J.B. Hunt Transport Services (NASDAQ:JBHT) PT Lowered to $181.00 at TD Cowen

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price reduced by equities research analysts at TD Cowen from $193.00 to $181.00 in a report released on Wednesday, Marketbeat.com reports. The brokerage currently has a “hold” rating on the transportation company’s stock. TD Cowen’s price objective would suggest a potential upside of 7.40% from the company’s current price.

A number of other research analysts have also recently commented on JBHT. StockNews.com cut J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a research note on Friday, March 8th. Stephens dropped their price objective on J.B. Hunt Transport Services from $212.00 to $210.00 and set an “overweight” rating on the stock in a report on Thursday, April 4th. Stifel Nicolaus reaffirmed a “hold” rating and set a $188.00 price objective on shares of J.B. Hunt Transport Services in a report on Friday, January 19th. UBS Group raised J.B. Hunt Transport Services from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $205.00 to $234.00 in a report on Monday, January 22nd. Finally, Raymond James increased their target price on shares of 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 research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and an average target price of $197.39.

J.B. Hunt Transport Services Stock Performance

JBHT stock traded down $14.46 during midday trading on Wednesday, reaching $168.53. The stock had a trading volume of 3,051,135 shares, compared to its average volume of 800,591. The stock has a market cap of $17.41 billion, a PE ratio of 24.04, a P/E/G ratio of 1.62 and a beta of 1.11. 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 firm has a fifty day simple moving average of $200.81 and a two-hundred day simple 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.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released 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 analysts’ expectations 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 business’s quarterly revenue was down 9.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.92 EPS. As a group, equities research analysts anticipate that J.B. Hunt Transport Services will post 7.61 EPS for the current year.

Insider Activity

In other J.B. Hunt Transport Services news, Director Patrick J. Ottensmeyer acquired 5,000 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was acquired at an average cost of $202.99 per share, with a total value 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 acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, SVP Kevin Bracy sold 754 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $211.79, for a total transaction of $159,689.66. Following the completion of the transaction, the senior vice president now directly owns 8,235 shares of the company’s stock, valued at approximately $1,744,090.65. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Patrick J. Ottensmeyer acquired 5,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were acquired at an average cost of $202.99 per share, with a total value of $1,014,950.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at $1,014,950. The disclosure for this purchase can be found here. In the last three months, insiders sold 20,432 shares of company stock worth $4,309,687. Company insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Clear Street Markets LLC lifted its stake in shares of 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 worth $28,000 after purchasing an additional 78 shares during the period. VisionPoint Advisory Group LLC increased its stake in J.B. Hunt Transport Services by 104.8% in the third quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 87 shares during the last quarter. Salem Investment Counselors Inc. increased its stake in J.B. Hunt Transport Services by 69.1% in the second quarter. Salem Investment Counselors Inc. now owns 208 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 85 shares during the last quarter. Operose Advisors LLC acquired a new position in J.B. Hunt Transport Services in the third quarter valued at $34,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in J.B. Hunt Transport Services in the third quarter valued at $36,000. 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.