Wells Fargo & Company Cuts J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $190.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target decreased by Wells Fargo & Company from $200.00 to $190.00 in a research report released on Friday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the transportation company’s stock.

A number of other equities analysts also recently commented on the company. Bank of America lifted their target price on J.B. Hunt Transport Services from $195.00 to $206.00 and gave the company a “buy” rating in a research note on Thursday. Evercore ISI lifted their target price on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Raymond James lifted their target price on J.B. Hunt Transport Services from $195.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Stephens restated an “overweight” rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Finally, TD Cowen decreased their target price on J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating for the company in a research note on Friday. Six 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 company presently has a consensus rating of “Moderate Buy” and an average target price of $191.67.

J.B. Hunt Transport Services Stock Down 7.4 %

Shares of NASDAQ JBHT 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 firm has a market cap of $17.39 billion, a price-to-earnings ratio of 31.35, a PEG 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. The stock’s 50-day simple moving average is $180.08 and its 200-day simple moving average is $174.06.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The business had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the previous year, the firm posted $1.47 earnings per share. The firm’s revenue was down 4.5% compared to the same quarter last year. As a group, equities analysts anticipate that J.B. Hunt Transport Services will post 5.67 earnings per share for the current fiscal year.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, EVP Eric Mcgee sold 145 shares of the company’s stock in a transaction 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 transaction, the executive vice president now owns 700 shares of the company’s stock, valued at approximately $127,904. This represents a 17.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Darren P. Field sold 1,500 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total value of $275,250.00. Following the completion of the transaction, the executive vice president now directly owns 12,650 shares in the company, valued at $2,321,275. This represents a 10.60 % 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 valued at $2,136,277 over the last quarter. Corporate insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Arvest Bank Trust Division acquired a new stake in J.B. Hunt Transport Services during the 3rd quarter valued at $1,578,000. Forsta AP Fonden raised its stake in J.B. Hunt Transport Services by 28.2% during the 3rd quarter. Forsta AP Fonden now owns 15,900 shares of the transportation company’s stock valued at $2,740,000 after purchasing an additional 3,500 shares during the period. State Street Corp raised its stake in J.B. Hunt Transport Services by 0.6% during the 3rd quarter. State Street Corp now owns 3,289,874 shares of the transportation company’s stock valued at $566,944,000 after purchasing an additional 19,826 shares during the period. Charles Schwab Investment Management Inc. raised its stake in J.B. Hunt Transport Services by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 553,698 shares of the transportation company’s stock valued at $95,419,000 after purchasing an additional 12,040 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in J.B. Hunt Transport Services by 2.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 190,689 shares of the transportation company’s stock valued at $32,861,000 after purchasing an additional 3,910 shares during the period. Institutional investors 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.