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

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price reduced by TD Cowen from $180.00 to $171.00 in a report published on Friday, Marketbeat reports. TD Cowen currently has a hold rating on the transportation company’s stock.

Other equities research analysts have also issued reports about the company. Loop Capital raised their price objective on 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. Barclays boosted their price objective on shares of J.B. Hunt Transport Services from $175.00 to $195.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Susquehanna upgraded shares of J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 target price for the company in a research report on Friday, January 3rd. Citigroup boosted their price target on shares of J.B. Hunt Transport Services from $204.00 to $227.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, Stephens reiterated an “overweight” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $191.67.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT opened at $172.45 on Friday. J.B. Hunt Transport Services has a one year low of $153.12 and a one year high of $219.51. The company has a 50-day moving average of $180.08 and a two-hundred day moving average of $173.85. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 0.94. The stock 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.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced 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). The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. J.B. Hunt Transport Services’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period last year, the firm earned $1.47 earnings per share. On average, equities research analysts expect that J.B. Hunt Transport Services will post 5.67 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Darren P. Field sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total transaction of $275,250.00. Following the completion of the transaction, the executive vice president now directly owns 12,650 shares in the company, valued at $2,321,275. The trade was a 10.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Shelley Simpson sold 6,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 82,264 shares of the company’s stock, valued at $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 three months, insiders sold 11,459 shares of company stock valued at $2,136,277. Company insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On J.B. Hunt Transport Services

Several large investors have recently bought and sold shares of the stock. Perpetual Ltd grew its position in J.B. Hunt Transport Services by 64.3% in the 4th quarter. Perpetual Ltd now owns 4,268 shares of the transportation company’s stock worth $728,000 after purchasing an additional 1,670 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in J.B. Hunt Transport Services by 155.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 537 shares of the transportation company’s stock worth $92,000 after buying an additional 327 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in J.B. Hunt Transport Services during the fourth quarter valued at about $368,000. B & T Capital Management DBA Alpha Capital Management raised its holdings in J.B. Hunt Transport Services by 2.1% in the 4th quarter. B & T Capital Management DBA Alpha Capital Management now owns 13,591 shares of the transportation company’s stock valued at $2,319,000 after acquiring an additional 282 shares in the last quarter. Finally, Merit Financial Group LLC bought a new stake in shares of J.B. Hunt Transport Services in the 4th quarter worth approximately $253,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

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.