Stephens Has Lowered Expectations for J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Price

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) had its price objective lowered by analysts at Stephens from $170.00 to $165.00 in a research report issued on Wednesday, MarketBeat Ratings reports. The brokerage presently has an "overweight" rating on the transportation company's stock. Stephens' price objective points to a potential upside of 27.68% from the company's current price.

JBHT has been the topic of a number of other research reports. Susquehanna downgraded J.B. Hunt Transport Services from a "positive" rating to a "neutral" rating and decreased their target price for the stock from $200.00 to $165.00 in a research report on Wednesday, March 26th. TD Cowen decreased their price target on J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating for the company in a report on Wednesday. Evercore ISI lowered their price objective on shares of J.B. Hunt Transport Services from $207.00 to $202.00 and set an "outperform" rating for the company in a research report on Friday, January 17th. JPMorgan Chase & Co. decreased their target price on shares of J.B. Hunt Transport Services from $205.00 to $200.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Finally, Benchmark dropped their price target on shares of J.B. Hunt Transport Services from $195.00 to $175.00 and set a "buy" rating on the stock in a research note on Tuesday, April 1st. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $162.20.

J.B. Hunt Transport Services Trading Up 3.6 %

Shares of JBHT traded up $4.50 on Wednesday, hitting $129.23. 1,950,062 shares of the stock traded hands, compared to its average volume of 939,167. The stock's 50 day moving average is $150.62 and its two-hundred day moving average is $168.08. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $12.92 billion, a P/E ratio of 23.24, a P/E/G ratio of 1.61 and a beta of 1.27. J.B. Hunt Transport Services has a 1 year low of $122.79 and a 1 year high of $200.40.

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

Insider Activity

In related news, Director James K. Thompson sold 4,400 shares of the business's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total transaction of $771,628.00. Following the completion of the transaction, the director now owns 23,559 shares in the company, valued at $4,131,541.83. The trade was a 15.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction, the executive vice president now owns 17,822 shares of the company's stock, valued at approximately $2,881,282.74. The trade was a 6.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company's stock.

Institutional Trading of J.B. Hunt Transport Services

Several hedge funds have recently bought and sold shares of JBHT. Morse Asset Management Inc bought a new stake in shares of J.B. Hunt Transport Services during the third quarter valued at approximately $86,000. MML Investors Services LLC raised its holdings in J.B. Hunt Transport Services by 4.4% during the third quarter. MML Investors Services LLC now owns 4,667 shares of the transportation company's stock worth $804,000 after purchasing an additional 195 shares in the last quarter. Barclays PLC lifted its position in J.B. Hunt Transport Services by 37.5% in the third quarter. Barclays PLC now owns 236,177 shares of the transportation company's stock worth $40,698,000 after purchasing an additional 64,380 shares during the period. M&T Bank Corp boosted its stake in J.B. Hunt Transport Services by 7.8% during the 3rd quarter. M&T Bank Corp now owns 3,586 shares of the transportation company's stock valued at $618,000 after purchasing an additional 261 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its position in shares of J.B. Hunt Transport Services by 42.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 6,047 shares of the transportation company's stock valued at $1,103,000 after purchasing an additional 1,789 shares during the period. 74.95% of the stock is currently owned by institutional investors.

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.