J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Lowered to $200.00 at JPMorgan Chase & Co.

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target dropped by equities research analysts at JPMorgan Chase & Co. from $205.00 to $200.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 16.10% from the company’s previous close.

A number of other brokerages have also issued reports on JBHT. Wells Fargo & Company decreased their target price on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “overweight” rating for the company in a research note on Friday. Raymond James lifted their target price on shares of J.B. Hunt Transport Services from $195.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Loop Capital lifted 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 note on Thursday, October 17th. Stephens reaffirmed an “overweight” rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $193.83.

J.B. Hunt Transport Services Stock Down 7.5 %

NASDAQ:JBHT traded down $13.93 during trading hours on Friday, hitting $172.27. 835,878 shares of the stock traded hands, compared to its average volume of 810,927. The firm has a 50 day moving average price of $180.47 and a 200 day moving average price of $173.76. The firm has a market cap of $17.37 billion, a price-to-earnings ratio of 31.42, a PEG ratio of 2.94 and a beta of 1.16. J.B. Hunt Transport Services has a fifty-two week low of $153.12 and a fifty-two week high of $219.51. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26.

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 the consensus estimate of $1.62 by ($0.09). J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same period in the previous year, the firm posted $1.47 earnings per share. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. Equities research analysts anticipate that J.B. Hunt Transport Services will post 5.67 earnings per share for the current year.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Eric Mcgee sold 145 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $182.72, for a total transaction of $26,494.40. Following the sale, the executive vice president now owns 700 shares of the company’s stock, valued at $127,904. This represents a 17.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Shelley Simpson sold 6,000 shares of the business’s 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 completion of the transaction, the chief executive officer now directly 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. Over the last 90 days, insiders sold 11,459 shares of company stock valued at $2,136,277. Corporate insiders own 2.10% of the company’s stock.

Institutional Trading of J.B. Hunt Transport Services

Hedge funds and other institutional investors have recently modified their holdings of the stock. Catalyst Capital Advisors LLC acquired a new position in J.B. Hunt Transport Services during the 3rd quarter worth $26,000. True Wealth Design LLC raised its position in shares of J.B. Hunt Transport Services by 2,028.6% during the third quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock worth $26,000 after acquiring an additional 142 shares during the last quarter. Cromwell Holdings LLC lifted its stake in shares of J.B. Hunt Transport Services by 47.2% during 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 period. Versant Capital Management Inc boosted its holdings 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 boosted its holdings in J.B. Hunt Transport Services by 21.8% in the third quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock valued at $59,000 after acquiring an additional 61 shares during the last quarter. Institutional investors and hedge funds 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.