J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Cut to $199.00 by Analysts at Evercore ISI

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective reduced by equities researchers at Evercore ISI from $218.00 to $199.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the transportation company’s stock. Evercore ISI’s price objective points to a potential upside of 18.36% from the stock’s current price.

A number of other research firms also recently commented on JBHT. JPMorgan Chase & Co. decreased their target price on J.B. Hunt Transport Services from $220.00 to $212.00 and set an “overweight” rating for the company in a report on Thursday, December 21st. Stephens reduced their price target on J.B. Hunt Transport Services from $212.00 to $210.00 and set an “overweight” rating for the company in a research report on Thursday, April 4th. UBS Group upgraded J.B. Hunt Transport Services from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $205.00 to $234.00 in a research report on Monday, January 22nd. Robert W. Baird reaffirmed an “outperform” rating and set a $215.00 target price on shares of J.B. Hunt Transport Services in a research note on Friday, January 19th. Finally, Raymond James upped their target price 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 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $197.39.

J.B. Hunt Transport Services Stock Down 8.1 %

NASDAQ JBHT traded down $14.86 during trading on Wednesday, hitting $168.13. The company’s stock had a trading volume of 3,720,800 shares, compared to its average volume of 803,560. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.15. The company has a market cap of $17.37 billion, a PE ratio of 24.04, a P/E/G ratio of 1.62 and a beta of 1.11. The business’s 50 day simple moving average is $200.81 and its 200-day simple moving average is $193.34. J.B. Hunt Transport Services has a fifty-two week low of $160.07 and a fifty-two week high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its 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). J.B. Hunt Transport Services had a return on equity of 18.40% and a net margin of 5.68%. The firm had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same period last year, the firm earned $1.92 EPS. The company’s revenue for the quarter was down 9.6% compared to the same quarter last year. On average, equities analysts anticipate that J.B. Hunt Transport Services will post 7.61 EPS for the current fiscal year.

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

In other J.B. Hunt Transport Services news, Chairman James K. Thompson sold 4,000 shares of the company’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $206.48, for a total value of $825,920.00. Following the completion of the sale, the chairman now directly owns 28,259 shares in the company, valued at approximately $5,834,918.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other J.B. Hunt Transport Services news, Chairman James K. Thompson sold 4,000 shares of the company’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $206.48, for a total value of $825,920.00. Following the completion of the sale, the chairman now directly owns 28,259 shares in the company, valued at approximately $5,834,918.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP David Keefauver sold 978 shares of the company’s 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 owns 1,119 shares of the company’s stock, valued at $229,462.14. The disclosure for this sale can be found here. Insiders sold a total of 20,432 shares of company stock worth $4,309,687 in the last three months. 2.10% of the stock is owned by corporate insiders.

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

A number of hedge funds have recently modified their holdings of JBHT. Morgan Stanley grew its holdings in shares of J.B. Hunt Transport Services by 269.1% during the 4th quarter. Morgan Stanley now owns 2,371,613 shares of the transportation company’s stock worth $413,514,000 after purchasing an additional 1,728,989 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of J.B. Hunt Transport Services by 184.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,154,757 shares of the transportation company’s stock worth $406,215,000 after purchasing an additional 1,397,651 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of J.B. Hunt Transport Services by 7,720.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 983,703 shares of the transportation company’s stock worth $196,485,000 after purchasing an additional 971,124 shares during the period. Norges Bank purchased a new position in shares of J.B. Hunt Transport Services during the 4th quarter worth $185,299,000. Finally, BlackRock Inc. grew its holdings in shares of J.B. Hunt Transport Services by 6.8% during the 1st quarter. BlackRock Inc. now owns 6,714,693 shares of the transportation company’s stock worth $1,178,160,000 after purchasing an additional 429,256 shares during the period. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

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.