JPMorgan Chase & Co. Issues Pessimistic Forecast for J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Price

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target trimmed by JPMorgan Chase & Co. from $205.00 to $200.00 in a research note issued to investors on Friday,Benzinga reports. They currently have an overweight rating on the transportation company’s stock.

Several other equities analysts have also commented on JBHT. Stephens reaffirmed an “overweight” rating and set a $195.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Loop Capital raised their price objective on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. TD Cowen lowered their target price on J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating for the company in a research note on Friday. Evercore ISI raised their price target on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, Benchmark reaffirmed a “buy” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a research note on Friday, January 10th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and a consensus target price of $191.67.

J.B. Hunt Transport Services Trading Down 7.4 %

Shares of JBHT stock opened at $172.45 on Friday. The business has a 50-day moving average price of $180.08 and a two-hundred day moving average price of $173.85. J.B. Hunt Transport Services has a 12-month low of $153.12 and a 12-month high of $219.51. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. The firm has a market cap of $17.39 billion, a P/E ratio of 31.35, a price-to-earnings-growth ratio of 2.94 and a beta of 1.16.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its 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 return on equity of 13.92% and a net margin of 4.65%. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the previous year, the firm earned $1.47 EPS. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. Equities analysts anticipate that J.B. Hunt Transport Services will post 5.67 EPS for the current fiscal year.

Insider Activity at J.B. Hunt Transport Services

In other news, SVP Kevin Bracy sold 1,614 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $189.87, for a total transaction of $306,450.18. Following the completion of the transaction, the senior vice president now directly owns 8,235 shares of the company’s stock, valued at $1,563,579.45. The trade was a 16.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Darren P. Field sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total transaction of $275,250.00. Following the completion of the sale, the executive vice president now owns 12,650 shares in the company, valued at $2,321,275. This represents a 10.60 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,459 shares of company stock valued at $2,136,277. 2.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Catalyst Capital Advisors LLC bought a new position in shares of J.B. Hunt Transport Services in the 3rd quarter worth approximately $26,000. True Wealth Design LLC increased its holdings in J.B. Hunt Transport Services by 2,028.6% during the third quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock valued at $26,000 after buying an additional 142 shares during the last quarter. Cromwell Holdings LLC raised its position in J.B. Hunt Transport Services by 47.2% in the third quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company’s stock worth $41,000 after acquiring an additional 76 shares during the period. Versant Capital Management Inc boosted its stake in shares of 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 worth $48,000 after acquiring an additional 142 shares during the last quarter. Finally, Huntington National Bank grew its position in shares of J.B. Hunt Transport Services by 21.8% during the 3rd quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock valued at $59,000 after acquiring an additional 61 shares during the period. 74.95% of the stock is owned by hedge funds and other institutional investors.

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.