UBS Group Cuts J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $211.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target reduced by UBS Group from $234.00 to $211.00 in a report published on Wednesday, Benzinga reports. UBS Group currently has a buy rating on the transportation company’s stock.

Several other research analysts have also recently weighed in on the company. Evercore ISI reduced their price target on J.B. Hunt Transport Services from $218.00 to $199.00 and set an outperform rating for the company in a research report on Wednesday. Barclays cut J.B. Hunt Transport Services from an overweight rating to an equal weight rating and cut their price objective for the company from $215.00 to $200.00 in a research report on Monday, April 1st. JPMorgan Chase & Co. cut their price objective on J.B. Hunt Transport Services from $220.00 to $212.00 and set an overweight rating for the company in a research report on Thursday, December 21st. Susquehanna cut their price objective on J.B. Hunt Transport Services from $200.00 to $195.00 and set a neutral rating for the company in a research report on Monday, March 25th. Finally, Raymond James boosted their price objective on J.B. Hunt Transport Services from $200.00 to $209.00 and gave the company an outperform rating in a research report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $194.56.

J.B. Hunt Transport Services Stock Up 1.9 %

Shares of JBHT stock opened at $167.30 on Wednesday. The stock has a 50 day moving average of $197.94 and a 200 day moving average of $192.83. The company has a current ratio of 1.26, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33. The stock has a market cap of $17.28 billion, a P/E ratio of 26.56, a P/E/G ratio of 1.96 and a beta of 1.11. J.B. Hunt Transport Services has a twelve month low of $160.07 and a twelve month high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Thursday, January 18th. The transportation company reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.27). The company 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 16.25%. The firm’s revenue was down 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.92 earnings per share. As a group, sell-side analysts expect that J.B. Hunt Transport Services will post 6.99 EPS for the current year.

Insider Transactions at J.B. Hunt Transport Services

In other news, insider Alfred C. Harper sold 6,500 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $212.71, for a total value of $1,382,615.00. Following the sale, the insider now directly owns 42,411 shares of the company’s stock, valued at $9,021,243.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Patrick J. Ottensmeyer acquired 5,000 shares of the stock in a transaction on Monday, March 4th. The shares were bought at an average price of $202.99 per share, with a total value of $1,014,950.00. Following the completion of the purchase, the director now owns 5,000 shares of the company’s stock, valued at approximately $1,014,950. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alfred C. Harper sold 6,500 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $212.71, for a total value of $1,382,615.00. Following the transaction, the insider now directly owns 42,411 shares in the company, valued at approximately $9,021,243.81. The disclosure for this sale can be found here. Insiders have sold 20,432 shares of company stock valued at $4,309,687 over the last ninety days. Insiders own 2.10% of the company’s stock.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Clear Street Markets LLC boosted its stake in J.B. Hunt Transport Services by 94.0% during the first quarter. Clear Street Markets LLC now owns 161 shares of the transportation company’s stock worth $28,000 after buying an additional 78 shares during the last quarter. VisionPoint Advisory Group LLC lifted its stake in shares of J.B. Hunt Transport Services by 104.8% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 87 shares during the last quarter. Salem Investment Counselors Inc. lifted its stake in shares of J.B. Hunt Transport Services by 69.1% in the 2nd quarter. Salem Investment Counselors Inc. now owns 208 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 85 shares during the last quarter. Operose Advisors LLC acquired a new position in shares of J.B. Hunt Transport Services in the 3rd quarter valued at $34,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of J.B. Hunt Transport Services in the 3rd quarter valued at $36,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

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.