J.B. Hunt Transport Services (NASDAQ:JBHT) PT Lowered to $181.00 at TD Cowen

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price cut by TD Cowen from $193.00 to $181.00 in a note issued to investors on Wednesday, MarketBeat Ratings reports. The brokerage currently has a “hold” rating on the transportation company’s stock. TD Cowen’s price objective points to a potential upside of 7.40% from the company’s previous close.

Several other equities analysts have also weighed in on JBHT. Benchmark restated a “buy” rating and set a $215.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, March 13th. Susquehanna dropped their price objective on J.B. Hunt Transport Services from $200.00 to $195.00 and set a “neutral” rating on the stock in a research note on Monday, March 25th. StockNews.com lowered J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a research note on Friday, March 8th. Stephens dropped their price objective on J.B. Hunt Transport Services from $212.00 to $210.00 and set an “overweight” rating on the stock in a research note on Thursday, April 4th. Finally, Raymond James lifted their price objective on J.B. Hunt Transport Services from $200.00 to $209.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and an average target price of $197.39.

J.B. Hunt Transport Services Stock Down 7.9 %

JBHT traded down $14.46 during trading on Wednesday, reaching $168.53. 3,051,135 shares of the stock traded hands, compared to its average volume of 800,591. The stock has a market cap of $17.41 billion, a price-to-earnings ratio of 24.04, a price-to-earnings-growth ratio of 1.62 and a beta of 1.11. J.B. Hunt Transport Services has a fifty-two week low of $160.07 and a fifty-two week high of $219.51. 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 stock’s 50-day simple moving average is $200.81 and its two-hundred day simple moving average is $193.34.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data 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 5.68% and a return on equity of 18.40%. The firm had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same period in the previous year, the business posted $1.92 EPS. J.B. Hunt Transport Services’s revenue for the quarter was down 9.6% on a year-over-year basis. As a group, equities research analysts expect that J.B. Hunt Transport Services will post 7.61 EPS for the current year.

Insider Activity

In other news, CFO John Kuhlow sold 3,500 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $213.00, for a total value of $745,500.00. Following the completion of the transaction, the chief financial officer now owns 10,537 shares in the company, valued at approximately $2,244,381. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Kevin Bracy sold 754 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, February 23rd. The stock was 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 owns 8,235 shares in the company, valued at $1,744,090.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John Kuhlow sold 3,500 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $213.00, for a total value of $745,500.00. Following the transaction, the chief financial officer now owns 10,537 shares of the company’s stock, valued at approximately $2,244,381. The disclosure for this sale can be found here. Insiders sold 20,432 shares of company stock worth $4,309,687 in the last quarter. Corporate 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 JBHT. Clear Street Markets LLC lifted its position in J.B. Hunt Transport Services by 94.0% during the first 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 lifted its position in J.B. Hunt Transport Services by 104.8% during the third 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. raised its position in J.B. Hunt Transport Services by 69.1% during the second quarter. Salem Investment Counselors Inc. now owns 208 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 85 shares in the last quarter. Operose Advisors LLC acquired a new position in J.B. Hunt Transport Services during the third quarter valued at approximately $34,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in J.B. Hunt Transport Services during the third quarter valued at approximately $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.