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 reduced by investment analysts at Stephens from $210.00 to $192.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the transportation company’s stock. Stephens’ price target indicates a potential upside of 16.93% from the stock’s current price.

JBHT has been the topic of a number of other research reports. TD Cowen dropped their target price on shares of J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating on the stock in a report on Wednesday. Robert W. Baird reissued an “outperform” rating and set a $215.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday, January 19th. Evercore ISI cut their price objective on shares of J.B. Hunt Transport Services from $218.00 to $199.00 and set an “outperform” rating on the stock in a report on Wednesday. StockNews.com lowered shares of J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a report on Friday, March 8th. Finally, Barclays downgraded J.B. Hunt Transport Services from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $215.00 to $200.00 in a research note on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $194.56.

J.B. Hunt Transport Services Stock Performance

J.B. Hunt Transport Services stock opened at $164.20 on Wednesday. J.B. Hunt Transport Services has a fifty-two week low of $160.07 and a fifty-two week high of $219.51. The stock’s 50 day simple moving average is $198.90 and its two-hundred day simple moving average is $192.97. 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 $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 (NASDAQ:JBHT) last released its quarterly earnings results 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 firm 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 5.25% and a return on equity of 16.40%. The company’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.92 earnings per share. As a group, analysts expect that J.B. Hunt Transport Services will post 7.57 earnings per share for the current fiscal year.

Insider Buying and Selling at J.B. Hunt Transport Services

In other news, EVP David Keefauver sold 978 shares of the stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $205.06, for a total value of $200,548.68. Following the completion of the sale, the executive vice president now directly owns 1,119 shares of the company’s stock, valued at $229,462.14. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CFO John Kuhlow sold 3,500 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $213.00, for a total value of $745,500.00. Following the transaction, the chief financial officer now directly owns 10,537 shares in the company, valued at $2,244,381. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David Keefauver sold 978 shares of the stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $205.06, for a total value of $200,548.68. Following the sale, the executive vice president now owns 1,119 shares of the company’s stock, valued at approximately $229,462.14. The disclosure for this sale can be found here. Insiders have sold 20,432 shares of company stock valued at $4,309,687 over the last 90 days. 2.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC grew its holdings in J.B. Hunt Transport Services by 7.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 825 shares of the transportation company’s stock valued at $165,000 after buying an additional 54 shares in the last quarter. Mackenzie Financial Corp grew its stake in J.B. Hunt Transport Services by 0.9% during the first quarter. Mackenzie Financial Corp now owns 6,297 shares of the transportation company’s stock valued at $1,264,000 after acquiring an additional 56 shares in the last quarter. Drive Wealth Management LLC increased its holdings in J.B. Hunt Transport Services by 3.5% in the 4th quarter. Drive Wealth Management LLC now owns 1,696 shares of the transportation company’s stock valued at $339,000 after acquiring an additional 57 shares during the last quarter. Garrison Asset Management LLC lifted its stake in J.B. Hunt Transport Services by 0.4% in 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 in the last quarter. Finally, Yousif Capital Management LLC boosted its holdings in shares of 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 valued at $2,661,000 after purchasing an additional 60 shares during the last quarter. 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.