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 target price reduced by equities research analysts at UBS Group from $211.00 to $196.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. UBS Group’s price target points to a potential upside of 13.66% from the stock’s current price.

A number of other brokerages have also recently commented on JBHT. Stifel Nicolaus reduced their price target 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. Stephens reiterated an “overweight” rating and issued a $205.00 target price on shares of J.B. Hunt Transport Services in a research report on Friday. Susquehanna raised shares of J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 price target for the company in a research note on Friday, January 3rd. Loop Capital raised their price objective 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, Wells Fargo & Company lowered their target price on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “overweight” rating for the company in a research note on Friday. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $191.67.

J.B. Hunt Transport Services Stock Performance

J.B. Hunt Transport Services stock opened at $172.45 on Friday. J.B. Hunt Transport Services has a fifty-two week low of $153.12 and a fifty-two week high of $219.51. The firm’s fifty day moving average price is $180.08 and its 200-day moving average price is $173.95. The stock has a market cap of $17.39 billion, a P/E ratio of 31.35, a price-to-earnings-growth ratio of 2.94 and a beta of 1.16. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94.

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

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Eric Mcgee sold 145 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $182.72, for a total value 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. The trade was a 17.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Shelley Simpson sold 6,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $183.47, for a total transaction of $1,100,820.00. Following the sale, the chief executive officer now owns 82,264 shares in the company, valued at approximately $15,092,976.08. The trade was a 6.80 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,459 shares of company stock valued at $2,136,277. Insiders own 2.10% of the company’s stock.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JBHT. Janus Henderson Group PLC increased its holdings in shares of J.B. Hunt Transport Services by 0.7% in the 3rd quarter. Janus Henderson Group PLC now owns 3,374,724 shares of the transportation company’s stock worth $581,567,000 after purchasing an additional 22,563 shares in the last quarter. State Street Corp boosted its position in shares of J.B. Hunt Transport Services by 0.6% during the third quarter. State Street Corp now owns 3,289,874 shares of the transportation company’s stock valued at $566,944,000 after buying an additional 19,826 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of J.B. Hunt Transport Services by 6.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,685,068 shares of the transportation company’s stock valued at $269,611,000 after buying an additional 105,500 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in J.B. Hunt Transport Services by 25.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock worth $152,589,000 after buying an additional 193,684 shares in the last quarter. Finally, Parnassus Investments LLC raised its position in J.B. Hunt Transport Services by 14.1% in the 3rd quarter. Parnassus Investments LLC now owns 753,005 shares of the transportation company’s stock worth $129,765,000 after buying an additional 93,213 shares during the last quarter. 74.95% of the stock is owned by institutional investors.

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.