J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Cut to $171.00 by Analysts at TD Cowen

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) had its price target reduced by stock analysts at TD Cowen from $180.00 to $171.00 in a research report issued on Friday, Marketbeat Ratings reports. The firm currently has a "hold" rating on the transportation company's stock. TD Cowen's target price would indicate a potential downside of 0.84% from the company's previous close.

A number of other brokerages have also commented on JBHT. BMO Capital Markets restated an "outperform" rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Stifel Nicolaus cut their target price 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. Benchmark reaffirmed a "buy" rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a research note on Friday, January 10th. Barclays boosted their price objective on shares of J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 13th. Finally, Loop Capital raised their target price on shares of J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a "hold" rating in a research report on Thursday, October 17th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $191.67.

J.B. Hunt Transport Services Stock Down 7.4 %

Shares of NASDAQ JBHT traded down $13.75 during mid-day trading on Friday, reaching $172.45. 3,299,167 shares of the company's stock were exchanged, compared to its average volume of 555,105. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26. The business has a fifty day simple moving average of $180.08 and a 200 day simple moving average of $173.85. J.B. Hunt Transport Services has a twelve month low of $153.12 and a twelve month high of $219.51. The firm has a market capitalization 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 - Get Free Report) last announced its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the previous year, the firm posted $1.47 EPS. The business's quarterly revenue was down 4.5% compared to the same quarter last year. As a group, equities analysts expect that J.B. Hunt Transport Services will post 5.67 EPS for the current fiscal year.

Insider Transactions at J.B. Hunt Transport Services

In other news, CEO Shelley Simpson sold 6,000 shares of J.B. Hunt Transport Services stock in a transaction on 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 sale, the chief executive officer now owns 82,264 shares of the company's stock, valued at approximately $15,092,976.08. This trade represents a 6.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Spencer Frazier sold 2,200 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total transaction of $427,262.00. Following the completion of the transaction, the executive vice president now owns 4,050 shares in the company, valued at $786,550.50. This trade represents a 35.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,459 shares of company stock worth $2,136,277. 2.10% of the stock is owned by insiders.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Janus Henderson Group PLC increased its stake in J.B. Hunt Transport Services by 0.7% in the third quarter. Janus Henderson Group PLC now owns 3,374,724 shares of the transportation company's stock valued at $581,567,000 after acquiring an additional 22,563 shares during the last quarter. State Street Corp increased its stake in shares of J.B. Hunt Transport Services by 0.6% in the 3rd quarter. State Street Corp now owns 3,289,874 shares of the transportation company's stock valued at $566,944,000 after purchasing an additional 19,826 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of J.B. Hunt Transport Services by 6.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,685,068 shares of the transportation company's stock worth $269,611,000 after buying an additional 105,500 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of J.B. Hunt Transport Services by 25.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company's stock worth $152,589,000 after buying an additional 193,684 shares during the last quarter. Finally, Parnassus Investments LLC boosted its stake in J.B. Hunt Transport Services by 14.1% in the third quarter. Parnassus Investments LLC now owns 753,005 shares of the transportation company's stock valued at $129,765,000 after buying an additional 93,213 shares in the last quarter. 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.