J.B. Hunt Transport Services (NASDAQ:JBHT) Given New $196.00 Price Target at UBS Group

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

Other analysts have also recently issued research reports about the company. Citigroup lowered their price target on J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating for the company in a research report on Friday. Loop Capital lifted their price target on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Bank of America lifted their price target on J.B. Hunt Transport Services from $195.00 to $206.00 and gave the stock a “buy” rating in a research report on Thursday. The Goldman Sachs Group reduced their price objective on J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Finally, Stephens reiterated an “overweight” rating and set a $205.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $191.67.

J.B. Hunt Transport Services Stock Down 7.4 %

J.B. Hunt Transport Services stock opened at $172.45 on Friday. 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 price-to-earnings ratio of 31.35, a PEG ratio of 2.94 and a beta of 1.16. 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.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 earnings per share 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 during the quarter, compared to analyst estimates of $3.13 billion. During the same period in the previous year, the business earned $1.47 EPS. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. Equities research analysts forecast 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, EVP Eric Mcgee sold 145 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $182.72, for a total value of $26,494.40. Following the sale, the executive vice president now directly owns 700 shares in the company, valued at approximately $127,904. The trade was a 17.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Darren P. Field sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total value of $275,250.00. Following the completion of the sale, the executive vice president now owns 12,650 shares in the company, valued at approximately $2,321,275. The trade was a 10.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,459 shares of company stock worth $2,136,277 in the last 90 days. Corporate insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in JBHT. Catalyst Capital Advisors LLC acquired a new position in shares of J.B. Hunt Transport Services during the 3rd quarter worth approximately $26,000. True Wealth Design LLC boosted its holdings in shares of 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 last quarter. Cromwell Holdings LLC boosted its holdings in shares of 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 worth $41,000 after purchasing an additional 76 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of 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 worth $48,000 after purchasing an additional 142 shares during the last quarter. Finally, Huntington National Bank boosted its holdings in shares of 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 worth $59,000 after purchasing an additional 61 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

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.