J.B. Hunt Transport Services (NASDAQ:JBHT) Given New $150.00 Price Target at JPMorgan Chase & Co.

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective decreased by JPMorgan Chase & Co. from $167.00 to $150.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 19.70% from the company’s previous close.

JBHT has been the subject of a number of other research reports. Raymond James dropped their price objective on J.B. Hunt Transport Services from $190.00 to $165.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. TD Cowen decreased their price target on shares of J.B. Hunt Transport Services from $160.00 to $140.00 and set a “hold” rating for the company in a research note on Wednesday. Barclays cut their target price on J.B. Hunt Transport Services from $180.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 2nd. Citigroup cut their target price on J.B. Hunt Transport Services from $193.00 to $164.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of J.B. Hunt Transport Services in a report on Friday, March 7th. They issued a “hold” rating and a $167.00 target price on the stock. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.45.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT traded down $9.80 during trading hours on Wednesday, reaching $125.31. 1,137,927 shares of the company were exchanged, compared to its average volume of 945,186. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $12.53 billion, a P/E ratio of 22.54, a P/E/G ratio of 1.61 and a beta of 1.27. The business’s 50 day simple moving average is $152.97 and its 200-day simple moving average is $168.96. J.B. Hunt Transport Services has a 1 year low of $123.34 and a 1 year high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.02. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.92 billion. On average, equities research analysts expect that J.B. Hunt Transport Services will post 6.37 earnings per share for the current year.

Insider Activity

In related news, Director James K. Thompson sold 4,400 shares of J.B. Hunt Transport Services stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total value of $771,628.00. Following the transaction, the director now owns 23,559 shares of the company’s stock, valued at approximately $4,131,541.83. This trade represents a 15.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Darren P. Field sold 1,200 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $161.67, for a total value of $194,004.00. Following the completion of the sale, the executive vice president now directly owns 17,822 shares of the company’s stock, valued at approximately $2,881,282.74. This trade represents a 6.31 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of JBHT. Morse Asset Management Inc bought a new position in shares of J.B. Hunt Transport Services during the third quarter valued at $86,000. MML Investors Services LLC boosted its position in J.B. Hunt Transport Services by 4.4% during the 3rd quarter. MML Investors Services LLC now owns 4,667 shares of the transportation company’s stock worth $804,000 after acquiring an additional 195 shares during the last quarter. Barclays PLC boosted its position in J.B. Hunt Transport Services by 37.5% during the third quarter. Barclays PLC now owns 236,177 shares of the transportation company’s stock valued at $40,698,000 after purchasing an additional 64,380 shares during the last quarter. M&T Bank Corp increased its stake in shares of J.B. Hunt Transport Services by 7.8% during the 3rd quarter. M&T Bank Corp now owns 3,586 shares of the transportation company’s stock worth $618,000 after purchasing an additional 261 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its holdings in J.B. Hunt Transport Services by 42.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 6,047 shares of the transportation company’s stock valued at $1,103,000 after purchasing an additional 1,789 shares during the last quarter. Institutional investors own 74.95% of the company’s stock.

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.