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

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

A number of other equities research analysts have also recently issued reports on JBHT. The Goldman Sachs Group decreased their price objective on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Susquehanna upgraded shares of J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 price target for the company in a report on Friday, January 3rd. BMO Capital Markets restated an “outperform” rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Evercore ISI upped their price target on shares of J.B. Hunt Transport Services from $183.00 to $185.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, 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 report on Thursday, October 17th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $191.67.

J.B. Hunt Transport Services Trading Down 7.4 %

Shares of NASDAQ:JBHT opened at $172.45 on Friday. The stock has a market capitalization of $17.39 billion, a PE ratio of 31.35, a P/E/G 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 firm has a fifty day moving average price of $180.08 and a 200 day moving average price of $174.06. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate 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 company’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.47 earnings per share. Analysts expect that J.B. Hunt Transport Services will post 5.67 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Eric Mcgee sold 145 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $182.72, for a total value of $26,494.40. Following the completion of the transaction, the executive vice president now owns 700 shares of the company’s stock, valued at $127,904. This represents a 17.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Darren P. Field sold 1,500 shares of the stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total transaction of $275,250.00. Following the completion of the transaction, the executive vice president now directly owns 12,650 shares of the company’s stock, valued at $2,321,275. This trade represents a 10.60 % 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 over the last quarter. Corporate insiders own 2.10% of the company’s stock.

Institutional Trading of J.B. Hunt Transport Services

Large investors have recently added to or reduced their stakes in the company. True Wealth Design LLC grew its stake 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 during the last quarter. Catalyst Capital Advisors LLC bought a new stake in J.B. Hunt Transport Services during the third quarter worth about $26,000. Cromwell Holdings LLC grew its stake 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 during the last quarter. Versant Capital Management Inc grew its stake 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 during the last quarter. Finally, Huntington National Bank grew its stake 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 during the last quarter. 74.95% of the stock is owned by institutional investors.

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.