TD Cowen Cuts J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $171.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target trimmed by TD Cowen from $180.00 to $171.00 in a research report released on Friday, MarketBeat.com reports. The brokerage currently has a hold rating on the transportation company’s stock.

Several other brokerages also recently commented on JBHT. The Goldman Sachs Group cut their price objective on J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Stifel Nicolaus lowered their target price on J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating for the company in a report on Wednesday, January 15th. Citigroup upped their target price on J.B. Hunt Transport Services from $204.00 to $227.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Benchmark reiterated a “buy” rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a report on Friday, January 10th. Finally, Bank of America upped their target price on J.B. Hunt Transport Services from $195.00 to $206.00 and gave the stock a “buy” rating in a report on Thursday. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and an average target price of $191.67.

J.B. Hunt Transport Services Stock Performance

Shares of J.B. Hunt Transport Services stock opened at $172.45 on Friday. The stock’s fifty day moving average is $180.08 and its two-hundred day moving average is $174.06. The company has a market capitalization of $17.39 billion, a PE ratio of 31.35, a price-to-earnings-growth ratio of 2.94 and a beta of 1.16. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. J.B. Hunt Transport Services has a 52 week low of $153.12 and a 52 week high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.09). The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. The business’s revenue was down 4.5% compared to the same quarter last year. During the same period last year, the company earned $1.47 EPS. As a group, analysts expect that J.B. Hunt Transport Services will post 5.67 earnings per share for the current year.

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

In other news, SVP Kevin Bracy sold 1,614 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $189.87, for a total value of $306,450.18. Following the transaction, the senior vice president now directly owns 8,235 shares of the company’s stock, valued at approximately $1,563,579.45. This represents a 16.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Spencer Frazier sold 2,200 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total value of $427,262.00. Following the completion of the transaction, the executive vice president now directly owns 4,050 shares in the company, valued at $786,550.50. This represents a 35.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,459 shares of company stock worth $2,136,277. 2.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Arvest Bank Trust Division acquired a new position in shares of J.B. Hunt Transport Services in the third quarter valued at about $1,578,000. Forsta AP Fonden increased its holdings in shares of J.B. Hunt Transport Services by 28.2% in the third quarter. Forsta AP Fonden now owns 15,900 shares of the transportation company’s stock valued at $2,740,000 after purchasing an additional 3,500 shares during the period. State Street Corp increased its holdings in shares of J.B. Hunt Transport Services by 0.6% in the third quarter. State Street Corp now owns 3,289,874 shares of the transportation company’s stock valued at $566,944,000 after purchasing an additional 19,826 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in J.B. Hunt Transport Services by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 553,698 shares of the transportation company’s stock worth $95,419,000 after acquiring an additional 12,040 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in J.B. Hunt Transport Services by 2.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 190,689 shares of the transportation company’s stock worth $32,861,000 after acquiring an additional 3,910 shares during the period. 74.95% of the stock is 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.