Loop Capital Lowers J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $177.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price cut by Loop Capital from $200.00 to $177.00 in a report released on Thursday morning, Benzinga reports. They currently have a hold rating on the transportation company’s stock.

JBHT has been the subject of several other reports. StockNews.com lowered J.B. Hunt Transport Services from a hold rating to a sell rating in a research report on Friday, March 8th. Barclays dropped their price objective on shares of 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, April 17th. Bank of America reduced 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 note on Wednesday, April 17th. Susquehanna dropped their price target on J.B. Hunt Transport Services from $195.00 to $185.00 and set a neutral rating on the stock in a research note on Wednesday, April 17th. Finally, BMO Capital Markets reduced their price objective on 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, J.B. Hunt Transport Services has a consensus rating of Moderate Buy and an average target price of $194.24.

J.B. Hunt Transport Services Trading Up 1.9 %

JBHT opened at $167.30 on Thursday. J.B. Hunt Transport Services has a twelve month low of $160.07 and a twelve month high of $219.51. The firm has a market cap of $17.28 billion, a PE ratio of 26.56, a price-to-earnings-growth ratio of 2.00 and a beta of 1.11. 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 firm’s fifty day moving average is $197.94 and its two-hundred day moving average is $192.91.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Thursday, January 18th. The transportation company reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.27). J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.25%. The business had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.29 billion. During the same period in the previous year, the firm posted $1.92 earnings per share. The firm’s revenue was down 9.6% on a year-over-year basis. Equities research analysts anticipate that J.B. Hunt Transport Services will post 6.76 EPS for the current year.

Insider Transactions at J.B. Hunt Transport Services

In related news, SVP Kevin Bracy sold 754 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $211.79, for a total value of $159,689.66. Following the completion of the sale, the senior vice president now directly owns 8,235 shares in the company, valued at approximately $1,744,090.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other J.B. Hunt Transport Services news, SVP Kevin Bracy sold 754 shares of J.B. Hunt Transport Services stock in a transaction on 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 of the company’s stock, valued at $1,744,090.65. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Brian Webb sold 900 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $208.54, for a total transaction of $187,686.00. Following the completion of the transaction, the executive vice president now owns 15,032 shares in the company, valued at $3,134,773.28. 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 ninety days. Insiders own 2.10% of the company’s stock.

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

Several hedge funds have recently bought and sold shares of the stock. Morgan Stanley increased its stake in shares of J.B. Hunt Transport Services by 269.1% during the fourth quarter. Morgan Stanley now owns 2,371,613 shares of the transportation company’s stock worth $413,514,000 after purchasing an additional 1,728,989 shares during the period. JPMorgan Chase & Co. grew its holdings in J.B. Hunt Transport Services by 184.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,154,757 shares of the transportation company’s stock valued at $406,215,000 after buying an additional 1,397,651 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of J.B. Hunt Transport Services by 7,720.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 983,703 shares of the transportation company’s stock worth $196,485,000 after buying an additional 971,124 shares in the last quarter. Norges Bank acquired a new stake in shares of J.B. Hunt Transport Services during the fourth quarter worth $185,299,000. Finally, BlackRock Inc. boosted its position in shares of J.B. Hunt Transport Services by 6.8% in the first quarter. BlackRock Inc. now owns 6,714,693 shares of the transportation company’s stock valued at $1,178,160,000 after acquiring an additional 429,256 shares during the period. 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.