J.B. Hunt Transport Services (NASDAQ:JBHT) Given New $200.00 Price Target at JPMorgan Chase & Co.

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target trimmed by JPMorgan Chase & Co. from $205.00 to $200.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an overweight rating on the transportation company’s stock.

Several other brokerages also recently issued reports on JBHT. The Goldman Sachs Group decreased their price target on J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Stifel Nicolaus lowered their target price on shares of J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating for the company in a report on Wednesday. TD Cowen cut their price target on shares of J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating on the stock in a report on Friday. Susquehanna upgraded shares of J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 price objective for the company in a research note on Friday, January 3rd. Finally, BMO Capital Markets restated an “outperform” rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $191.67.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT stock opened at $172.45 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26. The firm has a fifty day simple moving average of $180.08 and a two-hundred day simple moving average of $173.85. J.B. Hunt Transport Services has a 12 month low of $153.12 and a 12 month high of $219.51. The firm 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.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The company’s revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.47 EPS. Analysts forecast that J.B. Hunt Transport Services will post 5.67 EPS for the current fiscal year.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, SVP Kevin Bracy sold 1,614 shares of the firm’s 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 completion of the transaction, the senior vice president now owns 8,235 shares in the company, valued at $1,563,579.45. This trade represents a 16.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Eric Mcgee sold 145 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $182.72, for a total value of $26,494.40. Following the sale, the executive vice president now owns 700 shares in the company, valued at approximately $127,904. This represents a 17.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,459 shares of company stock worth $2,136,277 over the last quarter. 2.10% of the stock is currently owned by company insiders.

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

Several hedge funds have recently bought and sold shares of JBHT. Catalyst Capital Advisors LLC bought a new position in J.B. Hunt Transport Services in the 3rd quarter valued at $26,000. True Wealth Design LLC raised its position in shares of J.B. Hunt Transport Services by 2,028.6% in the third quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock worth $26,000 after buying an additional 142 shares in the last quarter. Cromwell Holdings LLC boosted its stake in J.B. Hunt Transport Services by 47.2% during the third quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company’s stock valued at $41,000 after buying an additional 76 shares during the period. Versant Capital Management Inc increased its stake in J.B. Hunt Transport Services by 102.2% in the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock worth $48,000 after acquiring an additional 142 shares during the last quarter. Finally, Huntington National Bank raised its holdings in shares of J.B. Hunt Transport Services by 21.8% in the 3rd quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock valued at $59,000 after acquiring an additional 61 shares in the last quarter. Hedge funds and other institutional investors 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.