JPMorgan Chase & Co. Cuts J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $200.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective lowered by JPMorgan Chase & Co. from $205.00 to $200.00 in a report published on Friday,Benzinga reports. The brokerage currently has an overweight rating on the transportation company’s stock.

A number of other equities research analysts also recently weighed in on JBHT. Stephens reaffirmed an “overweight” rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Raymond James raised their target price on J.B. Hunt Transport Services from $195.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Wells Fargo & Company reduced their target price on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “overweight” rating on the stock in a report on Friday. BMO Capital Markets reaffirmed an “outperform” rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Finally, Citigroup raised their target price on J.B. Hunt Transport Services from $204.00 to $227.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $191.67.

J.B. Hunt Transport Services Trading Down 7.4 %

Shares of NASDAQ:JBHT opened at $172.45 on Friday. The company has a market capitalization of $17.39 billion, a P/E ratio of 31.35, a P/E/G ratio of 2.94 and a beta of 1.16. J.B. Hunt Transport Services has a 1 year low of $153.12 and a 1 year high of $219.51. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 0.94. The business’s 50 day simple moving average is $180.08 and its 200 day simple moving average is $174.06.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.47 EPS. On average, research analysts anticipate that J.B. Hunt Transport Services will post 5.67 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Darren P. Field sold 1,500 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total transaction of $275,250.00. Following the completion of the transaction, the executive vice president now directly owns 12,650 shares of the company’s stock, valued at $2,321,275. This trade represents a 10.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Eric Mcgee sold 145 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $182.72, for a total value of $26,494.40. Following the transaction, the executive vice president now directly owns 700 shares of the company’s stock, valued at approximately $127,904. This represents a 17.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,459 shares of company stock valued at $2,136,277 in the last three months. Insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Catalyst Capital Advisors LLC bought a new position in shares of J.B. Hunt Transport Services in the 3rd quarter worth about $26,000. True Wealth Design LLC raised its position in shares of J.B. Hunt Transport Services by 2,028.6% in the 3rd quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock worth $26,000 after acquiring an additional 142 shares in the last quarter. Cromwell Holdings LLC raised its position in shares of J.B. Hunt Transport Services by 47.2% in the 3rd quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company’s stock worth $41,000 after acquiring an additional 76 shares in the last quarter. Versant Capital Management Inc raised its position in shares of J.B. Hunt Transport Services by 102.2% in the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock worth $48,000 after acquiring an additional 142 shares in the last quarter. Finally, Huntington National Bank raised its position in shares of J.B. Hunt Transport Services by 21.8% in the 3rd quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock worth $59,000 after acquiring an additional 61 shares in the last quarter. 74.95% of the stock is owned by 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.