Susquehanna Trims J.B. Hunt Transport Services (NASDAQ:JBHT) Target Price to $185.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price decreased by equities researchers at Susquehanna from $195.00 to $185.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price target would indicate a potential upside of 10.03% from the company’s current price.

A number of other research analysts also recently weighed in on the stock. UBS Group lowered their price objective 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. StockNews.com downgraded shares of J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a research report on Friday, March 8th. Benchmark reiterated a “buy” rating and issued a $215.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, March 13th. Stephens decreased their price target on shares of J.B. Hunt Transport Services from $210.00 to $192.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, JPMorgan Chase & Co. decreased their price target on shares of J.B. Hunt Transport Services from $220.00 to $212.00 and set an “overweight” rating on the stock in a research report on Thursday, December 21st. One equities 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $197.39.

J.B. Hunt Transport Services Stock Down 8.1 %

Shares of NASDAQ:JBHT traded down $14.86 during trading on Wednesday, reaching $168.13. 3,720,800 shares of the stock traded hands, compared to its average volume of 803,560. The stock has a 50-day moving average of $200.81 and a two-hundred day moving average of $193.34. J.B. Hunt Transport Services has a 52-week low of $160.07 and a 52-week high of $219.51. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.15 and a current ratio of 1.17. The stock has a market cap of $17.37 billion, a P/E ratio of 24.04, a price-to-earnings-growth ratio of 1.62 and a beta of 1.11.

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 analysts’ consensus estimates of $1.74 by ($0.27). The company 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% on a year-over-year basis. During the same quarter last year, the company earned $1.92 EPS. As a group, sell-side analysts expect that J.B. Hunt Transport Services will post 7.61 earnings per share for the current fiscal year.

Insider Activity at J.B. Hunt Transport Services

In related news, CFO John Kuhlow sold 3,500 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $213.00, for a total transaction of $745,500.00. Following the completion of the transaction, the chief financial officer now directly owns 10,537 shares of the company’s stock, valued at $2,244,381. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other J.B. Hunt Transport Services news, Chairman James K. Thompson sold 4,000 shares of J.B. Hunt Transport Services stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $206.48, for a total value of $825,920.00. Following the completion of the transaction, the chairman now directly owns 28,259 shares of the company’s stock, valued at approximately $5,834,918.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO John Kuhlow sold 3,500 shares of J.B. Hunt Transport Services stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 10,537 shares of the company’s stock, valued at $2,244,381. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,432 shares of company stock valued at $4,309,687. Corporate insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On J.B. Hunt Transport Services

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of J.B. Hunt Transport Services by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 9,744,668 shares of the transportation company’s stock worth $1,946,400,000 after buying an additional 80,123 shares in the last quarter. BlackRock Inc. grew its stake in shares of J.B. Hunt Transport Services by 6.8% in the 1st quarter. BlackRock Inc. now owns 6,714,693 shares of the transportation company’s stock worth $1,178,160,000 after buying an additional 429,256 shares in the last quarter. Morgan Stanley grew its stake in shares of J.B. Hunt Transport Services by 269.1% in the 4th quarter. Morgan Stanley now owns 2,371,613 shares of the transportation company’s stock worth $413,514,000 after buying an additional 1,728,989 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of J.B. Hunt Transport Services by 3.0% in the 4th quarter. Victory Capital Management Inc. now owns 2,168,748 shares of the transportation company’s stock worth $433,186,000 after buying an additional 62,313 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of J.B. Hunt Transport Services by 184.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,154,757 shares of the transportation company’s stock worth $406,215,000 after acquiring an additional 1,397,651 shares during the last quarter. 74.95% of the stock is owned by hedge funds and other 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.