Stifel Nicolaus Lowers J B Hunt Transport Services (JBHT) Price Target to $107.00

J B Hunt Transport Services (NASDAQ:JBHT) had its target price dropped by equities researchers at Stifel Nicolaus from $115.00 to $107.00 in a research report issued on Tuesday, AnalystRatings.com reports. The brokerage presently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 6.48% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of J B Hunt Transport Services from a “hold” rating to a “buy” rating and set a $119.00 target price on the stock in a research note on Wednesday, January 23rd. Deutsche Bank set a $125.00 target price on shares of J B Hunt Transport Services and gave the stock a “buy” rating in a research note on Thursday, February 14th. Buckingham Research decreased their target price on shares of J B Hunt Transport Services from $132.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, April 2nd. Morgan Stanley decreased their target price on shares of J B Hunt Transport Services from $118.00 to $113.00 and set an “equal weight” rating on the stock in a research note on Monday, January 7th. Finally, Barclays decreased their target price on shares of J B Hunt Transport Services from $128.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 4th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. J B Hunt Transport Services has a consensus rating of “Hold” and an average target price of $119.14.

JBHT traded down $5.01 during trading on Tuesday, hitting $100.49. 121,653 shares of the stock traded hands, compared to its average volume of 842,595. J B Hunt Transport Services has a twelve month low of $88.38 and a twelve month high of $131.74. The company has a market cap of $11.60 billion, a P/E ratio of 17.69, a P/E/G ratio of 1.46 and a beta of 1.13. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.11 and a quick ratio of 1.10.

J B Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Monday, April 15th. The transportation company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.16). J B Hunt Transport Services had a net margin of 5.68% and a return on equity of 30.72%. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the prior year, the firm earned $1.07 earnings per share. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, analysts expect that J B Hunt Transport Services will post 6.09 earnings per share for the current fiscal year.

In related news, EVP Nicholas Hobbs sold 3,000 shares of the business’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $112.04, for a total value of $336,120.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO David G. Mee sold 2,886 shares of the business’s stock in a transaction on Monday, February 11th. The stock was sold at an average price of $109.06, for a total transaction of $314,747.16. Following the completion of the sale, the chief financial officer now directly owns 110,500 shares in the company, valued at approximately $12,051,130. The disclosure for this sale can be found here. In the last three months, insiders sold 12,986 shares of company stock worth $1,402,544. 3.60% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its position in shares of J B Hunt Transport Services by 23.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,455,788 shares of the transportation company’s stock worth $292,090,000 after acquiring an additional 461,225 shares in the last quarter. Virtu Financial LLC bought a new stake in J B Hunt Transport Services during the 3rd quarter valued at $232,000. Dimensional Fund Advisors LP raised its stake in J B Hunt Transport Services by 2.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 505,837 shares of the transportation company’s stock valued at $60,162,000 after acquiring an additional 13,748 shares in the last quarter. Renaissance Technologies LLC raised its stake in J B Hunt Transport Services by 260.2% during the 3rd quarter. Renaissance Technologies LLC now owns 317,844 shares of the transportation company’s stock valued at $37,804,000 after acquiring an additional 229,600 shares in the last quarter. Finally, LPL Financial LLC raised its stake in J B Hunt Transport Services by 39.7% during the 3rd quarter. LPL Financial LLC now owns 22,185 shares of the transportation company’s stock valued at $2,639,000 after acquiring an additional 6,301 shares in the last quarter. Institutional investors and hedge funds own 72.46% of the company’s stock.

J B Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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Analyst Recommendations for J B Hunt Transport Services (NASDAQ:JBHT)

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