Wells Fargo & Company Cuts J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $170.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price dropped by analysts at Wells Fargo & Company from $190.00 to $170.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 12.29% from the company’s previous close.

JBHT has been the topic of several other research reports. Bank of America dropped their target price on shares of J.B. Hunt Transport Services from $189.00 to $170.00 and set a “buy” rating on the stock in a research report on Monday, March 17th. JPMorgan Chase & Co. dropped their price objective on shares of J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Citigroup reduced 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 research note on Friday, January 17th. Stifel Nicolaus reduced their price target on shares of J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating for the company in a research report on Wednesday, January 15th. Finally, Evercore ISI cut their price objective on shares of J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Nine research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $184.05.

J.B. Hunt Transport Services Trading Up 1.0 %

Shares of JBHT opened at $151.39 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. The company has a 50-day moving average of $163.51 and a 200 day moving average of $172.41. The firm has a market capitalization of $15.14 billion, a price-to-earnings ratio of 27.23, a PEG ratio of 1.61 and a beta of 1.16. J.B. Hunt Transport Services has a 1-year low of $144.34 and a 1-year high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released 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 net margin of 4.72% and a return on equity of 14.05%. The firm 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 company posted $1.47 earnings per share. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. On average, research analysts expect that J.B. Hunt Transport Services will post 6.37 EPS for the current year.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,200 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $161.67, for a total transaction of $194,004.00. Following the completion of the sale, the executive vice president now directly owns 17,822 shares of the company’s stock, valued at $2,881,282.74. The trade was a 6.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James K. Thompson sold 4,400 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total value of $771,628.00. Following the completion of the transaction, the director now owns 23,559 shares in the company, valued at approximately $4,131,541.83. The trade was a 15.74 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of JBHT. Wellington Management Group LLP raised its stake in J.B. Hunt Transport Services by 428.4% during the 4th quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company’s stock valued at $215,610,000 after acquiring an additional 1,024,295 shares during the last quarter. Norges Bank purchased a new stake in shares of J.B. Hunt Transport Services during the fourth quarter worth approximately $146,618,000. Demars Financial Group LLC grew its position in J.B. Hunt Transport Services by 16,964.6% in the 4th quarter. Demars Financial Group LLC now owns 610,059 shares of the transportation company’s stock valued at $104,113,000 after buying an additional 606,484 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of J.B. Hunt Transport Services by 111.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 956,504 shares of the transportation company’s stock worth $163,237,000 after acquiring an additional 503,324 shares during the period. Finally, Worldquant Millennium Advisors LLC boosted its holdings in shares of J.B. Hunt Transport Services by 2,408.1% in the fourth quarter. Worldquant Millennium Advisors LLC now owns 213,888 shares of the transportation company’s stock valued at $36,502,000 after acquiring an additional 205,360 shares in 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.