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

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

Other analysts have also recently issued research reports about the stock. Susquehanna dropped their target price on shares of J.B. Hunt Transport Services from $195.00 to $185.00 and set a neutral rating for the company in a research report on Wednesday. UBS Group dropped their target price on shares of J.B. Hunt Transport Services from $234.00 to $211.00 and set a buy rating for the company in a research report on Wednesday. BMO Capital Markets dropped 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 report on Thursday. Bank of America dropped their target price on shares of J.B. Hunt Transport Services from $215.00 to $199.00 and set a buy rating for the company in a research report on Wednesday. Finally, Raymond James upped their target price on shares of J.B. Hunt Transport Services from $200.00 to $209.00 and gave the company an outperform rating in a research report on Tuesday, January 16th. One research 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. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $194.56.

J.B. Hunt Transport Services Stock Up 1.9 %

NASDAQ:JBHT opened at $167.30 on Wednesday. The stock’s fifty day moving average price is $197.94 and its two-hundred day moving average price is $192.83. J.B. Hunt Transport Services has a 52-week low of $160.07 and a 52-week high of $219.51. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.15 and a current ratio of 1.26. The company has a market cap of $17.28 billion, a price-to-earnings ratio of 26.56, a P/E/G ratio of 1.96 and a beta of 1.11.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Thursday, January 18th. The transportation company reported $1.47 earnings per share (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 16.25% and a net margin of 5.25%. The firm’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.92 EPS. On average, analysts anticipate 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 bought 5,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Monday, March 4th. The stock was 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 in the company, valued at $1,014,950. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, SVP Kevin Bracy sold 754 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $211.79, for a total transaction of $159,689.66. Following the completion of the transaction, the senior vice president now directly owns 8,235 shares in the company, valued at approximately $1,744,090.65. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Patrick J. Ottensmeyer acquired 5,000 shares of J.B. Hunt Transport Services stock in a transaction dated Monday, March 4th. The shares were acquired at an average price of $202.99 per share, with a total value of $1,014,950.00. Following the completion of 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. In the last ninety days, insiders sold 20,432 shares of company stock valued at $4,309,687. Company insiders own 2.10% of the company’s stock.

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

Large investors have recently modified their holdings of the business. Clear Street Markets LLC boosted its stake in shares of 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 worth $28,000 after buying an additional 78 shares during the last quarter. VisionPoint Advisory Group LLC boosted its stake in shares of J.B. Hunt Transport Services by 104.8% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock worth $32,000 after buying an additional 87 shares during the last quarter. Salem Investment Counselors Inc. boosted its stake in shares of J.B. Hunt Transport Services by 69.1% during the 2nd quarter. Salem Investment Counselors Inc. now owns 208 shares of the transportation company’s stock worth $33,000 after buying an additional 85 shares during the last quarter. Operose Advisors LLC acquired a new position in shares of J.B. Hunt Transport Services during the 3rd quarter worth about $34,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of J.B. Hunt Transport Services during the 3rd quarter worth about $36,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

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.