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

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

Other analysts have also recently issued research reports about the company. TD Cowen reduced their price objective on J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating for the company in a research report on Friday. Stifel Nicolaus dropped their price objective on J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating for the company in a research note on Wednesday, January 15th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Barclays upped their price objective on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Finally, Citigroup dropped 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 note on Friday. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $191.67.

J.B. Hunt Transport Services Stock Down 7.4 %

JBHT stock opened at $172.45 on Friday. J.B. Hunt Transport Services has a 1-year low of $153.12 and a 1-year high of $219.51. The business has a fifty day moving average price of $180.08 and a 200-day moving average price of $174.06. 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 $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 (NASDAQ:JBHT) last posted its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). The firm had revenue of $3.15 billion for the quarter, compared to analysts’ expectations 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 revenue was down 4.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.47 EPS. Equities analysts forecast 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, CEO Shelley Simpson sold 6,000 shares of the 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 sale, the chief executive officer now directly owns 82,264 shares in the company, valued at approximately $15,092,976.08. This represents a 6.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Eric Mcgee sold 145 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $182.72, for a total value of $26,494.40. Following the completion of the sale, the executive vice president now owns 700 shares in the company, valued at approximately $127,904. The trade was a 17.16 % decrease in their ownership of the stock. 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 ninety days. Company insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. True Wealth Design LLC increased its holdings in J.B. Hunt Transport Services by 2,028.6% during the 3rd quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock worth $26,000 after purchasing an additional 142 shares during the period. Catalyst Capital Advisors LLC bought a new stake in J.B. Hunt Transport Services during the 3rd quarter valued at $26,000. Cromwell Holdings LLC boosted its position in J.B. Hunt Transport Services by 47.2% during the 3rd quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company’s stock valued at $41,000 after acquiring an additional 76 shares in the last quarter. Versant Capital Management Inc boosted its position 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 valued at $48,000 after acquiring an additional 142 shares in the last quarter. Finally, Huntington National Bank boosted its position in J.B. Hunt Transport Services by 21.8% during the 3rd quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock valued at $59,000 after acquiring an additional 61 shares in the last quarter. 74.95% of the stock is currently 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.