J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Rating Lowered by Susquehanna

J.B. Hunt Transport Services (NASDAQ:JBHT) was downgraded by equities researchers at Susquehanna from a “positive” rating to a “neutral” rating in a research note issued on Wednesday, Marketbeat Ratings reports. They currently have a $165.00 target price on the transportation company’s stock, down from their prior target price of $200.00. Susquehanna’s target price points to a potential upside of 9.42% from the company’s current price.

A number of other brokerages have also commented on JBHT. Deutsche Bank Aktiengesellschaft started coverage on shares of J.B. Hunt Transport Services in a report on Friday, March 7th. They set a “hold” rating and a $167.00 price target on the stock. UBS Group reduced their target price on J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Raymond James decreased their target price on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating for the company in a research report on Tuesday, January 21st. Benchmark reaffirmed a “buy” rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday, January 17th. Finally, Stephens reiterated an “overweight” rating and set a $205.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and a consensus target price of $184.05.

J.B. Hunt Transport Services Stock Down 0.4 %

Shares of JBHT opened at $150.80 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. J.B. Hunt Transport Services has a 52 week low of $144.34 and a 52 week high of $200.40. The stock has a market capitalization of $15.08 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 1.61 and a beta of 1.16. The stock has a fifty day moving average of $162.80 and a 200-day moving average of $172.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.09). The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. J.B. Hunt Transport Services’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.47 earnings per share. As a group, sell-side analysts anticipate that J.B. Hunt Transport Services will post 6.37 earnings per share for the current fiscal year.

Insider Activity

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in JBHT. Arvest Bank Trust Division purchased a new position in shares of J.B. Hunt Transport Services in the third quarter worth $1,578,000. Smartleaf Asset Management LLC lifted its stake in J.B. Hunt Transport Services by 33.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 86 shares during the period. State Street Corp boosted its holdings in shares of 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 during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of J.B. Hunt Transport Services by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 553,698 shares of the transportation company’s stock worth $95,419,000 after acquiring an additional 12,040 shares during the period. Finally, Abound Wealth Management lifted its position in J.B. Hunt Transport Services by 145,850.0% during the fourth quarter. Abound Wealth Management now owns 2,919 shares of the transportation company’s stock valued at $498,000 after purchasing an additional 2,917 shares during the period. 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.