Stephens Lowers J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $192.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective dropped by stock analysts at Stephens from $210.00 to $192.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. Stephens’ price objective suggests a potential upside of 14.20% from the company’s current price.

Other analysts also recently issued research reports about the company. StockNews.com downgraded J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a research note on Friday, March 8th. Robert W. Baird reaffirmed an “outperform” rating and issued a $215.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday, January 19th. Barclays downgraded J.B. Hunt Transport Services from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $215.00 to $200.00 in a research note on Monday, April 1st. UBS Group reduced their price objective on J.B. Hunt Transport Services from $234.00 to $211.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Raymond James lifted their price objective on J.B. Hunt Transport Services from $200.00 to $209.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $197.39.

J.B. Hunt Transport Services Price Performance

JBHT traded down $14.86 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’s 50 day simple moving average is $200.81 and its 200-day simple moving average is $193.34. The firm has a market cap of $17.37 billion, a price-to-earnings ratio of 24.04, a P/E/G ratio of 1.62 and a beta of 1.11. J.B. Hunt Transport Services has a one year low of $160.07 and a one year high of $219.51. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Thursday, January 18th. The transportation company reported $1.47 earnings per share (EPS) 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%. The firm’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same period last year, the business posted $1.92 EPS. As a group, research analysts anticipate that J.B. Hunt Transport Services will post 7.61 EPS for the current year.

Insider Transactions at J.B. Hunt Transport Services

In related news, Director Patrick J. Ottensmeyer bought 5,000 shares of the company’s 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 acquisition, the director now owns 5,000 shares in the company, valued at $1,014,950. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In other J.B. Hunt Transport Services news, Director Patrick J. Ottensmeyer acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was bought at an average price of $202.99 per share, for a total transaction of $1,014,950.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at $1,014,950. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction, the senior vice president now owns 8,235 shares of the company’s stock, valued at approximately $1,744,090.65. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,432 shares of company stock worth $4,309,687. 2.10% of the stock is currently owned by company insiders.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. Clear Street Markets LLC raised its position in J.B. Hunt Transport Services by 94.0% during the 1st quarter. Clear Street Markets LLC now owns 161 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 78 shares in the last quarter. VisionPoint Advisory Group LLC raised its position in shares of J.B. Hunt Transport Services by 104.8% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock worth $32,000 after acquiring an additional 87 shares in the last quarter. Salem Investment Counselors Inc. raised its position in shares of J.B. Hunt Transport Services by 69.1% in the 2nd quarter. Salem Investment Counselors Inc. now owns 208 shares of the transportation company’s stock worth $33,000 after acquiring an additional 85 shares in the last quarter. Operose Advisors LLC bought a new position in shares of J.B. Hunt Transport Services in the 3rd quarter worth $34,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in J.B. Hunt Transport Services during the 3rd quarter valued at about $36,000. 74.95% of the stock is owned by institutional investors.

About J.B. Hunt Transport Services

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.