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

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target decreased by stock analysts at Stephens from $210.00 to $192.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the transportation company’s stock. Stephens’ price target would indicate a potential upside of 14.20% from the company’s previous close.

A number of other equities research analysts have also recently commented on JBHT. Robert W. Baird reiterated an “outperform” rating and set a $215.00 target price on shares of J.B. Hunt Transport Services in a report on Friday, January 19th. Susquehanna cut their target price on 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. TD Cowen cut their target price on 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. Raymond James raised their price objective on J.B. Hunt Transport Services from $200.00 to $209.00 and gave the company an “outperform” rating in a research report on Tuesday, January 16th. Finally, StockNews.com lowered J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a research report on Friday, March 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $197.39.

J.B. Hunt Transport Services Stock Performance

JBHT traded down $14.86 on Wednesday, hitting $168.13. 3,720,800 shares of the company traded hands, compared to its average volume of 803,560. The company has a 50 day moving average of $200.81 and a 200-day moving average of $193.34. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $17.37 billion, a PE ratio of 24.04, a PEG ratio of 1.62 and a beta of 1.11. J.B. Hunt Transport Services has a 12-month low of $160.07 and a 12-month high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released 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). J.B. Hunt Transport Services had a return on equity of 18.40% and a net margin of 5.68%. The business had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same quarter in the previous year, the firm posted $1.92 EPS. The business’s revenue for the quarter was down 9.6% on a year-over-year basis. Sell-side analysts anticipate that J.B. Hunt Transport Services will post 7.61 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO John Kuhlow sold 3,500 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $213.00, for a total transaction of $745,500.00. Following the transaction, the chief financial officer now owns 10,537 shares in the company, valued at approximately $2,244,381. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other J.B. Hunt Transport Services news, CFO John Kuhlow sold 3,500 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $213.00, for a total transaction of $745,500.00. Following the sale, the chief financial officer now directly owns 10,537 shares of the company’s stock, valued at $2,244,381. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Kevin Bracy sold 754 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $211.79, for a total transaction of $159,689.66. Following the sale, the senior vice president now directly owns 8,235 shares in the company, valued at $1,744,090.65. The disclosure for this sale can be found here. Insiders sold a total of 20,432 shares of company stock valued at $4,309,687 in the last quarter. Insiders own 2.10% of the company’s stock.

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

Large investors have recently modified their holdings of the stock. Aviva PLC lifted its position in shares of J.B. Hunt Transport Services by 45.3% during the third quarter. Aviva PLC now owns 52,155 shares of the transportation company’s stock worth $9,832,000 after purchasing an additional 16,249 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in J.B. Hunt Transport Services by 3.8% in the third quarter. EverSource Wealth Advisors LLC now owns 36,442 shares of the transportation company’s stock valued at $6,870,000 after buying an additional 1,331 shares during the period. International Assets Investment Management LLC acquired a new position in J.B. Hunt Transport Services in the fourth quarter valued at approximately $11,513,000. Natixis Advisors L.P. lifted its holdings in J.B. Hunt Transport Services by 38.4% in the third quarter. Natixis Advisors L.P. now owns 41,835 shares of the transportation company’s stock valued at $7,887,000 after buying an additional 11,613 shares during the period. Finally, California Public Employees Retirement System lifted its holdings in J.B. Hunt Transport Services by 0.9% in the third quarter. California Public Employees Retirement System now owns 153,367 shares of the transportation company’s stock valued at $28,913,000 after buying an additional 1,393 shares during the period. 74.95% of the stock is currently owned by institutional investors and hedge funds.

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.