J.B. Hunt Transport Services (NASDAQ:JBHT) PT Lowered to $199.00 at Bank of America

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective decreased by equities research analysts at Bank of America from $215.00 to $199.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. Bank of America‘s price target indicates a potential upside of 18.77% from the company’s current price.

JBHT has been the topic of a number of other reports. Barclays lowered their target price on J.B. Hunt Transport Services from $200.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Wednesday. UBS Group decreased their price target on J.B. Hunt Transport Services from $234.00 to $211.00 and set a “buy” rating for the company in a report on Wednesday. Robert W. Baird decreased their price target on J.B. Hunt Transport Services from $215.00 to $205.00 and set an “outperform” rating for the company in a report on Wednesday. Susquehanna reduced their price objective on J.B. Hunt Transport Services from $195.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Raymond James increased their price target on J.B. Hunt Transport Services from $200.00 to $209.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $197.39.

J.B. Hunt Transport Services Trading Down 8.4 %

NASDAQ JBHT traded down $15.44 during trading hours on Wednesday, hitting $167.55. 2,880,993 shares of the company’s stock were exchanged, compared to its average volume of 797,931. J.B. Hunt Transport Services has a 1-year low of $160.07 and a 1-year high of $219.51. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. The stock has a 50-day simple moving average of $200.81 and a 200 day simple moving average of $193.34. The firm has a market cap of $17.31 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 1.62 and a beta of 1.11.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Thursday, January 18th. The transportation company reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.27). J.B. Hunt Transport Services had a net margin of 5.68% and a return on equity of 18.40%. The business had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.29 billion. During the same period last year, the firm posted $1.92 earnings per share. J.B. Hunt Transport Services’s quarterly revenue was down 9.6% compared to the same quarter last year. On average, equities analysts forecast that J.B. Hunt Transport Services will post 7.61 EPS for the current fiscal year.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, SVP Kevin Bracy sold 754 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $211.79, for a total value of $159,689.66. Following the sale, the senior vice president now owns 8,235 shares of the company’s stock, valued at approximately $1,744,090.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, SVP Kevin Bracy sold 754 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $211.79, for a total transaction of $159,689.66. Following the transaction, the senior vice president now directly owns 8,235 shares in the company, valued at approximately $1,744,090.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Patrick J. Ottensmeyer acquired 5,000 shares of J.B. Hunt Transport Services stock in a transaction dated Monday, March 4th. The shares were purchased at an average price of $202.99 per share, for a total transaction of $1,014,950.00. Following the completion of the transaction, 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. In the last quarter, insiders have sold 20,432 shares of company stock valued at $4,309,687. Corporate insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On J.B. Hunt Transport Services

Several institutional investors have recently modified their holdings of JBHT. Wealth Enhancement Advisory Services LLC grew its position in J.B. Hunt Transport Services by 4.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,324 shares of the transportation company’s stock worth $662,000 after acquiring an additional 128 shares during the last quarter. Disciplined Investments LLC grew its position in J.B. Hunt Transport Services by 1.4% during the 1st quarter. Disciplined Investments LLC now owns 29,067 shares of the transportation company’s stock worth $5,791,000 after acquiring an additional 412 shares during the last quarter. Gateway Investment Advisers LLC grew its position in J.B. Hunt Transport Services by 1.3% during the 1st quarter. Gateway Investment Advisers LLC now owns 45,905 shares of the transportation company’s stock worth $9,147,000 after acquiring an additional 590 shares during the last quarter. Lloyd Advisory Services LLC. bought a new stake in shares of J.B. Hunt Transport Services in the 1st quarter worth approximately $1,473,000. Finally, Running Oak Capital LLC grew its position in shares of J.B. Hunt Transport Services by 13.0% in the 1st quarter. Running Oak Capital LLC now owns 50,958 shares of the transportation company’s stock worth $10,153,000 after buying an additional 5,847 shares during the last quarter. 74.95% of the stock is currently 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.