J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Lowered to $171.00 at TD Cowen

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price decreased by equities researchers at TD Cowen from $180.00 to $171.00 in a research note issued to investors on Friday, MarketBeat Ratings reports. The brokerage presently has a “hold” rating on the transportation company’s stock. TD Cowen’s target price indicates a potential downside of 0.84% from the company’s current price.

Several other research firms have also issued reports on JBHT. Citigroup raised their price target 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. Stephens restated an “overweight” rating and set a $195.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Stifel Nicolaus cut their price target on shares of J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating on the stock in a research report on Wednesday. Benchmark restated a “buy” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a report on Friday, January 10th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $191.67.

J.B. Hunt Transport Services Price Performance

Shares of JBHT stock opened at $172.45 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. 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 cap of $17.39 billion, a price-to-earnings ratio of 31.35, a PEG ratio of 2.94 and a beta of 1.16. The stock has a 50-day moving average price of $180.08 and a 200 day moving average price of $173.95.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly 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). 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 the consensus estimate of $3.13 billion. During the same period last year, the firm earned $1.47 earnings per share. The company’s quarterly revenue was down 4.5% on a year-over-year basis. Research analysts expect that J.B. Hunt Transport Services will post 5.67 EPS for the current year.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Eric Mcgee sold 145 shares of J.B. Hunt Transport Services stock in a transaction on 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 directly owns 700 shares in the company, valued at approximately $127,904. The trade was a 17.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Shelley Simpson sold 6,000 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $183.47, for a total transaction of $1,100,820.00. Following the transaction, the chief executive officer now owns 82,264 shares of the company’s stock, valued at approximately $15,092,976.08. This represents a 6.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,459 shares of company stock worth $2,136,277. Corporate insiders own 2.10% of the company’s stock.

Institutional Trading of J.B. Hunt Transport Services

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