,462.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP David Keefauver sold 978 shares of J.B. Hunt Transport Services stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $205.06, for a total transaction of $200,548.68. Following the transaction, the executive vice president now directly owns 1,119 shares in the company, valued at approximately $229,462.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Alfred C. Harper sold 6,500 shares of J.B. Hunt Transport Services stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $212.71, for a total value of $1,382,615.00. Following the transaction, the insider now owns 42,411 shares in the company, valued at $9,021,243.81. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,432 shares of company stock worth $4,309,687. 2.10% of the stock is owned by company insiders.

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

Hedge funds have recently modified their holdings of the stock. Clear Street Markets LLC grew its holdings in shares of J.B. Hunt Transport Services by 94.0% in the 1st quarter. Clear Street Markets LLC now owns 161 shares of the transportation company’s stock worth $28,000 after acquiring an additional 78 shares during the last quarter. VisionPoint Advisory Group LLC grew its holdings in shares of 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 acquiring an additional 87 shares during the last quarter. Salem Investment Counselors Inc. grew its holdings 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 worth $33,000 after acquiring an additional 85 shares during the last quarter. Operose Advisors LLC acquired a new position in shares of J.B. Hunt Transport Services in the 3rd quarter worth $34,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of J.B. Hunt Transport Services in the 3rd quarter worth $36,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

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.