Robert W. Baird Lowers J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $205.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective dropped by Robert W. Baird from $215.00 to $205.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the transportation company’s stock. Robert W. Baird’s target price indicates a potential upside of 24.85% from the stock’s previous close.

A number of other equities analysts have also weighed in on the company. TD Cowen dropped their price objective on J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating for the company in a research note on Wednesday. Stephens dropped their price objective on J.B. Hunt Transport Services from $210.00 to $192.00 and set an “overweight” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. dropped their price objective on J.B. Hunt Transport Services from $220.00 to $212.00 and set an “overweight” rating for the company in a research note on Thursday, December 21st. Barclays dropped their price objective on J.B. Hunt Transport Services from $200.00 to $170.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, UBS Group dropped their price objective on J.B. Hunt Transport Services from $234.00 to $211.00 and set a “buy” rating for the company in a research note on Wednesday. One equities 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $194.56.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT 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 business has a 50-day simple moving average of $198.90 and a two-hundred day simple moving average of $192.97. The stock has a market cap of $16.96 billion, a price-to-earnings ratio of 26.06, a PEG ratio of 1.61 and a beta of 1.11. 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 issued its quarterly earnings results on Thursday, January 18th. The transportation company reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.27). The company had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.29 billion. J.B. Hunt Transport Services had a return on equity of 16.40% and a net margin of 5.25%. The business’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.92 EPS. On average, analysts expect that J.B. Hunt Transport Services will post 7.57 EPS for the current year.

Insider Activity

In other news, insider Alfred C. Harper sold 6,500 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, 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 filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Alfred C. Harper sold 6,500 shares of the stock in a transaction that occurred 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 document filed with the SEC, which is available at this link. Also, EVP Brian Webb sold 900 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $208.54, for a total value of $187,686.00. Following the completion of the sale, the executive vice president now owns 15,032 shares in the company, valued at $3,134,773.28. The disclosure for this sale can be found here. Insiders sold 20,432 shares of company stock valued at $4,309,687 in the last ninety days. Insiders own 2.10% of the company’s stock.

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

Several hedge funds and other institutional investors have recently modified their holdings of the business. Steward Partners Investment Advisory LLC raised its holdings in shares of J.B. Hunt Transport Services by 7.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 825 shares of the transportation company’s stock worth $165,000 after buying an additional 54 shares during the period. Mackenzie Financial Corp increased its holdings in J.B. Hunt Transport Services by 0.9% during the 1st quarter. Mackenzie Financial Corp now owns 6,297 shares of the transportation company’s stock worth $1,264,000 after purchasing an additional 56 shares during the period. Drive Wealth Management LLC increased its holdings in J.B. Hunt Transport Services by 3.5% during the 4th quarter. Drive Wealth Management LLC now owns 1,696 shares of the transportation company’s stock worth $339,000 after purchasing an additional 57 shares during the period. Garrison Asset Management LLC increased its holdings in J.B. Hunt Transport Services by 0.4% during the 3rd quarter. Garrison Asset Management LLC now owns 13,432 shares of the transportation company’s stock worth $2,532,000 after purchasing an additional 59 shares during the period. Finally, Yousif Capital Management LLC increased its holdings in J.B. Hunt Transport Services by 0.5% during the 1st quarter. Yousif Capital Management LLC now owns 13,252 shares of the transportation company’s stock worth $2,661,000 after purchasing an additional 60 shares during the period. 74.95% of the stock is currently 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.