Evercore ISI Has Lowered Expectations for J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Price

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price decreased by Evercore ISI from $207.00 to $202.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the transportation company’s stock. Evercore ISI’s target price would indicate a potential upside of 17.26% from the stock’s previous close.

A number of other research analysts also recently weighed in on the company. BMO Capital Markets reissued an “outperform” rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Stephens reiterated an “overweight” rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Raymond James increased their target price on J.B. Hunt Transport Services from $195.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. The Goldman Sachs Group dropped their price target on J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Finally, Stifel Nicolaus reduced their price objective on J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating for the company in a research report on Wednesday. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $193.83.

J.B. Hunt Transport Services Stock Down 7.5 %

Shares of JBHT traded down $13.93 during trading hours on Friday, reaching $172.27. The company’s stock had a trading volume of 835,878 shares, compared to its average volume of 810,927. 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 $17.37 billion, a price-to-earnings ratio of 31.42, a P/E/G ratio of 2.94 and a beta of 1.16. The company has a 50 day moving average of $180.47 and a two-hundred day moving average of $173.76. J.B. Hunt Transport Services has a 1-year low of $153.12 and a 1-year high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly 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). The firm had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.13 billion. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same period last year, the business earned $1.47 earnings per share. As a group, research analysts predict 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 related news, CEO Shelley Simpson sold 6,000 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $183.47, for a total transaction of $1,100,820.00. Following the completion of the transaction, the chief executive officer now directly owns 82,264 shares in the company, valued at approximately $15,092,976.08. This trade represents a 6.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Eric Mcgee sold 145 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $182.72, for a total value of $26,494.40. Following the completion of the transaction, the executive vice president now owns 700 shares of the company’s stock, valued at $127,904. The trade was a 17.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,459 shares of company stock worth $2,136,277 in the last quarter. Corporate insiders own 2.10% of the company’s stock.

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

Several hedge funds and other institutional investors have recently made changes to their positions in JBHT. Dimensional Fund Advisors LP raised its position in J.B. Hunt Transport Services by 25.5% during the second quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock worth $152,589,000 after acquiring an additional 193,684 shares in the last quarter. Paloma Partners Management Co increased its stake in shares of J.B. Hunt Transport Services by 14,254.9% during the 3rd quarter. Paloma Partners Management Co now owns 185,896 shares of the transportation company’s stock worth $32,035,000 after purchasing an additional 184,601 shares during the last quarter. Mizuho Securities USA LLC raised its holdings in shares of J.B. Hunt Transport Services by 2,384.8% in 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 during the period. Assenagon Asset Management S.A. lifted its stake in J.B. Hunt Transport Services by 155.7% in 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 last quarter. Finally, AQR Capital Management LLC grew its holdings in J.B. Hunt Transport Services by 282.8% during the second quarter. AQR Capital Management LLC now owns 173,637 shares of the transportation company’s stock worth $27,740,000 after purchasing an additional 128,283 shares during the period. 74.95% of the stock is owned by 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.