Susquehanna Lowers J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $185.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target reduced by equities research analysts at Susquehanna from $195.00 to $185.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price objective would indicate a potential upside of 12.67% from the stock’s previous close.

Several other analysts also recently weighed in on JBHT. Stephens decreased their target price on J.B. Hunt Transport Services from $210.00 to $192.00 and set an “overweight” rating for the company in a research report on Wednesday. StockNews.com lowered J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a research note on Friday, March 8th. Stifel Nicolaus cut their price target on J.B. Hunt Transport Services from $188.00 to $173.00 and set a “hold” rating on the stock in a research note on Wednesday. Benchmark restated a “buy” rating and set a $215.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, March 13th. Finally, Evercore ISI cut their price target on 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. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $194.56.

J.B. Hunt Transport Services Stock Down 2.3 %

Shares of JBHT opened at $164.20 on Wednesday. J.B. Hunt Transport Services has a 52-week low of $160.07 and a 52-week high of $219.51. The company has a market cap of $16.96 billion, a PE ratio of 26.06, a P/E/G ratio of 1.61 and a beta of 1.11. The business has a fifty day moving average of $198.90 and a 200 day moving average of $192.97. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.32.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results 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 16.40% and a net margin of 5.25%. The business had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter last year, the business posted $1.92 earnings per share. The firm’s revenue for the quarter was down 9.6% compared to the same quarter last year. On average, sell-side analysts expect that J.B. Hunt Transport Services will post 7.57 EPS for the current year.

Insider Buying and Selling

In related news, EVP David Keefauver sold 978 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 1,119 shares in the company, valued at approximately $229,462.14. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, EVP David Keefauver sold 978 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $205.06, for a total transaction of $200,548.68. Following the sale, the executive vice president now owns 1,119 shares of the company’s stock, valued at approximately $229,462.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John Kuhlow sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $213.00, for a total transaction of $745,500.00. Following the sale, the chief financial officer now directly owns 10,537 shares in the company, valued at approximately $2,244,381. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,432 shares of company stock worth $4,309,687. 2.10% of the stock is owned by company insiders.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of J.B. Hunt Transport Services by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 9,744,668 shares of the transportation company’s stock valued at $1,946,400,000 after buying an additional 80,123 shares in the last quarter. BlackRock Inc. lifted its position in shares of 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 valued at $1,178,160,000 after buying an additional 429,256 shares in the last quarter. Morgan Stanley lifted its position in shares of 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 valued at $413,514,000 after buying an additional 1,728,989 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of J.B. Hunt Transport Services by 3.0% during the 4th quarter. Victory Capital Management Inc. now owns 2,168,748 shares of the transportation company’s stock valued at $433,186,000 after buying an additional 62,313 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of J.B. Hunt Transport Services by 184.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,154,757 shares of the transportation company’s stock valued at $406,215,000 after buying an additional 1,397,651 shares in the last quarter. 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.