J.B. Hunt Transport Services (NASDAQ:JBHT) Given New $140.00 Price Target at TD Cowen

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) had its target price decreased by research analysts at TD Cowen from $160.00 to $140.00 in a note issued to investors on Wednesday, Marketbeat reports. The firm presently has a "hold" rating on the transportation company's stock. TD Cowen's price objective would suggest a potential upside of 12.34% from the stock's current price.

JBHT has been the subject of several other research reports. Bank of America decreased their price objective on J.B. Hunt Transport Services from $189.00 to $170.00 and set a "buy" rating for the company in a report on Monday, March 17th. Barclays reduced their price objective on shares of J.B. Hunt Transport Services from $180.00 to $165.00 and set an "equal weight" rating for the company in a report on Wednesday, April 2nd. Raymond James dropped their price target on shares of J.B. Hunt Transport Services from $190.00 to $165.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Benchmark dropped their target price on J.B. Hunt Transport Services from $195.00 to $175.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. Finally, Wells Fargo & Company decreased their price target on J.B. Hunt Transport Services from $190.00 to $170.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $162.20.

J.B. Hunt Transport Services Trading Down 3.6 %

Shares of NASDAQ:JBHT traded down $4.61 during mid-day trading on Wednesday, hitting $124.62. The company had a trading volume of 477,789 shares, compared to its average volume of 935,313. The company has a market capitalization of $12.46 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 1.61 and a beta of 1.27. J.B. Hunt Transport Services has a one year low of $122.79 and a one year high of $200.40. The firm has a fifty day moving average price of $150.62 and a 200 day moving average price of $168.08. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $2.92 billion. As a group, research analysts forecast that J.B. Hunt Transport Services will post 6.37 EPS for the current year.

Insider Buying and Selling at J.B. Hunt Transport Services

In related news, Director James K. Thompson sold 4,400 shares of the business's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total transaction of $771,628.00. Following the sale, the director now directly owns 23,559 shares in the company, valued at approximately $4,131,541.83. The trade was a 15.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Darren P. Field sold 1,200 shares of the firm's 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 completion of the transaction, the executive vice president now 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

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

About J.B. Hunt Transport Services

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.