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 price objective trimmed by UBS Group from $211.00 to $196.00 in a research note issued to investors on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

Several other analysts have also recently issued reports on the company. Raymond James upped their target price on J.B. Hunt Transport Services from $195.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Citigroup dropped their target price on J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating for the company in a report on Friday. The Goldman Sachs Group dropped their target price on 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. Stephens restated an “overweight” rating and issued a $205.00 target price on shares of J.B. Hunt Transport Services in a report on Friday. Finally, BMO Capital Markets reiterated 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. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and a consensus price target of $191.67.

J.B. Hunt Transport Services Trading Down 7.4 %

Shares of JBHT 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 company 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 stock has a 50 day simple moving average of $180.08 and a 200-day simple moving average of $173.85. J.B. Hunt Transport Services has a 1-year low of $153.12 and a 1-year high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the previous year, the firm posted $1.47 earnings per share. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. On average, equities research analysts expect that J.B. Hunt Transport Services will post 5.67 EPS for the current fiscal year.

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

In related news, EVP Eric Mcgee sold 145 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $182.72, for a total transaction of $26,494.40. Following the transaction, the executive vice president now owns 700 shares in the company, valued at $127,904. This trade represents a 17.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Spencer Frazier sold 2,200 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total value of $427,262.00. Following the transaction, the executive vice president now owns 4,050 shares in the company, valued at $786,550.50. This represents a 35.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,459 shares of company stock valued at $2,136,277 in the last quarter. Corporate insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds 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 3rd 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 purchased a new position in shares of J.B. Hunt Transport Services in the 3rd quarter valued at approximately $26,000. Cromwell Holdings LLC grew its stake in shares of J.B. Hunt Transport Services by 47.2% in the 3rd quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company’s stock valued at $41,000 after purchasing an additional 76 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of J.B. Hunt Transport Services by 102.2% in the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 142 shares during the last quarter. Finally, Huntington National Bank grew its stake in shares of J.B. Hunt Transport Services by 21.8% in the 3rd quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock valued at $59,000 after purchasing an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

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.