J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Cut to $190.00 by Analysts at Raymond James

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price trimmed by Raymond James from $200.00 to $190.00 in a research note published on Tuesday,Benzinga reports. The brokerage currently has an outperform rating on the transportation company’s stock.

Several other equities analysts also recently weighed in on JBHT. Susquehanna upgraded shares of J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 target price for the company in a report on Friday, January 3rd. Stephens reissued an “overweight” rating and set a $205.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday, January 17th. Stifel Nicolaus reduced their target price on J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating on the stock in a research note on Wednesday, January 15th. Evercore ISI dropped their price target on J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. reduced their price objective on J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $191.11.

J.B. Hunt Transport Services Trading Down 2.6 %

NASDAQ JBHT opened at $170.28 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average price of $178.65 and a 200 day moving average price of $174.25. J.B. Hunt Transport Services has a 52-week low of $153.12 and a 52-week high of $219.51. The stock has a market capitalization of $17.17 billion, a P/E ratio of 30.63, a P/E/G ratio of 1.58 and a beta of 1.16.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.09). The company had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.13 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. J.B. Hunt Transport Services’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.47 earnings per share. Equities research analysts expect that J.B. Hunt Transport Services will post 6.71 EPS for the current year.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, Director James K. Thompson sold 4,400 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total transaction of $771,628.00. Following the completion of the sale, the director now directly owns 23,559 shares in the company, valued at $4,131,541.83. The trade was a 15.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Spencer Frazier sold 2,200 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total transaction of $427,262.00. Following the completion of the transaction, the executive vice president now directly owns 4,050 shares in the company, valued at approximately $786,550.50. This represents a 35.20 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,859 shares of company stock valued at $2,907,905. Company insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. New Wave Wealth Advisors LLC boosted its position in shares of J.B. Hunt Transport Services by 4.0% in the fourth quarter. New Wave Wealth Advisors LLC now owns 14,729 shares of the transportation company’s stock worth $2,514,000 after buying an additional 566 shares during the period. Calton & Associates Inc. acquired a new stake in J.B. Hunt Transport Services in the fourth quarter valued at approximately $232,000. Forsta AP Fonden raised its stake in shares of J.B. Hunt Transport Services by 2.5% during the fourth quarter. Forsta AP Fonden now owns 16,300 shares of the transportation company’s stock valued at $2,782,000 after purchasing an additional 400 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in shares of J.B. Hunt Transport Services by 56.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 8,394 shares of the transportation company’s stock worth $1,433,000 after purchasing an additional 3,041 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of J.B. Hunt Transport Services by 14.7% in the fourth quarter. Pacer Advisors Inc. now owns 7,053 shares of the transportation company’s stock valued at $1,204,000 after purchasing an additional 902 shares during the period. 74.95% of the stock is owned by hedge funds and other institutional investors.

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.