BMO Capital Markets Lowers J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $200.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target reduced by BMO Capital Markets from $218.00 to $200.00 in a research report sent to investors on Thursday, Benzinga reports. They currently have an outperform rating on the transportation company’s stock.

JBHT has been the subject of a number of other reports. UBS Group cut their price objective on J.B. Hunt Transport Services from $234.00 to $211.00 and set a buy rating for the company in a research report on Wednesday. Susquehanna lowered their target price on shares of J.B. Hunt Transport Services from $195.00 to $185.00 and set a neutral rating for the company in a research note on Wednesday. TD Cowen reduced their price target on shares of J.B. Hunt Transport Services from $193.00 to $181.00 and set a hold rating on the stock in a research note on Wednesday. Robert W. Baird lowered their price objective on shares of J.B. Hunt Transport Services from $215.00 to $205.00 and set an outperform rating for the company in a research report on Wednesday. Finally, JPMorgan Chase & Co. dropped their target price on shares of J.B. Hunt Transport Services from $220.00 to $212.00 and set an overweight rating for the company in a report on Thursday, December 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $194.56.

J.B. Hunt Transport Services Stock Down 2.3 %

Shares of NASDAQ JBHT opened at $164.20 on Thursday. The company has a market capitalization of $16.96 billion, a P/E ratio of 26.06, a P/E/G ratio of 1.48 and a beta of 1.11. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.26 and a quick ratio of 1.15. The company has a 50 day simple moving average of $198.90 and a 200-day simple moving average of $192.97. J.B. Hunt Transport Services has a 1 year low of $160.07 and a 1 year high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Thursday, January 18th. The transportation company reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.27). J.B. Hunt Transport Services had a return on equity of 16.25% and a net margin of 5.25%. The business had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.29 billion. During the same quarter in the previous year, the company posted $1.92 earnings per share. The company’s revenue was down 9.6% on a year-over-year basis. On average, equities research analysts predict that J.B. Hunt Transport Services will post 7.57 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Patrick J. Ottensmeyer purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was bought at an average price of $202.99 per share, for a total transaction of $1,014,950.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $1,014,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other J.B. Hunt Transport Services news, Director Patrick J. Ottensmeyer purchased 5,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were bought at an average cost of $202.99 per share, for a total transaction of $1,014,950.00. Following the completion of the purchase, the director now directly owns 5,000 shares in the company, valued at $1,014,950. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Alfred C. Harper sold 6,500 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $212.71, for a total value of $1,382,615.00. Following the sale, the insider now directly owns 42,411 shares of the company’s stock, valued at $9,021,243.81. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,432 shares of company stock worth $4,309,687. Company insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On J.B. Hunt Transport Services

Several hedge funds have recently added to or reduced their stakes in JBHT. Morgan Stanley raised its stake in J.B. Hunt Transport Services by 269.1% during the 4th quarter. Morgan Stanley now owns 2,371,613 shares of the transportation company’s stock worth $413,514,000 after acquiring an additional 1,728,989 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of J.B. Hunt Transport Services by 184.6% during the third quarter. JPMorgan Chase & Co. now owns 2,154,757 shares of the transportation company’s stock worth $406,215,000 after purchasing 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% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 983,703 shares of the transportation company’s stock valued at $196,485,000 after purchasing an additional 971,124 shares during the last quarter. Norges Bank acquired a new stake in shares of J.B. Hunt Transport Services in the 4th quarter valued at about $185,299,000. Finally, BlackRock Inc. grew its stake in J.B. Hunt Transport Services by 6.8% during the 1st quarter. BlackRock Inc. now owns 6,714,693 shares of the transportation company’s stock worth $1,178,160,000 after buying an additional 429,256 shares during the last quarter. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

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.