J.B. Hunt Transport Services (NASDAQ:JBHT) Reaches New 12-Month Low on Analyst Downgrade

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) shares hit a new 52-week low during trading on Wednesday after Loop Capital lowered their price target on the stock from $200.00 to $177.00. Loop Capital currently has a hold rating on the stock. J.B. Hunt Transport Services traded as low as $160.07 and last traded at $169.52, with a volume of 903467 shares changing hands. The stock had previously closed at $182.99.

A number of other analysts also recently commented on the company. BMO Capital Markets decreased their price target on J.B. Hunt Transport Services from $218.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday. Bank of America decreased their price target on J.B. Hunt Transport Services from $215.00 to $199.00 and set a “buy” rating for the company in a research report on Wednesday. Benchmark reissued a “buy” rating and issued a $215.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday. Stifel Nicolaus decreased their target price on J.B. Hunt Transport Services from $188.00 to $173.00 and set a “hold” rating for the company in a research report on Wednesday. Finally, Evercore ISI decreased their target price on J.B. Hunt Transport Services from $218.00 to $199.00 and set an “outperform” rating for the company in a research report on Wednesday. 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 has a consensus rating of “Moderate Buy” and a consensus target price of $194.56.

Insider Activity

In other news, EVP David Keefauver sold 978 shares of J.B. Hunt Transport Services stock in a transaction on Tuesday, January 23rd. The stock was 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 in the company, valued at $229,462.14. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP David Keefauver sold 978 shares of J.B. Hunt Transport Services stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $205.06, for a total transaction of $200,548.68. Following the completion of the sale, the executive vice president now owns 1,119 shares of the company’s stock, valued at $229,462.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Kevin Bracy sold 754 shares of J.B. Hunt Transport Services 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 sale, the senior vice president now directly owns 8,235 shares of the company’s stock, valued at approximately $1,744,090.65. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,432 shares of company stock worth $4,309,687. 2.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On J.B. Hunt Transport Services

Several large investors have recently added to or reduced their stakes in JBHT. Clear Street Markets LLC boosted its stake 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 valued at $28,000 after buying an additional 78 shares during the period. VisionPoint Advisory Group LLC boosted its stake 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 valued at $32,000 after buying an additional 87 shares during the period. Salem Investment Counselors Inc. boosted its stake 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 buying an additional 85 shares during the period. Operose Advisors LLC bought a new stake in J.B. Hunt Transport Services during the third quarter worth about $34,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in J.B. Hunt Transport Services during the third quarter worth about $36,000. Institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

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. The stock has a market cap of $16.96 billion, a P/E ratio of 26.06, a price-to-earnings-growth ratio of 1.48 and a beta of 1.11.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Thursday, January 18th. The transportation company reported $1.47 earnings per share (EPS) 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 firm had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same period last year, the firm earned $1.92 EPS. The company’s revenue for the quarter was down 9.6% on a year-over-year basis. On average, equities analysts expect that J.B. Hunt Transport Services, Inc. will post 7.57 earnings per share for the current fiscal year.

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.