J.B. Hunt Transport Services (NASDAQ:JBHT) Given New $200.00 Price Target at BMO Capital Markets

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price dropped by BMO Capital Markets from $218.00 to $200.00 in a report issued on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the transportation company’s stock. BMO Capital Markets’ price objective points to a potential upside of 18.96% from the stock’s previous close.

A number of other research analysts have also recently weighed in on the stock. Robert W. Baird lowered their target price on shares of J.B. Hunt Transport Services from $215.00 to $205.00 and set an “outperform” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. decreased their price target on shares of J.B. Hunt Transport Services from $220.00 to $212.00 and set an “overweight” rating on the stock in a research note on Thursday, December 21st. StockNews.com downgraded shares of J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a research note on Friday, March 8th. TD Cowen decreased their price target on shares of J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating on the stock in a research note on Wednesday. Finally, Raymond James lifted their target price on shares of J.B. Hunt Transport Services from $200.00 to $209.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $195.83.

J.B. Hunt Transport Services Trading Down 8.1 %

Shares of JBHT stock opened at $168.13 on Thursday. J.B. Hunt Transport Services has a 1 year low of $160.07 and a 1 year high of $219.51. The firm has a fifty day moving average price of $199.89 and a 200-day moving average price of $193.17. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.15. The company has a market cap of $17.37 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 1.61 and a beta of 1.11.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Thursday, January 18th. The transportation company reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.27). J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.40%. The business had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same period in the previous year, the firm earned $1.92 EPS. The company’s revenue was down 9.6% on a year-over-year basis. As a group, equities analysts predict that J.B. Hunt Transport Services will post 7.57 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Patrick J. Ottensmeyer acquired 5,000 shares of J.B. Hunt Transport Services stock in a transaction dated Monday, March 4th. The stock was acquired at an average price of $202.99 per share, for a total transaction of $1,014,950.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at $1,014,950. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP David Keefauver sold 978 shares of the company’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $205.06, for a total value of $200,548.68. Following the completion of the sale, the executive vice president now owns 1,119 shares in the company, valued at approximately $229,462.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Patrick J. Ottensmeyer purchased 5,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average price of $202.99 per share, with a total value of $1,014,950.00. Following the transaction, the director now owns 5,000 shares in the company, valued at $1,014,950. The disclosure for this purchase can be found here. Insiders sold 20,432 shares of company stock worth $4,309,687 in the last 90 days. Corporate insiders own 2.10% of the company’s stock.

Institutional Trading of J.B. Hunt Transport Services

Several institutional investors and hedge funds have recently bought and sold shares of JBHT. Aviva PLC increased its stake in J.B. Hunt Transport Services by 45.3% in the 3rd quarter. Aviva PLC now owns 52,155 shares of the transportation company’s stock valued at $9,832,000 after buying an additional 16,249 shares during the period. EverSource Wealth Advisors LLC increased its stake in J.B. Hunt Transport Services by 3.8% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 36,442 shares of the transportation company’s stock valued at $6,870,000 after buying an additional 1,331 shares during the period. International Assets Investment Management LLC acquired a new position in J.B. Hunt Transport Services in the 4th quarter valued at $11,513,000. Natixis Advisors L.P. grew its stake in shares of J.B. Hunt Transport Services by 38.4% during the 3rd quarter. Natixis Advisors L.P. now owns 41,835 shares of the transportation company’s stock worth $7,887,000 after purchasing an additional 11,613 shares during the period. Finally, California Public Employees Retirement System grew its stake in shares of J.B. Hunt Transport Services by 0.9% during the 3rd quarter. California Public Employees Retirement System now owns 153,367 shares of the transportation company’s stock worth $28,913,000 after purchasing an additional 1,393 shares during the period. Hedge funds and other institutional investors own 74.95% of the company’s stock.

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.