J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Cut to $199.00 by Analysts at Evercore ISI

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective trimmed by Evercore ISI from $218.00 to $199.00 in a report published on Wednesday morning, Benzinga reports. The firm currently has an outperform rating on the transportation company’s stock.

Several other research analysts have also weighed in on JBHT. UBS Group upgraded J.B. Hunt Transport Services from a neutral rating to a buy rating and increased their price objective for the stock from $205.00 to $234.00 in a research report on Monday, January 22nd. Robert W. Baird restated an outperform rating and set a $215.00 price target on shares of J.B. Hunt Transport Services in a research report on Friday, January 19th. Stifel Nicolaus restated a hold rating and set a $188.00 price target on shares of J.B. Hunt Transport Services in a research report on Friday, January 19th. TD Cowen lowered their price target on J.B. Hunt Transport Services from $193.00 to $181.00 and set a hold rating for the company in a research report on Wednesday. Finally, Stephens lowered their price target on J.B. Hunt Transport Services from $212.00 to $210.00 and set an overweight rating for the company in a research report on Thursday, April 4th. 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 company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $197.39.

J.B. Hunt Transport Services Trading Down 8.1 %

Shares of J.B. Hunt Transport Services stock opened at $168.13 on Wednesday. The firm has a market capitalization of $17.37 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 1.61 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 quick ratio of 1.15 and a current ratio of 1.17. The stock has a 50 day moving average of $199.89 and a 200 day moving average of $193.17.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Tuesday, April 16th. The transportation company reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.31). The business had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $3.12 billion. J.B. Hunt Transport Services had a return on equity of 16.40% and a net margin of 5.25%. As a group, research analysts predict that J.B. Hunt Transport Services will post 7.57 earnings per share for the current year.

Insider Activity

In other J.B. Hunt Transport Services news, SVP Kevin Bracy sold 754 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $211.79, for a total value of $159,689.66. Following the sale, the senior vice president now directly owns 8,235 shares in the company, valued at $1,744,090.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other J.B. Hunt Transport Services news, insider Alfred C. Harper sold 6,500 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $212.71, for a total value of $1,382,615.00. Following the sale, the insider now directly owns 42,411 shares in the company, valued at $9,021,243.81. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Kevin Bracy sold 754 shares of the firm’s stock in a transaction on 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 owns 8,235 shares in the company, valued at $1,744,090.65. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,432 shares of company stock worth $4,309,687. Corporate insiders own 2.10% of the company’s stock.

Institutional Trading of J.B. Hunt Transport Services

Hedge funds and other institutional investors have recently made changes to their positions in the company. Clear Street Markets LLC increased its position in shares of 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 purchasing an additional 78 shares in the last quarter. VisionPoint Advisory Group LLC increased its position in shares of 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 purchasing an additional 87 shares in the last quarter. Operose Advisors LLC acquired a new stake in shares of J.B. Hunt Transport Services during the third quarter worth about $34,000. VitalStone Financial LLC acquired a new stake in shares of J.B. Hunt Transport Services during the first quarter worth about $38,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of J.B. Hunt Transport Services during the third quarter worth about $36,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

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.