J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Cut to $191.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective reduced by Evercore ISI from $199.00 to $191.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the transportation company’s stock. Evercore ISI’s target price would indicate a potential upside of 22.35% from the stock’s previous close.

Several other research firms have also recently weighed in on JBHT. Stephens lowered their price objective on J.B. Hunt Transport Services from $210.00 to $192.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 17th. TD Cowen lowered their target price on J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating for the company in a report on Wednesday, April 17th. Stifel Nicolaus decreased their price objective on J.B. Hunt Transport Services from $188.00 to $173.00 and set a “hold” rating for the company in a report on Wednesday, April 17th. Bank of America cut their price objective on J.B. Hunt Transport Services from $215.00 to $199.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Finally, Susquehanna decreased their target price on J.B. Hunt Transport Services from $195.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 17th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $192.29.

J.B. Hunt Transport Services Stock Down 1.2 %

NASDAQ:JBHT traded down $1.86 during trading hours on Tuesday, reaching $156.11. 138,599 shares of the stock were exchanged, compared to its average volume of 835,294. J.B. Hunt Transport Services has a twelve month low of $153.12 and a twelve month high of $219.51. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a 50 day moving average of $162.60 and a 200 day moving average of $186.85. The stock has a market cap of $16.11 billion, a PE ratio of 24.78, a PEG ratio of 1.77 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Tuesday, April 16th. The transportation company reported $1.22 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.31). The company had revenue of $2.94 billion during the quarter, compared to analyst estimates of $3.12 billion. J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.25%. On average, equities analysts expect that J.B. Hunt Transport Services will post 6.48 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO John N. Roberts bought 6,200 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was bought at an average price of $161.06 per share, with a total value of $998,572.00. Following the transaction, the chief executive officer now owns 313,955 shares of the company’s stock, valued at $50,565,592.30. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 2.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On J.B. Hunt Transport Services

Several hedge funds and other institutional investors have recently modified their holdings of JBHT. Vanguard Group Inc. boosted its holdings in shares of J.B. Hunt Transport Services by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 9,769,777 shares of the transportation company’s stock valued at $1,946,628,000 after buying an additional 25,109 shares during the period. Victory Capital Management Inc. grew its position in J.B. Hunt Transport Services by 3.0% during the fourth quarter. Victory Capital Management Inc. now owns 2,168,748 shares of the transportation company’s stock valued at $433,186,000 after purchasing an additional 62,313 shares in the last quarter. JPMorgan Chase & Co. grew its position in J.B. Hunt Transport Services by 184.6% during the third quarter. JPMorgan Chase & Co. now owns 2,154,757 shares of the transportation company’s stock valued at $406,215,000 after purchasing an additional 1,397,651 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in J.B. Hunt Transport Services by 7,720.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 983,703 shares of the transportation company’s stock valued at $196,485,000 after purchasing an additional 971,124 shares in the last quarter. Finally, Norges Bank bought a new stake in J.B. Hunt Transport Services in the fourth quarter worth approximately $185,299,000. 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.