J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Lowered to $173.00 at Stifel Nicolaus

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective lowered by Stifel Nicolaus from $188.00 to $173.00 in a report released on Wednesday, Benzinga reports. The firm currently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 5.36% from the stock’s previous close.

Several other research analysts also recently commented on the stock. Evercore ISI decreased their price target on shares of J.B. Hunt Transport Services from $218.00 to $199.00 and set an “outperform” rating on the stock in a research note on Wednesday. TD Cowen decreased 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. Stephens decreased their price target on shares of 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. Robert W. Baird reissued an “outperform” rating and set a $215.00 price target on shares of J.B. Hunt Transport Services in a research note on Friday, January 19th. Finally, Susquehanna decreased their price target on shares of 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. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $194.56.

J.B. Hunt Transport Services Trading Down 2.3 %

Shares of JBHT opened at $164.20 on Wednesday. The firm’s 50 day simple moving average is $198.90 and its 200 day simple moving average is $192.97. 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. 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 announced its earnings results on Thursday, January 18th. The transportation company reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.27). The company had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.29 billion. J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.25%. The company’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.92 earnings per share. Sell-side analysts forecast that J.B. Hunt Transport Services will post 7.57 earnings per share for the current fiscal year.

Insider Activity at J.B. Hunt Transport Services

In related news, Director Patrick J. Ottensmeyer purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were acquired at an average price of $202.99 per share, for a total transaction of $1,014,950.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $1,014,950. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other J.B. Hunt Transport Services news, Director Patrick J. Ottensmeyer bought 5,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were purchased at an average price of $202.99 per share, for a total transaction of $1,014,950.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at approximately $1,014,950. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CFO John Kuhlow sold 3,500 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $213.00, for a total transaction of $745,500.00. Following the sale, the chief financial officer now owns 10,537 shares in the company, valued at approximately $2,244,381. The disclosure for this sale can be found here. Insiders have sold a total of 20,432 shares of company stock worth $4,309,687 over the last quarter. Corporate insiders own 2.10% of the company’s stock.

Institutional Trading of J.B. Hunt Transport Services

A number of hedge funds have recently modified their holdings of the business. Hexagon Capital Partners LLC boosted its holdings in shares of J.B. Hunt Transport Services by 0.4% during the 1st quarter. Hexagon Capital Partners LLC now owns 379,243 shares of the transportation company’s stock valued at $75,564,000 after buying an additional 1,522 shares in the last quarter. SteelPeak Wealth LLC bought a new position in J.B. Hunt Transport Services in the 1st quarter worth about $502,000. Wealth Enhancement Advisory Services LLC boosted its stake in J.B. Hunt Transport Services by 4.0% in the 1st 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 in the last quarter. Disciplined Investments LLC boosted its stake in J.B. Hunt Transport Services by 1.4% in the 1st quarter. Disciplined Investments LLC now owns 29,067 shares of the transportation company’s stock worth $5,791,000 after purchasing an additional 412 shares in the last quarter. Finally, Gateway Investment Advisers LLC boosted its stake in J.B. Hunt Transport Services by 1.3% in the 1st quarter. Gateway Investment Advisers LLC now owns 45,905 shares of the transportation company’s stock worth $9,147,000 after purchasing an additional 590 shares in the last quarter. Institutional investors 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.