J.B. Hunt Transport Services (NASDAQ:JBHT) Given New $199.00 Price Target at Bank of America

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target decreased by equities researchers at Bank of America from $215.00 to $199.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. Bank of America‘s target price indicates a potential upside of 21.19% from the stock’s current price.

A number of other research analysts also recently weighed in on JBHT. TD Cowen dropped their price target on J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. cut their target price on J.B. Hunt Transport Services from $220.00 to $212.00 and set an “overweight” rating on the stock in a report on Thursday, December 21st. Susquehanna reduced their price target on shares of J.B. Hunt Transport Services from $195.00 to $185.00 and set a “neutral” rating for the company 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 report on Friday, March 8th. Finally, UBS Group reduced their price objective on shares of J.B. Hunt Transport Services from $234.00 to $211.00 and set a “buy” rating for the company in a report on Wednesday. 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, the company has an average rating of “Moderate Buy” and a consensus price target of $194.56.

J.B. Hunt Transport Services Stock Down 2.3 %

J.B. Hunt Transport Services stock opened at $164.20 on Wednesday. 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 company has a market capitalization of $16.96 billion, a PE ratio of 26.06, a PEG ratio of 1.61 and a beta of 1.11. The firm’s fifty day moving average is $198.90 and its 200 day moving average is $192.97. 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 announced 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 company had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.29 billion. J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.40%. J.B. Hunt Transport Services’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.92 EPS. As a group, sell-side analysts predict that J.B. Hunt Transport Services will post 7.57 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Alfred C. Harper sold 6,500 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $212.71, for a total transaction of $1,382,615.00. Following the completion of the transaction, the insider now directly owns 42,411 shares of the company’s stock, valued at approximately $9,021,243.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other J.B. Hunt Transport Services news, insider Alfred C. Harper sold 6,500 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $212.71, for a total value of $1,382,615.00. Following the sale, the insider now directly owns 42,411 shares in the company, valued at $9,021,243.81. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Patrick J. Ottensmeyer purchased 5,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were purchased at an average price 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 disclosure for this purchase can be found here. Over the last 90 days, insiders sold 20,432 shares of company stock worth $4,309,687. Insiders own 2.10% of the company’s stock.

Institutional Trading of J.B. Hunt Transport Services

Several hedge funds and other institutional investors have recently modified their holdings of the business. Clear Street Markets LLC grew its stake in J.B. Hunt Transport Services by 94.0% in the 1st quarter. Clear Street Markets LLC now owns 161 shares of the transportation company’s stock valued at $28,000 after buying an additional 78 shares in the last quarter. VisionPoint Advisory Group LLC boosted its holdings in shares of 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 worth $32,000 after acquiring an additional 87 shares during the period. Salem Investment Counselors Inc. grew its position in shares of 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 in the last quarter. Operose Advisors LLC bought a new stake in shares of J.B. Hunt Transport Services during the 3rd quarter valued at $34,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in J.B. Hunt Transport Services during the 3rd quarter worth about $36,000. Institutional investors own 74.95% of the company’s stock.

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.