Evercore ISI Has Lowered Expectations for J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Price

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target cut by investment analysts at Evercore ISI from $207.00 to $202.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the transportation company’s stock. Evercore ISI’s price target would indicate a potential upside of 17.14% from the company’s previous close.

Several other equities analysts have also recently weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating for the company in a research note on Friday. Citigroup boosted their target price on J.B. Hunt Transport Services from $204.00 to $227.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. The Goldman Sachs Group cut 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. Loop Capital boosted their price target on shares of J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Finally, Stephens reissued an “overweight” rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $191.67.

J.B. Hunt Transport Services Trading Down 7.4 %

Shares of JBHT stock opened at $172.45 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a fifty day simple moving average of $180.08 and a two-hundred day simple moving average of $173.95. The firm has a market capitalization of $17.39 billion, a PE ratio of 31.35, a PEG ratio of 2.94 and a beta of 1.16. J.B. Hunt Transport Services has a 52-week low of $153.12 and a 52-week high of $219.51.

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

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Eric Mcgee sold 145 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $182.72, for a total value of $26,494.40. Following the transaction, the executive vice president now owns 700 shares of the company’s stock, valued at $127,904. This represents a 17.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Shelley Simpson sold 6,000 shares of J.B. Hunt Transport Services stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $183.47, for a total value of $1,100,820.00. Following the sale, the chief executive officer now directly owns 82,264 shares of the company’s stock, valued at approximately $15,092,976.08. This trade represents a 6.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,459 shares of company stock worth $2,136,277. Insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Arvest Bank Trust Division purchased a new stake in shares of J.B. Hunt Transport Services in the 3rd quarter worth approximately $1,578,000. Forsta AP Fonden lifted its holdings in J.B. Hunt Transport Services by 28.2% during the third quarter. Forsta AP Fonden now owns 15,900 shares of the transportation company’s stock worth $2,740,000 after buying an additional 3,500 shares during the period. State Street Corp boosted its position in J.B. Hunt Transport Services by 0.6% during the 3rd quarter. State Street Corp now owns 3,289,874 shares of the transportation company’s stock valued at $566,944,000 after acquiring an additional 19,826 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in J.B. Hunt Transport Services by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 553,698 shares of the transportation company’s stock valued at $95,419,000 after acquiring an additional 12,040 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in shares of J.B. Hunt Transport Services by 2.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 190,689 shares of the transportation company’s stock worth $32,861,000 after acquiring an additional 3,910 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors.

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.