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

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target trimmed by Raymond James from $200.00 to $190.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an outperform rating on the transportation company’s stock.

Several other brokerages have also commented on JBHT. Wells Fargo & Company decreased their price target on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. The Goldman Sachs Group dropped their price target on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Stifel Nicolaus decreased their price objective on shares of J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating on the stock in a report on Wednesday, January 15th. Bank of America lifted their target price on shares of J.B. Hunt Transport Services from $195.00 to $206.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Finally, TD Cowen decreased their price target on J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating on the stock in a research note on Friday, January 17th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and an average target price of $191.11.

J.B. Hunt Transport Services Trading Down 2.6 %

Shares of JBHT stock opened at $170.28 on Tuesday. 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 has a twelve month low of $153.12 and a twelve month high of $219.51. The company’s 50-day moving average price is $178.65 and its 200-day moving average price is $174.25. The stock has a market cap of $17.17 billion, a price-to-earnings ratio of 30.63, a PEG ratio of 1.58 and a beta of 1.16.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share 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 analyst estimates of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.47 earnings per share. As a group, equities analysts predict that J.B. Hunt Transport Services will post 6.71 earnings per share for the current year.

Insider Buying and Selling

In other news, Director James K. Thompson sold 4,400 shares of the company’s stock in a transaction dated 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 directly owns 23,559 shares of the company’s stock, valued at approximately $4,131,541.83. This represents a 15.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Shelley Simpson sold 6,000 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $183.47, for a total value of $1,100,820.00. Following the sale, the chief executive officer now directly owns 82,264 shares in the company, valued at $15,092,976.08. This trade represents a 6.80 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,859 shares of company stock worth $2,907,905. Corporate insiders own 2.10% of the company’s stock.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Canada Pension Plan Investment Board increased its position in shares of J.B. Hunt Transport Services by 12.1% during the second quarter. Canada Pension Plan Investment Board now owns 35,062 shares of the transportation company’s stock worth $5,610,000 after purchasing an additional 3,774 shares in the last quarter. Ensign Peak Advisors Inc increased its position in J.B. Hunt Transport Services by 70.5% during the second quarter. Ensign Peak Advisors Inc now owns 49,925 shares of the transportation company’s stock worth $7,988,000 after buying an additional 20,650 shares during the period. ProShare Advisors LLC lifted its stake in J.B. Hunt Transport Services by 8.4% in the second quarter. ProShare Advisors LLC now owns 11,257 shares of the transportation company’s stock valued at $1,801,000 after buying an additional 870 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in J.B. Hunt Transport Services by 80.0% in the second quarter. Public Sector Pension Investment Board now owns 2,968 shares of the transportation company’s stock valued at $475,000 after buying an additional 1,319 shares during the last quarter. Finally, Xponance Inc. grew its position in shares of J.B. Hunt Transport Services by 116.2% during the second quarter. Xponance Inc. now owns 28,493 shares of the transportation company’s stock worth $4,559,000 after acquiring an additional 15,312 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

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.