J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Lowered to $196.00 at UBS Group

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target reduced by UBS Group from $211.00 to $196.00 in a research report sent to investors on Friday morning,Benzinga reports. UBS Group currently has a buy rating on the transportation company’s stock.

A number of other equities analysts have also recently weighed in on the company. Barclays boosted their price target on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Evercore ISI cut their price target on J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating for the company in a report on Friday. Benchmark reissued a “buy” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a report on Friday. The Goldman Sachs Group lowered their price objective on J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Finally, Citigroup lowered their price objective on J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating for the company in a research report on Friday. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $191.67.

J.B. Hunt Transport Services Stock Down 7.4 %

JBHT opened at $172.45 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 0.94. The business has a 50 day simple moving average of $180.08 and a 200-day simple moving average of $173.85. The stock has a market capitalization of $17.39 billion, a P/E ratio of 31.35, a P/E/G ratio of 2.94 and a beta of 1.16. J.B. Hunt Transport Services has a 12 month low of $153.12 and a 12 month high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.09). The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.47 earnings per share. On average, equities analysts anticipate that J.B. Hunt Transport Services will post 5.67 earnings per share for the current fiscal year.

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

In other news, EVP Eric Mcgee sold 145 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $182.72, for a total transaction of $26,494.40. Following the completion of the transaction, the executive vice president now directly owns 700 shares of the company’s stock, valued at approximately $127,904. This represents a 17.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Darren P. Field sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total value of $275,250.00. Following the transaction, the executive vice president now directly owns 12,650 shares of the company’s stock, valued at $2,321,275. This trade represents a 10.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,459 shares of company stock worth $2,136,277 over the last quarter. 2.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On J.B. Hunt Transport Services

Institutional investors have recently made changes to their positions in the stock. Arvest Bank Trust Division bought a new position in shares of J.B. Hunt Transport Services during the third quarter valued at approximately $1,578,000. Forsta AP Fonden increased its position in J.B. Hunt Transport Services by 28.2% in the 3rd quarter. Forsta AP Fonden now owns 15,900 shares of the transportation company’s stock valued at $2,740,000 after acquiring an additional 3,500 shares during the period. State Street Corp increased its position in J.B. Hunt Transport Services by 0.6% in the 3rd quarter. State Street Corp now owns 3,289,874 shares of the transportation company’s stock valued at $566,944,000 after acquiring an additional 19,826 shares during the period. Charles Schwab Investment Management Inc. increased its position in J.B. Hunt Transport Services by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 553,698 shares of the transportation company’s stock valued at $95,419,000 after acquiring an additional 12,040 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in J.B. Hunt Transport Services by 2.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 190,689 shares of the transportation company’s stock valued at $32,861,000 after acquiring an additional 3,910 shares during the period. 74.95% of the stock is owned by 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.