Susquehanna Trims J.B. Hunt Transport Services (NASDAQ:JBHT) Target Price to $185.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective dropped by analysts at Susquehanna from $195.00 to $185.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price objective indicates a potential upside of 10.03% from the stock’s previous close.

Other research analysts have also issued reports about the company. Robert W. Baird restated an “outperform” rating and issued a $215.00 price target on shares of J.B. Hunt Transport Services in a research report on Friday, January 19th. UBS Group reduced their price target on J.B. Hunt Transport Services from $234.00 to $211.00 and set a “buy” rating on the stock in a research report on Wednesday. Evercore ISI reduced their price target on J.B. Hunt Transport Services from $218.00 to $199.00 and set an “outperform” rating on the stock in a research report on Wednesday. TD Cowen dropped their price objective on J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating on the stock in a research note on Wednesday. Finally, Stifel Nicolaus dropped their price objective on J.B. Hunt Transport Services from $188.00 to $173.00 and set a “hold” rating on the stock in a research note on Wednesday. One 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’s stock. According to data from MarketBeat, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $197.39.

J.B. Hunt Transport Services Trading Down 8.1 %

JBHT traded down $14.86 during mid-day trading on Wednesday, reaching $168.13. The stock had a trading volume of 3,720,800 shares, compared to its average volume of 803,560. The stock has a market capitalization of $17.37 billion, a P/E ratio of 24.04, a P/E/G ratio of 1.62 and a beta of 1.11. 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 firm’s fifty day simple moving average is $200.81 and its two-hundred day simple moving average is $193.34. J.B. Hunt Transport Services has a 52 week low of $160.07 and a 52 week high of $219.51.

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

Insider Buying and Selling

In related news, Director Patrick J. Ottensmeyer bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were acquired at an average price of $202.99 per share, for a total transaction of $1,014,950.00. Following the completion of the acquisition, the director now owns 5,000 shares of the company’s stock, valued at approximately $1,014,950. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Patrick J. Ottensmeyer bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were acquired at an average price of $202.99 per share, for a total transaction of $1,014,950.00. Following the completion of the acquisition, the director now owns 5,000 shares of the company’s stock, valued at approximately $1,014,950. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP David Keefauver sold 978 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $205.06, for a total value of $200,548.68. Following the transaction, the executive vice president now directly owns 1,119 shares in the company, valued at approximately $229,462.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,432 shares of company stock worth $4,309,687. Corporate insiders own 2.10% of the company’s stock.

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

A number of institutional investors have recently bought and sold shares of JBHT. Morgan Stanley increased its position in J.B. Hunt Transport Services by 269.1% during the fourth quarter. Morgan Stanley now owns 2,371,613 shares of the transportation company’s stock worth $413,514,000 after buying an additional 1,728,989 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of J.B. Hunt Transport Services by 184.6% in the third quarter. JPMorgan Chase & Co. now owns 2,154,757 shares of the transportation company’s stock valued at $406,215,000 after purchasing an additional 1,397,651 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of J.B. Hunt Transport Services by 7,720.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 983,703 shares of the transportation company’s stock valued at $196,485,000 after purchasing an additional 971,124 shares during the last quarter. Norges Bank acquired a new position in shares of J.B. Hunt Transport Services in the fourth quarter valued at approximately $185,299,000. Finally, BlackRock Inc. grew its position in shares of J.B. Hunt Transport Services by 6.8% in the first quarter. BlackRock Inc. now owns 6,714,693 shares of the transportation company’s stock valued at $1,178,160,000 after purchasing an additional 429,256 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

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.