Loop Capital Lowers J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $177.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target lowered by investment analysts at Loop Capital from $200.00 to $177.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “hold” rating on the transportation company’s stock. Loop Capital’s price target points to a potential upside of 5.80% from the stock’s current price.

Several other research firms also recently weighed in on JBHT. Barclays reduced their target price on J.B. Hunt Transport Services from $200.00 to $170.00 and set an “equal weight” rating for the company in a report on Wednesday. StockNews.com downgraded J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a report on Friday, March 8th. Stephens reduced 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 report on Wednesday. BMO Capital Markets reduced their target price on J.B. Hunt Transport Services from $218.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Susquehanna reduced their target price on J.B. Hunt Transport Services from $195.00 to $185.00 and set a “neutral” rating for the company in a report on Wednesday. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and an average price target of $194.56.

J.B. Hunt Transport Services Stock Up 1.9 %

Shares of NASDAQ JBHT opened at $167.30 on Thursday. The company has a market capitalization of $17.28 billion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth 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 business has a 50-day moving average of $197.94 and a two-hundred day moving average of $192.83. 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 quarterly earnings results on Thursday, January 18th. The transportation company reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.29 billion. During the same period last year, the firm earned $1.92 earnings per share. The firm’s quarterly revenue was down 9.6% on a year-over-year basis. On average, analysts forecast that J.B. Hunt Transport Services will post 7.57 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, CFO John Kuhlow sold 3,500 shares of the business’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 transaction, the chief financial officer now owns 10,537 shares in the company, valued at approximately $2,244,381. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP David Keefauver sold 978 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now owns 1,119 shares in the company, valued at approximately $229,462.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO John Kuhlow sold 3,500 shares of the company’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 value of $745,500.00. Following the completion of 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. In the last 90 days, insiders have sold 20,432 shares of company stock worth $4,309,687. Company insiders own 2.10% of the company’s stock.

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

A number of institutional investors and hedge funds have recently modified their holdings of the company. Steward Partners Investment Advisory LLC grew its holdings in shares of J.B. Hunt Transport Services by 7.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 825 shares of the transportation company’s stock worth $165,000 after acquiring an additional 54 shares during the period. Mackenzie Financial Corp lifted its stake in J.B. Hunt Transport Services by 0.9% in the 1st quarter. Mackenzie Financial Corp now owns 6,297 shares of the transportation company’s stock valued at $1,264,000 after buying an additional 56 shares in the last quarter. Drive Wealth Management LLC lifted its stake in J.B. Hunt Transport Services by 3.5% in the 4th quarter. Drive Wealth Management LLC now owns 1,696 shares of the transportation company’s stock valued at $339,000 after buying an additional 57 shares in the last quarter. Garrison Asset Management LLC lifted its stake in J.B. Hunt Transport Services by 0.4% in the 3rd quarter. Garrison Asset Management LLC now owns 13,432 shares of the transportation company’s stock valued at $2,532,000 after buying an additional 59 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its stake in J.B. Hunt Transport Services by 0.5% in the 1st quarter. Yousif Capital Management LLC now owns 13,252 shares of the transportation company’s stock valued at $2,661,000 after buying an additional 60 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.