Citigroup Cuts J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $193.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target cut by Citigroup from $204.00 to $193.00 in a report published on Friday,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

Other analysts also recently issued research reports about the stock. Benchmark restated a “buy” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday. Raymond James upped their price target on shares of J.B. Hunt Transport Services from $195.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Loop Capital upped their price target on shares of J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. Bank of America upped their price target on shares of J.B. Hunt Transport Services from $195.00 to $206.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Susquehanna upgraded shares of J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 target price for the company in a research note on Friday, January 3rd. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $191.67.

J.B. Hunt Transport Services Trading Down 7.4 %

NASDAQ JBHT opened at $172.45 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. J.B. Hunt Transport Services has a 52 week low of $153.12 and a 52 week high of $219.51. The stock has a market capitalization of $17.39 billion, a PE ratio of 31.35, a price-to-earnings-growth ratio of 2.94 and a beta of 1.16. The firm has a 50 day moving average of $180.08 and a two-hundred day moving average of $174.06.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.09). The company had revenue of $3.15 billion for 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%. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.47 EPS. As a group, research analysts expect that J.B. Hunt Transport Services will post 5.67 EPS for the current fiscal year.

Insider Activity at J.B. Hunt Transport Services

In related news, CEO Shelley Simpson sold 6,000 shares of the firm’s 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 completion of the transaction, the chief executive officer now directly owns 82,264 shares of the company’s stock, valued at $15,092,976.08. This trade represents a 6.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Kevin Bracy sold 1,614 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $189.87, for a total value of $306,450.18. Following the transaction, the senior vice president now directly owns 8,235 shares of the company’s stock, valued at $1,563,579.45. The trade was a 16.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,459 shares of company stock valued at $2,136,277 in the last ninety days. Corporate insiders own 2.10% of the company’s stock.

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

Several hedge funds have recently bought and sold shares of JBHT. Catalyst Capital Advisors LLC purchased a new position in J.B. Hunt Transport Services during the third quarter worth $26,000. True Wealth Design LLC increased its position in J.B. Hunt Transport Services by 2,028.6% during the third quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock worth $26,000 after buying an additional 142 shares in the last quarter. Cromwell Holdings LLC increased its position in J.B. Hunt Transport Services by 47.2% during the third quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company’s stock worth $41,000 after buying an additional 76 shares in the last quarter. Versant Capital Management Inc increased its position in J.B. Hunt Transport Services by 102.2% during the fourth quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock worth $48,000 after buying an additional 142 shares in the last quarter. Finally, Huntington National Bank increased its position in J.B. Hunt Transport Services by 21.8% during the third quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock worth $59,000 after buying an additional 61 shares in the last quarter. Hedge funds and other 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.