Bank of America Cuts J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $199.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price trimmed by Bank of America from $215.00 to $199.00 in a research report report published on Wednesday morning, Benzinga reports. The firm currently has a buy rating on the transportation company’s stock.

A number of other brokerages also recently weighed in on JBHT. Robert W. Baird lowered their price objective 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 report on Wednesday. Susquehanna lowered their price objective on shares of J.B. Hunt Transport Services from $195.00 to $185.00 and set a neutral rating on the stock in a research report on Wednesday. Evercore ISI lowered their price objective on shares of J.B. Hunt Transport Services from $218.00 to $199.00 and set an outperform rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. lowered their price objective 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 report on Thursday, December 21st. Finally, Stifel Nicolaus lowered their price objective on shares of J.B. Hunt Transport Services from $188.00 to $173.00 and set a hold rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $194.56.

J.B. Hunt Transport Services Trading Up 1.9 %

Shares of NASDAQ JBHT opened at $167.30 on Wednesday. The firm’s 50 day moving average price is $197.94 and its 200-day moving average price is $192.83. The company has a market cap of $17.28 billion, a PE ratio of 26.56, a P/E/G ratio of 1.96 and a beta of 1.11. J.B. Hunt Transport Services has a 52-week low of $160.07 and a 52-week high of $219.51. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.15 and a current ratio of 1.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Thursday, January 18th. The transportation company reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.27). The firm had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.29 billion. J.B. Hunt Transport Services had a return on equity of 16.25% and a net margin of 5.25%. The company’s quarterly revenue was down 9.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.92 EPS. On average, equities research analysts expect that J.B. Hunt Transport Services will post 6.99 EPS for the current fiscal year.

Insider Transactions at J.B. Hunt Transport Services

In other news, SVP Kevin Bracy sold 754 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $211.79, for a total value of $159,689.66. Following the completion of the sale, the senior vice president now directly owns 8,235 shares of the company’s stock, valued at $1,744,090.65. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Patrick J. Ottensmeyer bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was bought at an average cost of $202.99 per share, with a total value of $1,014,950.00. Following the completion of the purchase, the director now owns 5,000 shares of the company’s stock, valued at approximately $1,014,950. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kevin Bracy sold 754 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $211.79, for a total transaction of $159,689.66. Following the transaction, the senior vice president now directly owns 8,235 shares of the company’s stock, valued at $1,744,090.65. The disclosure for this sale can be found here. Insiders sold a total of 20,432 shares of company stock valued at $4,309,687 over the last three months. Corporate insiders own 2.10% of the company’s stock.

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

Several institutional investors have recently bought and sold shares of JBHT. Clear Street Markets LLC grew its stake in J.B. Hunt Transport Services by 94.0% during the first quarter. Clear Street Markets LLC now owns 161 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 78 shares in the last quarter. VisionPoint Advisory Group LLC grew its stake in J.B. Hunt Transport Services by 104.8% during the third quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 87 shares in the last quarter. Salem Investment Counselors Inc. grew its stake in J.B. Hunt Transport Services by 69.1% during the second quarter. Salem Investment Counselors Inc. now owns 208 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 85 shares in the last quarter. Operose Advisors LLC purchased a new position in J.B. Hunt Transport Services during the third quarter valued at $34,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new position in J.B. Hunt Transport Services during the third quarter valued at $36,000. 74.95% of the stock is owned by hedge funds and other 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.