J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Cut to $158.00 by Analysts at Stifel Nicolaus

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) had its price target decreased by investment analysts at Stifel Nicolaus from $174.00 to $158.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a "hold" rating on the transportation company's stock. Stifel Nicolaus' target price would suggest a potential upside of 22.26% from the company's current price.

JBHT has been the subject of a number of other reports. Benchmark cut their price objective on J.B. Hunt Transport Services from $195.00 to $175.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Truist Financial started coverage on shares of J.B. Hunt Transport Services in a research report on Thursday, March 13th. They set a "hold" rating and a $165.00 target price on the stock. The Goldman Sachs Group cut their target price on J.B. Hunt Transport Services from $188.00 to $166.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Bank of America dropped their price objective on J.B. Hunt Transport Services from $189.00 to $170.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of J.B. Hunt Transport Services in a report on Friday, March 7th. They issued a "hold" rating and a $167.00 price target for the company. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $162.20.

J.B. Hunt Transport Services Stock Up 3.6 %

Shares of NASDAQ:JBHT traded up $4.50 during midday trading on Monday, hitting $129.23. 1,950,062 shares of the stock were exchanged, compared to its average volume of 939,167. J.B. Hunt Transport Services has a 52-week low of $122.79 and a 52-week high of $200.40. The business's fifty day simple moving average is $150.62 and its two-hundred day simple moving average is $168.08. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. The company has a market capitalization of $12.92 billion, a PE ratio of 23.24, a P/E/G ratio of 1.61 and a beta of 1.27.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The transportation company reported $1.17 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.02. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.92 billion. As a group, research analysts predict that J.B. Hunt Transport Services will post 6.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, Director James K. Thompson sold 4,400 shares of the firm's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total value of $771,628.00. Following the completion of the sale, the director now owns 23,559 shares of the company's stock, valued at approximately $4,131,541.83. This trade represents a 15.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Darren P. Field sold 1,200 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $161.67, for a total value of $194,004.00. Following the sale, the executive vice president now directly owns 17,822 shares of the company's stock, valued at approximately $2,881,282.74. This represents a 6.31 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.30% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. National Pension Service purchased a new position in shares of J.B. Hunt Transport Services during the 4th quarter worth $30,000. BankPlus Trust Department acquired a new stake in shares of J.B. Hunt Transport Services in the 4th quarter valued at $34,000. Versant Capital Management Inc boosted its holdings in J.B. Hunt Transport Services by 102.2% in the fourth quarter. Versant Capital Management Inc now owns 281 shares of the transportation company's stock valued at $48,000 after purchasing an additional 142 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of J.B. Hunt Transport Services by 68.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company's stock worth $56,000 after purchasing an additional 134 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in J.B. Hunt Transport Services by 33.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock worth $58,000 after purchasing an additional 86 shares during the period. 74.95% of the stock is owned by hedge funds and other 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.