Robert W. Baird Trims J.B. Hunt Transport Services (NASDAQ:JBHT) Target Price to $205.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price trimmed by Robert W. Baird from $215.00 to $205.00 in a report published on Wednesday morning, Benzinga reports. The brokerage currently has an outperform rating on the transportation company’s stock.

Several other equities research analysts have also weighed in on the company. Susquehanna lowered their price objective on J.B. Hunt Transport Services from $195.00 to $185.00 and set a neutral rating on the stock in a research note on Wednesday. UBS Group decreased their price target on J.B. Hunt Transport Services from $234.00 to $211.00 and set a buy rating on the stock in a research report on Wednesday. Raymond James increased their price target on J.B. Hunt Transport Services from $200.00 to $209.00 and gave the stock an outperform rating in a research report on Tuesday, January 16th. StockNews.com lowered J.B. Hunt Transport Services from a hold rating to a sell rating in a research report on Friday, March 8th. Finally, Benchmark restated a buy rating and set a $215.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $194.56.

J.B. Hunt Transport Services Trading Up 1.9 %

J.B. Hunt Transport Services stock opened at $167.30 on Wednesday. J.B. Hunt Transport Services has a 12 month low of $160.07 and a 12 month high of $219.51. The stock has a market cap of $17.28 billion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. The business has a 50 day moving average price of $197.94 and a two-hundred day moving average price of $192.83. The company has a quick ratio of 1.15, a current ratio of 1.26 and a debt-to-equity ratio of 0.33.

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

Insider Activity

In related news, Director Patrick J. Ottensmeyer purchased 5,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were bought at an average price of $202.99 per share, with a total value of $1,014,950.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $1,014,950. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Patrick J. Ottensmeyer purchased 5,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were bought at an average price of $202.99 per share, with a total value of $1,014,950.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $1,014,950. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alfred C. Harper sold 6,500 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $212.71, for a total value of $1,382,615.00. Following the completion of the transaction, the insider now directly owns 42,411 shares in the company, valued at approximately $9,021,243.81. The disclosure for this sale can be found here. Insiders have sold a total of 20,432 shares of company stock valued at $4,309,687 in the last 90 days. 2.10% of the stock is owned by company insiders.

Institutional Trading of J.B. Hunt Transport Services

Several hedge funds have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC raised its stake in J.B. Hunt Transport Services by 7.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 825 shares of the transportation company’s stock worth $165,000 after buying an additional 54 shares during the period. Mackenzie Financial Corp raised its stake in J.B. Hunt Transport Services by 0.9% during the 1st quarter. Mackenzie Financial Corp now owns 6,297 shares of the transportation company’s stock worth $1,264,000 after buying an additional 56 shares during the period. Drive Wealth Management LLC raised its stake in J.B. Hunt Transport Services by 3.5% during the 4th quarter. Drive Wealth Management LLC now owns 1,696 shares of the transportation company’s stock worth $339,000 after buying an additional 57 shares during the period. Garrison Asset Management LLC raised its stake in J.B. Hunt Transport Services by 0.4% during the 3rd quarter. Garrison Asset Management LLC now owns 13,432 shares of the transportation company’s stock worth $2,532,000 after buying an additional 59 shares during the period. Finally, Yousif Capital Management LLC raised its stake in shares of J.B. Hunt Transport Services by 0.5% in the 1st quarter. Yousif Capital Management LLC now owns 13,252 shares of the transportation company’s stock valued at $2,661,000 after purchasing an additional 60 shares during the period. Institutional investors and hedge funds 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.