Raymond James Lowers J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $190.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective reduced by stock analysts at Raymond James from $200.00 to $190.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the transportation company’s stock. Raymond James’ target price would suggest a potential upside of 9.45% from the company’s current price.

A number of other research analysts also recently issued reports on JBHT. UBS Group cut their price target on J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating on the stock in a report on Friday. Bank of America increased their price target on J.B. Hunt Transport Services from $195.00 to $206.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Benchmark reissued a “buy” rating and set a $195.00 target price on shares of J.B. Hunt Transport Services in a research report on Friday. Finally, Barclays upped their price target on shares of J.B. Hunt Transport Services from $175.00 to $195.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.11.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT traded up $1.14 on Tuesday, reaching $173.59. 615,189 shares of the stock were exchanged, compared to its average volume of 1,006,156. The firm has a market capitalization of $17.50 billion, a PE ratio of 31.28, a PEG ratio of 3.03 and a beta of 1.16. J.B. Hunt Transport Services has a one year low of $153.12 and a one year high of $219.51. The company’s 50-day simple moving average is $179.58 and its two-hundred day simple moving average is $174.16. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.09). The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period last year, the firm posted $1.47 earnings per share. Analysts expect that J.B. Hunt Transport Services will post 7.01 EPS for the current fiscal year.

Insider Activity

In other news, EVP Spencer Frazier sold 2,200 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total value of $427,262.00. Following the completion of the transaction, the executive vice president now directly owns 4,050 shares of the company’s stock, valued at approximately $786,550.50. The trade was a 35.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Darren P. Field sold 1,500 shares of the stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total transaction of $275,250.00. Following the sale, the executive vice president now owns 12,650 shares in the company, valued at approximately $2,321,275. This trade represents a 10.60 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,459 shares of company stock worth $2,136,277. 2.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On J.B. Hunt Transport Services

Large investors have recently added to or reduced their stakes in the stock. Paloma Partners Management Co boosted its holdings in shares of J.B. Hunt Transport Services by 14,254.9% in the third quarter. Paloma Partners Management Co now owns 185,896 shares of the transportation company’s stock valued at $32,035,000 after acquiring an additional 184,601 shares in the last quarter. Mizuho Securities USA LLC boosted its stake in J.B. Hunt Transport Services by 2,384.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 156,097 shares of the transportation company’s stock valued at $25,297,000 after purchasing an additional 149,815 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of J.B. Hunt Transport Services by 155.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 220,840 shares of the transportation company’s stock valued at $37,689,000 after purchasing an additional 134,476 shares during the period. AQR Capital Management LLC increased its position in shares of J.B. Hunt Transport Services by 282.8% during the 2nd quarter. AQR Capital Management LLC now owns 173,637 shares of the transportation company’s stock valued at $27,740,000 after purchasing an additional 128,283 shares during the period. Finally, Parnassus Investments LLC raised its stake in shares of J.B. Hunt Transport Services by 14.1% in the 3rd quarter. Parnassus Investments LLC now owns 753,005 shares of the transportation company’s stock worth $129,765,000 after buying an additional 93,213 shares in the last quarter. 74.95% of the stock is 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.