Wells Fargo & Company Lowers J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $170.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective lowered by analysts at Wells Fargo & Company from $190.00 to $170.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s price target points to a potential upside of 16.34% from the stock’s current price.

A number of other analysts have also recently commented on JBHT. Susquehanna cut J.B. Hunt Transport Services from a “positive” rating to a “neutral” rating and lowered their price target for the company from $200.00 to $165.00 in a research note on Wednesday. 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, January 15th. Stephens reissued an “overweight” rating and issued a $205.00 price target on shares of J.B. Hunt Transport Services in a report on Friday, January 17th. UBS Group dropped their price objective on J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Finally, Evercore ISI decreased their target price on J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $184.05.

J.B. Hunt Transport Services Stock Down 3.1 %

Shares of NASDAQ JBHT opened at $146.12 on Thursday. J.B. Hunt Transport Services has a 1 year low of $144.34 and a 1 year high of $200.40. The firm’s 50-day moving average is $162.28 and its 200-day moving average is $172.08. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $14.61 billion, a PE ratio of 26.28, a price-to-earnings-growth ratio of 1.61 and a beta of 1.16.

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 analysts’ consensus estimates of $1.62 by ($0.09). The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. J.B. Hunt Transport Services’s revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.47 EPS. Equities analysts expect that J.B. Hunt Transport Services will post 6.37 EPS for the current year.

Insider Buying and Selling at J.B. Hunt Transport Services

In other news, Director James K. Thompson sold 4,400 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total transaction of $771,628.00. Following the completion of the sale, the director now owns 23,559 shares in the company, valued at approximately $4,131,541.83. This trade represents a 15.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Darren P. Field sold 1,200 shares of the company’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $161.67, for a total transaction of $194,004.00. Following the completion of the transaction, the executive vice president now owns 17,822 shares in the company, valued at approximately $2,881,282.74. This trade represents a 6.31 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On J.B. Hunt Transport Services

Several hedge funds have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC grew its position in shares of J.B. Hunt Transport Services by 21.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,102 shares of the transportation company’s stock valued at $1,041,000 after purchasing an additional 1,066 shares during the last quarter. Siemens Fonds Invest GmbH boosted its stake in J.B. Hunt Transport Services by 292.7% in the 4th quarter. Siemens Fonds Invest GmbH now owns 22,798 shares of the transportation company’s stock valued at $3,891,000 after purchasing an additional 16,992 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in J.B. Hunt Transport Services in the 4th quarter valued at $14,655,000. Mackenzie Financial Corp increased its position in J.B. Hunt Transport Services by 28.2% during the 4th quarter. Mackenzie Financial Corp now owns 8,739 shares of the transportation company’s stock worth $1,491,000 after buying an additional 1,923 shares during the period. Finally, Forum Financial Management LP lifted its holdings in shares of J.B. Hunt Transport Services by 34.4% during the fourth quarter. Forum Financial Management LP now owns 1,799 shares of the transportation company’s stock worth $307,000 after buying an additional 460 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

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.