J.B. Hunt Transport Services (NASDAQ:JBHT) PT Lowered to $183.00 at Evercore ISI

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price decreased by stock analysts at Evercore ISI from $185.00 to $183.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the transportation company’s stock. Evercore ISI’s target price indicates a potential upside of 11.23% from the company’s previous close.

Several other brokerages have also weighed in on JBHT. JPMorgan Chase & Co. lowered their target price on shares of J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. Barclays dropped their price objective on J.B. Hunt Transport Services from $170.00 to $160.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 17th. Loop Capital decreased their target price on J.B. Hunt Transport Services from $177.00 to $173.00 and set a “hold” rating on the stock in a research report on Thursday, July 18th. BMO Capital Markets reissued an “outperform” rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a report on Tuesday, September 24th. Finally, Wells Fargo & Company started coverage on shares of J.B. Hunt Transport Services in a research report on Friday, June 7th. They issued an “overweight” rating and a $185.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $182.06.

J.B. Hunt Transport Services Stock Down 1.3 %

JBHT opened at $164.52 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.21 and a quick ratio of 1.21. J.B. Hunt Transport Services has a 12 month low of $153.12 and a 12 month high of $219.51. The stock has a market capitalization of $16.98 billion, a P/E ratio of 26.11, a P/E/G ratio of 2.86 and a beta of 1.15. The business has a 50 day simple moving average of $169.89 and a 200-day simple moving average of $169.55.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Tuesday, July 16th. The transportation company reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.19). J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same period last year, the business posted $1.81 EPS. J.B. Hunt Transport Services’s revenue was down 6.5% compared to the same quarter last year. On average, equities analysts anticipate that J.B. Hunt Transport Services will post 5.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, Director Persio V. Lisboa acquired 600 shares of the stock in a transaction dated Friday, July 19th. The stock was acquired at an average price of $163.47 per share, with a total value of $98,082.00. Following the completion of the transaction, the director now directly owns 3,594 shares in the company, valued at approximately $587,511.18. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the transaction, the executive vice president now owns 14,150 shares of the company’s stock, valued at $2,476,674.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Persio V. Lisboa acquired 600 shares of the stock in a transaction dated Friday, July 19th. The shares were bought at an average cost of $163.47 per share, with a total value of $98,082.00. Following the completion of the purchase, the director now directly owns 3,594 shares in the company, valued at approximately $587,511.18. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. increased its stake in J.B. Hunt Transport Services by 2,722.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 545,042 shares of the transportation company’s stock worth $108,600,000 after acquiring an additional 525,729 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of J.B. Hunt Transport Services by 25.5% during the second quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock worth $152,589,000 after purchasing an additional 193,684 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of J.B. Hunt Transport Services by 282.8% in the second quarter. AQR Capital Management LLC now owns 173,637 shares of the transportation company’s stock worth $27,740,000 after buying an additional 128,283 shares during the period. Legacy Capital Wealth Partners LLC acquired a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at about $19,755,000. Finally, FIL Ltd raised its holdings in shares of J.B. Hunt Transport Services by 15.7% during the 4th quarter. FIL Ltd now owns 887,836 shares of the transportation company’s stock valued at $177,336,000 after buying an additional 120,202 shares during the period. 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.