J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Cut to $177.00 by Analysts at Loop Capital

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price cut by Loop Capital from $200.00 to $177.00 in a report issued on Thursday morning, Benzinga reports. They currently have a hold rating on the transportation company’s stock.

A number of other analysts have also commented on the company. Bank of America decreased their price objective on J.B. Hunt Transport Services from $215.00 to $199.00 and set a buy rating for the company in a report on Wednesday. BMO Capital Markets dropped their price target on shares of J.B. Hunt Transport Services from $218.00 to $200.00 and set an outperform rating on the stock in a research report on Thursday. StockNews.com downgraded shares of J.B. Hunt Transport Services from a hold rating to a sell rating in a research report on Friday, March 8th. Barclays decreased their price objective on shares of J.B. Hunt Transport Services from $200.00 to $170.00 and set an equal weight rating for the company in a research note on Wednesday. Finally, Robert W. Baird reduced their target price 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. 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.com, the company has a consensus rating of Moderate Buy and a consensus target price of $194.56.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT opened at $164.20 on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.26 and a debt-to-equity ratio of 0.33. J.B. Hunt Transport Services has a twelve month low of $160.07 and a twelve month high of $219.51. The company has a fifty day moving average of $198.90 and a 200-day moving average of $192.97. The firm has a market capitalization of $16.96 billion, a P/E ratio of 26.06, a P/E/G ratio of 1.48 and a beta of 1.11.

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). J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.25%. The firm had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.29 billion. During the same period last year, the business posted $1.92 EPS. The company’s revenue was down 9.6% on a year-over-year basis. As a group, sell-side analysts anticipate that J.B. Hunt Transport Services will post 7.57 EPS for the current year.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, SVP Kevin Bracy sold 754 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $211.79, for a total transaction of $159,689.66. Following the sale, the senior vice president now directly owns 8,235 shares of the company’s stock, valued at $1,744,090.65. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other J.B. Hunt Transport Services news, SVP Kevin Bracy sold 754 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $211.79, for a total transaction of $159,689.66. Following the sale, the senior vice president now owns 8,235 shares in the company, valued at $1,744,090.65. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Patrick J. Ottensmeyer purchased 5,000 shares of J.B. Hunt Transport Services stock in a transaction dated Monday, March 4th. The stock was bought at an average price of $202.99 per share, with a total value of $1,014,950.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $1,014,950. The disclosure for this purchase can be found here. In the last three months, insiders have sold 20,432 shares of company stock worth $4,309,687. Company insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On J.B. Hunt Transport Services

Institutional investors and hedge funds have recently modified their holdings of the company. HighTower Advisors LLC lifted its stake in J.B. Hunt Transport Services by 10.0% in the 1st quarter. HighTower Advisors LLC now owns 5,673 shares of the transportation company’s stock worth $1,139,000 after purchasing an additional 518 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of J.B. Hunt Transport Services by 15.8% in the first quarter. Private Advisor Group LLC now owns 1,562 shares of the transportation company’s stock worth $313,000 after purchasing an additional 213 shares during the period. Panagora Asset Management Inc. raised its position in shares of J.B. Hunt Transport Services by 16.2% in the first quarter. Panagora Asset Management Inc. now owns 2,428 shares of the transportation company’s stock worth $488,000 after buying an additional 339 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in J.B. Hunt Transport Services by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,241 shares of the transportation company’s stock valued at $2,257,000 after buying an additional 696 shares during the period. Finally, Yousif Capital Management LLC grew its position in J.B. Hunt Transport Services by 0.5% during the first quarter. Yousif Capital Management LLC now owns 13,252 shares of the transportation company’s stock worth $2,661,000 after buying an additional 60 shares in the last quarter. 74.95% of the stock is 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.