J B Hunt Transport Services (JBHT) Price Target Lowered to $106.00 at BMO Capital Markets

J B Hunt Transport Services (NASDAQ:JBHT) had its price target trimmed by BMO Capital Markets from $110.00 to $106.00 in a research report released on Tuesday morning, The Fly reports. The firm currently has a market perform rating on the transportation company’s stock.

JBHT has been the topic of a number of other research reports. Morgan Stanley dropped their price target on J B Hunt Transport Services from $118.00 to $113.00 and set an equal weight rating on the stock in a research note on Monday, January 7th. Stifel Nicolaus dropped their price target on J B Hunt Transport Services from $115.00 to $107.00 and set a hold rating on the stock in a research note on Tuesday. Zacks Investment Research upgraded J B Hunt Transport Services from a hold rating to a buy rating and set a $119.00 price target on the stock in a research note on Wednesday, January 23rd. BidaskClub upgraded J B Hunt Transport Services from a strong sell rating to a sell rating in a research note on Friday, March 29th. Finally, Cowen restated a market perform rating and issued a $122.00 price target (down previously from $129.00) on shares of J B Hunt Transport Services in a research note on Friday, January 18th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $119.14.

Shares of J B Hunt Transport Services stock opened at $100.28 on Tuesday. J B Hunt Transport Services has a 12-month low of $88.38 and a 12-month high of $131.74. The company has a market cap of $11.47 billion, a PE ratio of 17.69, a P/E/G ratio of 1.44 and a beta of 1.13. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43.

J B Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Monday, April 15th. The transportation company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.16). J B Hunt Transport Services had a net margin of 5.61% and a return on equity of 30.31%. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter last year, the company posted $1.07 EPS. The firm’s revenue was up 7.3% on a year-over-year basis. As a group, equities analysts expect that J B Hunt Transport Services will post 6.09 earnings per share for the current fiscal year.

In other news, COO Alfred C. Harper sold 7,100 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $105.87, for a total transaction of $751,677.00. Following the sale, the chief operating officer now directly owns 16,756 shares of the company’s stock, valued at approximately $1,773,957.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO David G. Mee sold 2,886 shares of the stock in a transaction on Monday, February 11th. The stock was sold at an average price of $109.06, for a total value of $314,747.16. Following the sale, the chief financial officer now directly owns 110,500 shares in the company, valued at $12,051,130. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,986 shares of company stock worth $1,402,544. 3.60% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the stock. CWM LLC lifted its position in shares of J B Hunt Transport Services by 59.5% during the 4th quarter. CWM LLC now owns 276 shares of the transportation company’s stock worth $26,000 after buying an additional 103 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of J B Hunt Transport Services by 72.6% during the 4th quarter. Parallel Advisors LLC now owns 302 shares of the transportation company’s stock worth $28,000 after buying an additional 127 shares during the last quarter. Somerset Trust Co lifted its position in shares of J B Hunt Transport Services by 169.1% during the 1st quarter. Somerset Trust Co now owns 296 shares of the transportation company’s stock worth $30,000 after buying an additional 186 shares during the last quarter. CSat Investment Advisory L.P. lifted its position in shares of J B Hunt Transport Services by 116.0% during the 4th quarter. CSat Investment Advisory L.P. now owns 337 shares of the transportation company’s stock worth $31,000 after buying an additional 181 shares during the last quarter. Finally, Exane Asset Management bought a new stake in shares of J B Hunt Transport Services during the 4th quarter worth $41,000. Institutional investors and hedge funds own 72.46% of the company’s stock.

About J B Hunt Transport Services

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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