J.B. Hunt Transport Services (NASDAQ:JBHT) Reaches New 52-Week Low Following Analyst Downgrade

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)’s share price hit a new 52-week low during trading on Wednesday after Loop Capital lowered their price target on the stock from $200.00 to $177.00. Loop Capital currently has a hold rating on the stock. J.B. Hunt Transport Services traded as low as $160.07 and last traded at $169.52, with a volume of 903467 shares traded. The stock had previously closed at $182.99.

A number of other brokerages have also recently commented on JBHT. Stephens decreased their price target on 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. Benchmark reiterated a “buy” rating and issued a $215.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday. Barclays cut their price objective on J.B. Hunt Transport Services from $200.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Wednesday. BMO Capital Markets cut their price objective on J.B. Hunt Transport Services from $218.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, TD Cowen cut their price objective on J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $194.56.

Insiders Place Their Bets

In related news, Director Patrick J. Ottensmeyer bought 5,000 shares of the company’s stock in a transaction on Monday, March 4th. The shares were acquired at an average cost of $202.99 per share, with a total value of $1,014,950.00. Following the completion of the acquisition, the director now owns 5,000 shares of the company’s stock, valued at approximately $1,014,950. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Patrick J. Ottensmeyer bought 5,000 shares of the company’s stock in a transaction on Monday, March 4th. The shares were acquired at an average cost of $202.99 per share, with a total value of $1,014,950.00. Following the completion of the acquisition, the director now owns 5,000 shares of the company’s stock, valued at approximately $1,014,950. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP David Keefauver sold 978 shares of the business’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $205.06, for a total value of $200,548.68. Following the completion of the sale, the executive vice president now directly owns 1,119 shares in the company, valued at $229,462.14. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,432 shares of company stock valued at $4,309,687. 2.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Aviva PLC raised its stake in shares of J.B. Hunt Transport Services by 45.3% in the third quarter. Aviva PLC now owns 52,155 shares of the transportation company’s stock worth $9,832,000 after purchasing an additional 16,249 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of J.B. Hunt Transport Services by 3.8% in the third quarter. EverSource Wealth Advisors LLC now owns 36,442 shares of the transportation company’s stock worth $6,870,000 after purchasing an additional 1,331 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of J.B. Hunt Transport Services in the fourth quarter worth $11,513,000. Natixis Advisors L.P. raised its stake in shares of J.B. Hunt Transport Services by 38.4% in the third quarter. Natixis Advisors L.P. now owns 41,835 shares of the transportation company’s stock worth $7,887,000 after purchasing an additional 11,613 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in J.B. Hunt Transport Services by 0.9% during the third quarter. California Public Employees Retirement System now owns 153,367 shares of the transportation company’s stock valued at $28,913,000 after acquiring an additional 1,393 shares during the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

The company has a market cap of $16.96 billion, a PE ratio of 26.06, a PEG ratio of 1.61 and a beta of 1.11. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.15. The business has a 50-day moving average of $198.90 and a 200 day moving average of $192.97.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Thursday, January 18th. The transportation company reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.27). The firm had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.29 billion. J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.40%. The firm’s revenue was down 9.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.92 EPS. Equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.57 EPS for the current fiscal year.

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.