J.B. Hunt Transport Services (NASDAQ:JBHT) Given New $150.00 Price Target at JPMorgan Chase & Co.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) had its price objective decreased by stock analysts at JPMorgan Chase & Co. from $167.00 to $150.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the transportation company's stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 19.70% from the stock's current price.

A number of other research firms have also recently issued reports on JBHT. Deutsche Bank Aktiengesellschaft initiated coverage on shares of J.B. Hunt Transport Services in a research note on Friday, March 7th. They issued a "hold" rating and a $167.00 price target on the stock. Stephens cut their price objective on shares of J.B. Hunt Transport Services from $170.00 to $165.00 and set an "overweight" rating for the company in a research report on Wednesday. Truist Financial initiated coverage on J.B. Hunt Transport Services in a research report on Thursday, March 13th. They issued a "hold" rating and a $165.00 target price on the stock. TD Cowen lowered their price objective on shares of J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating for the company in a research report on Wednesday. Finally, The Goldman Sachs Group lowered their price objective on shares of J.B. Hunt Transport Services from $188.00 to $166.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. 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, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $168.45.

J.B. Hunt Transport Services Stock Down 7.3 %

NASDAQ JBHT traded down $9.80 during trading on Wednesday, reaching $125.31. 1,137,927 shares of the company's stock traded hands, compared to its average volume of 945,186. The company's 50 day simple moving average is $152.97 and its two-hundred day simple moving average is $168.96. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. The firm has a market cap of $12.53 billion, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 1.61 and a beta of 1.27. J.B. Hunt Transport Services has a 12-month low of $123.34 and a 12-month high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The transportation company reported $1.17 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.02. The company had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.92 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. As a group, sell-side analysts forecast that J.B. Hunt Transport Services will post 6.37 EPS for the current fiscal year.

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

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

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

A number of institutional investors have recently modified their holdings of JBHT. National Pension Service acquired a new position in shares of J.B. Hunt Transport Services during the 4th quarter worth $30,000. BankPlus Trust Department bought a new stake in shares of J.B. Hunt Transport Services in the 4th quarter valued at about $34,000. Versant Capital Management Inc increased its position in 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 valued at $48,000 after purchasing an additional 142 shares during the period. EverSource Wealth Advisors LLC raised its stake in J.B. Hunt Transport Services by 68.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company's stock worth $56,000 after buying an additional 134 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in J.B. Hunt Transport Services by 33.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock worth $58,000 after purchasing an additional 86 shares during the period. 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.

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