Wells Fargo & Company Has Lowered Expectations for J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Price

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target reduced by Wells Fargo & Company from $200.00 to $190.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 1.96% from the stock’s previous close.

JBHT has been the subject of a number of other research reports. Stephens restated an “overweight” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Benchmark reissued a “buy” rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a research note on Friday, January 10th. Citigroup upped their price target on shares of J.B. Hunt Transport Services from $204.00 to $227.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Loop Capital upped their target price on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Finally, Evercore ISI boosted their price target on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.00.

J.B. Hunt Transport Services Trading Down 0.1 %

Shares of J.B. Hunt Transport Services stock opened at $186.34 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 stock has a market capitalization of $18.79 billion, a PE ratio of 33.88, a P/E/G ratio of 2.94 and a beta of 1.16. J.B. Hunt Transport Services has a 1-year low of $153.12 and a 1-year high of $219.51. The company’s fifty day simple moving average is $180.47 and its 200-day simple moving average is $173.76.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its 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 company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.13 billion. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. J.B. Hunt Transport Services’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period last year, the firm posted $1.47 EPS. As a group, equities analysts anticipate that J.B. Hunt Transport Services will post 5.67 earnings per share for the current year.

Insider Activity

In other news, EVP Eric Mcgee sold 145 shares of the stock in a transaction 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 in the company, valued at approximately $127,904. This represents a 17.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Spencer Frazier sold 2,200 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total transaction of $427,262.00. Following the completion of the transaction, the executive vice president now directly owns 4,050 shares in the company, valued at $786,550.50. The trade was a 35.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,459 shares of company stock worth $2,136,277 over the last quarter. 2.10% of the stock is currently owned by corporate insiders.

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

Several large investors have recently made changes to their positions in the stock. Catalyst Capital Advisors LLC acquired a new stake in J.B. Hunt Transport Services in the 3rd quarter valued at about $26,000. True Wealth Design LLC raised its holdings in shares of J.B. Hunt Transport Services by 2,028.6% in the 3rd quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 142 shares in the last quarter. Cromwell Holdings LLC raised its stake in J.B. Hunt Transport Services by 47.2% in the third quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company’s stock valued at $41,000 after buying an additional 76 shares in the last quarter. Versant Capital Management Inc lifted its holdings in J.B. Hunt Transport Services by 102.2% during the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock worth $48,000 after buying an additional 142 shares during the last quarter. Finally, Huntington National Bank boosted its holdings in J.B. Hunt Transport Services by 21.8% in the third quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock valued at $59,000 after purchasing an additional 61 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

About J.B. Hunt Transport Services

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.