J.B. Hunt Transport Services (NASDAQ:JBHT) PT Lowered to $173.00 at Stifel Nicolaus

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price dropped by investment analysts at Stifel Nicolaus from $188.00 to $173.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ price target suggests a potential upside of 2.90% from the stock’s current price.

A number of other equities analysts have also commented on JBHT. StockNews.com lowered shares of J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a research report on Friday, March 8th. Susquehanna dropped their price target on shares of J.B. Hunt Transport Services from $200.00 to $195.00 and set a “neutral” rating on the stock in a research report on Monday, March 25th. UBS Group dropped their price target on shares of J.B. Hunt Transport Services from $234.00 to $211.00 and set a “buy” rating on the stock in a research report on Wednesday. Stephens dropped their price target on shares of J.B. Hunt Transport Services from $212.00 to $210.00 and set an “overweight” rating on the stock in a research report on Thursday, April 4th. Finally, TD Cowen dropped their price target on shares of J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $197.39.

J.B. Hunt Transport Services Stock Down 8.1 %

JBHT traded down $14.86 during midday trading on Wednesday, hitting $168.13. 3,720,800 shares of the company’s stock traded hands, compared to its average volume of 803,560. The company has a market cap of $17.37 billion, a PE ratio of 24.04, a price-to-earnings-growth ratio of 1.62 and a beta of 1.11. The stock’s fifty day simple moving average is $200.81 and its 200-day simple moving average is $193.34. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.15. J.B. Hunt Transport Services has a one year low of $160.07 and a one year high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data 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). The business had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.29 billion. J.B. Hunt Transport Services had a net margin of 5.68% and a return on equity of 18.40%. J.B. Hunt Transport Services’s revenue was down 9.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.92 EPS. As a group, equities analysts anticipate that J.B. Hunt Transport Services will post 7.61 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Patrick J. Ottensmeyer bought 5,000 shares of J.B. Hunt Transport Services stock in a transaction dated Monday, March 4th. The shares were bought at an average price of $202.99 per share, for a total transaction of $1,014,950.00. Following the purchase, the director now owns 5,000 shares of the company’s stock, valued at $1,014,950. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Kevin Bracy sold 754 shares of the business’s 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 owns 8,235 shares in the company, valued at approximately $1,744,090.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Patrick J. Ottensmeyer bought 5,000 shares of J.B. Hunt Transport Services stock in a transaction dated Monday, March 4th. The stock was purchased at an average price of $202.99 per share, for a total transaction of $1,014,950.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $1,014,950. The disclosure for this purchase can be found here. Insiders have sold 20,432 shares of company stock worth $4,309,687 over the last 90 days. Corporate insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in JBHT. Morgan Stanley raised its holdings in shares of J.B. Hunt Transport Services by 269.1% in the fourth 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 during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of J.B. Hunt Transport Services by 184.6% in the third 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 during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of J.B. Hunt Transport Services by 7,720.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 983,703 shares of the transportation company’s stock valued at $196,485,000 after buying an additional 971,124 shares during the last quarter. Norges Bank bought a new position in shares of J.B. Hunt Transport Services in the fourth quarter valued at about $185,299,000. Finally, BlackRock Inc. raised its holdings in shares of J.B. Hunt Transport Services by 6.8% in the first 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 during the last quarter. 74.95% of the stock is owned by 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.