Benchmark Lowers J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $175.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective dropped by analysts at Benchmark from $195.00 to $175.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Benchmark’s target price would indicate a potential upside of 19.09% from the company’s current price.

A number of other equities analysts also recently commented on JBHT. Raymond James decreased their price target on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating for the company in a research note on Tuesday, January 21st. Stephens reiterated an “overweight” rating and issued a $205.00 price target on shares of J.B. Hunt Transport Services in a report on Friday, January 17th. Stifel Nicolaus reduced their price objective on J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating on the stock in a research note on Wednesday, January 15th. Wells Fargo & Company decreased their price objective on shares of J.B. Hunt Transport Services from $190.00 to $170.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. Finally, Susquehanna cut shares of J.B. Hunt Transport Services from a “positive” rating to a “neutral” rating and dropped their target price for the stock from $200.00 to $165.00 in a report on Wednesday, March 26th. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $183.05.

J.B. Hunt Transport Services Stock Down 0.7 %

JBHT stock traded down $1.00 during midday trading on Tuesday, hitting $146.95. 98,608 shares of the company’s stock were exchanged, compared to its average volume of 899,494. The firm has a 50 day moving average price of $161.79 and a 200-day moving average price of $171.97. J.B. Hunt Transport Services has a 12-month low of $144.34 and a 12-month high of $200.40. The stock has a market capitalization of $14.70 billion, a price-to-earnings ratio of 26.43, a price-to-earnings-growth ratio of 1.61 and a beta of 1.16. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24.

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

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

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

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

A number of institutional investors and hedge funds have recently bought and sold shares of JBHT. True Wealth Design LLC raised its holdings in shares of J.B. Hunt Transport Services by 2,028.6% in 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 in the last quarter. National Pension Service bought a new position in shares of J.B. Hunt Transport Services in the fourth quarter valued at $30,000. BankPlus Trust Department acquired a new stake in shares of J.B. Hunt Transport Services during the 4th quarter valued at $34,000. Versant Capital Management Inc boosted its stake in shares of J.B. Hunt Transport Services by 102.2% during the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock worth $48,000 after acquiring an additional 142 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of J.B. Hunt Transport Services by 68.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company’s stock worth $56,000 after acquiring an additional 134 shares during the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.

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.