J.B. Hunt Transport Services (NASDAQ:JBHT) Given New $190.00 Price Target at Wells Fargo & Company

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective reduced by equities research analysts at Wells Fargo & Company from $200.00 to $190.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 1.96% from the company’s current price.

Other analysts also recently issued research reports about the stock. TD Cowen cut their price target on shares of J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating for the company in a report on Friday. Raymond James boosted their target price on shares of J.B. Hunt Transport Services from $195.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Loop Capital raised their price objective on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. The Goldman Sachs Group cut their price objective on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Finally, Stifel Nicolaus dropped their target price on shares of J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating on the stock in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and a consensus target price of $192.00.

J.B. Hunt Transport Services Price Performance

Shares of JBHT stock opened at $186.34 on Friday. J.B. Hunt Transport Services has a 52 week low of $153.12 and a 52 week high of $219.51. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. The stock’s fifty day moving average is $180.47 and its 200-day moving average is $173.76. The stock has a market capitalization of $18.79 billion, a PE ratio of 33.88, a PEG ratio of 2.94 and a beta of 1.16.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.09). J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. The business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter last year, the firm earned $1.47 EPS. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. Equities research analysts expect that J.B. Hunt Transport Services will post 5.67 EPS for the current fiscal year.

Insider Activity at J.B. Hunt Transport Services

In other news, CEO Shelley Simpson sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $183.47, for a total value of $1,100,820.00. Following the completion of the transaction, the chief executive officer now owns 82,264 shares in the company, valued at $15,092,976.08. This trade represents a 6.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Darren P. Field sold 1,500 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total value of $275,250.00. Following the completion of the transaction, the executive vice president now owns 12,650 shares of the company’s stock, valued at approximately $2,321,275. This trade represents a 10.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,459 shares of company stock worth $2,136,277 in the last ninety days. 2.10% of the stock is owned by company insiders.

Institutional Trading of J.B. Hunt Transport Services

Hedge funds and other institutional investors have recently modified their holdings of the business. Perpetual Ltd boosted its stake in J.B. Hunt Transport Services by 64.3% during the fourth quarter. Perpetual Ltd now owns 4,268 shares of the transportation company’s stock worth $728,000 after acquiring an additional 1,670 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of J.B. Hunt Transport Services by 155.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 537 shares of the transportation company’s stock worth $92,000 after buying an additional 327 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of J.B. Hunt Transport Services during the fourth quarter valued at $368,000. B & T Capital Management DBA Alpha Capital Management lifted its stake in shares of J.B. Hunt Transport Services by 2.1% in the fourth quarter. B & T Capital Management DBA Alpha Capital Management now owns 13,591 shares of the transportation company’s stock worth $2,319,000 after buying an additional 282 shares in the last quarter. Finally, Merit Financial Group LLC bought a new position in shares of J.B. Hunt Transport Services during the 4th quarter valued at $253,000. 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.