Loop Capital Trims J.B. Hunt Transport Services (NASDAQ:JBHT) Target Price to $177.00

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) had its price target reduced by research analysts at Loop Capital from $200.00 to $177.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a "hold" rating on the transportation company's stock. Loop Capital's price target points to a potential upside of 7.80% from the stock's current price.

A number of other equities research analysts also recently commented on JBHT. Benchmark reiterated a "buy" rating and set a $215.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday. Bank of America cut their target price on shares of J.B. Hunt Transport Services from $215.00 to $199.00 and set a "buy" rating on the stock in a research note on Wednesday. Stephens dropped their price target on shares of J.B. Hunt Transport Services from $210.00 to $192.00 and set an "overweight" rating on the stock in a research note on Wednesday. StockNews.com downgraded shares of J.B. Hunt Transport Services from a "hold" rating to a "sell" rating in a research note on Friday, March 8th. Finally, Barclays dropped their price target on shares of J.B. Hunt Transport Services from $200.00 to $170.00 and set an "equal weight" rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $194.56.

J.B. Hunt Transport Services Price Performance

JBHT traded down $3.93 during trading on Thursday, reaching $164.20. The stock had a trading volume of 1,875,416 shares, compared to its average volume of 825,813. The firm has a market capitalization of $16.96 billion, a price-to-earnings ratio of 26.06, a price-to-earnings-growth ratio of 1.61 and a beta of 1.11. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. J.B. Hunt Transport Services has a 1-year low of $160.07 and a 1-year high of $219.51. The stock has a 50 day moving average of $198.90 and a two-hundred day moving average of $192.97.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its earnings results on Thursday, January 18th. The transportation company reported $1.47 earnings per share for the quarter, missing analysts' consensus estimates of $1.74 by ($0.27). The firm had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.29 billion. J.B. Hunt Transport Services had a return on equity of 16.40% and a net margin of 5.25%. The business's revenue for the quarter was down 9.6% on a year-over-year basis. During the same quarter last year, the company earned $1.92 earnings per share. As a group, equities analysts anticipate that J.B. Hunt Transport Services will post 7.57 EPS for the current fiscal year.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, CFO John Kuhlow sold 3,500 shares of the company's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $213.00, for a total transaction of $745,500.00. Following the completion of the sale, the chief financial officer now directly owns 10,537 shares in the company, valued at $2,244,381. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other J.B. Hunt Transport Services news, CFO John Kuhlow sold 3,500 shares of the company's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $213.00, for a total transaction of $745,500.00. Following the completion of the sale, the chief financial officer now directly owns 10,537 shares in the company, valued at $2,244,381. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Patrick J. Ottensmeyer purchased 5,000 shares of the firm's stock in a transaction on Monday, March 4th. The shares were purchased at an average price of $202.99 per share, with a total value of $1,014,950.00. Following the completion of the acquisition, the director now directly owns 5,000 shares of the company's stock, valued at $1,014,950. The disclosure for this purchase can be found here. Insiders have sold 20,432 shares of company stock valued at $4,309,687 over the last three months. 2.10% of the stock is currently owned by insiders.

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

Several hedge funds have recently made changes to their positions in JBHT. Clear Street Markets LLC grew its position in J.B. Hunt Transport Services by 94.0% during the first quarter. Clear Street Markets LLC now owns 161 shares of the transportation company's stock worth $28,000 after buying an additional 78 shares in the last quarter. VisionPoint Advisory Group LLC grew its position in J.B. Hunt Transport Services by 104.8% during the third quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company's stock worth $32,000 after buying an additional 87 shares in the last quarter. Operose Advisors LLC acquired a new stake in J.B. Hunt Transport Services during the third quarter worth about $34,000. VitalStone Financial LLC acquired a new stake in J.B. Hunt Transport Services during the first quarter worth about $38,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in J.B. Hunt Transport Services during the third quarter worth about $36,000. Institutional investors 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.