J.B. Hunt Transport Services (NASDAQ:JBHT) PT Lowered to $205.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target dropped by equities researchers at Robert W. Baird from $215.00 to $205.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the transportation company’s stock. Robert W. Baird’s price objective points to a potential upside of 22.35% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Stifel Nicolaus lowered their price target on shares of J.B. Hunt Transport Services from $188.00 to $173.00 and set a “hold” rating for the company in a report on Wednesday. Barclays reduced 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 research report on Wednesday. Raymond James upped their target price on shares of J.B. Hunt Transport Services from $200.00 to $209.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 16th. Stephens reduced their target price on shares of J.B. Hunt Transport Services from $210.00 to $192.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, JPMorgan Chase & Co. reduced their target price on shares of J.B. Hunt Transport Services from $220.00 to $212.00 and set an “overweight” rating on the stock in a research report on Thursday, December 21st. One investment 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $197.39.

J.B. Hunt Transport Services Trading Down 8.4 %

Shares of JBHT traded down $15.44 during mid-day trading on Wednesday, reaching $167.55. The company’s stock had a trading volume of 2,880,993 shares, compared to its average volume of 797,931. The stock has a market cap of $17.31 billion, a PE ratio of 24.04, a P/E/G ratio of 1.62 and a beta of 1.11. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. J.B. Hunt Transport Services has a 52 week low of $160.07 and a 52 week high of $219.51. The company’s fifty day moving average price is $200.81 and its two-hundred day moving average price is $193.34.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Thursday, January 18th. The transportation company reported $1.47 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 the consensus estimate of $3.29 billion. During the same quarter in the prior year, the company earned $1.92 earnings per share. The company’s quarterly revenue was down 9.6% compared to the same quarter last year. On average, analysts predict that J.B. Hunt Transport Services will post 7.61 earnings per share for the current fiscal year.

Insider Buying and Selling

In other 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 bought at an average cost of $202.99 per share, with a total value of $1,014,950.00. Following the acquisition, the director now owns 5,000 shares of the company’s stock, valued at approximately $1,014,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP David Keefauver sold 978 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $205.06, for a total value of $200,548.68. Following the completion of the transaction, the executive vice president now directly owns 1,119 shares of the company’s stock, valued at $229,462.14. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Patrick J. Ottensmeyer purchased 5,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was bought at an average price of $202.99 per share, with a total value of $1,014,950.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, 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. 2.10% of the stock is owned by corporate insiders.

Institutional Trading of J.B. Hunt Transport Services

A number of institutional investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC lifted its position in shares of J.B. Hunt Transport Services by 4.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,324 shares of the transportation company’s stock worth $662,000 after purchasing an additional 128 shares during the last quarter. Disciplined Investments LLC raised its holdings in shares of J.B. Hunt Transport Services by 1.4% in the first quarter. Disciplined Investments LLC now owns 29,067 shares of the transportation company’s stock valued at $5,791,000 after acquiring an additional 412 shares in the last quarter. Gateway Investment Advisers LLC raised its holdings in shares of J.B. Hunt Transport Services by 1.3% in the first quarter. Gateway Investment Advisers LLC now owns 45,905 shares of the transportation company’s stock valued at $9,147,000 after acquiring an additional 590 shares in the last quarter. Lloyd Advisory Services LLC. bought a new stake in shares of J.B. Hunt Transport Services in the first quarter valued at about $1,473,000. Finally, Running Oak Capital LLC raised its holdings in shares of J.B. Hunt Transport Services by 13.0% in the first quarter. Running Oak Capital LLC now owns 50,958 shares of the transportation company’s stock valued at $10,153,000 after acquiring an additional 5,847 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors.

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.