J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Cut to $211.00 by Analysts at UBS Group

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price cut by investment analysts at UBS Group from $234.00 to $211.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. UBS Group’s price objective would indicate a potential upside of 25.50% from the stock’s previous close.

A number of other research analysts have also recently weighed in on JBHT. Stifel Nicolaus reiterated a “hold” rating and set a $188.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday, January 19th. StockNews.com cut shares of J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a research report on Friday, March 8th. TD Cowen cut their price target on shares of J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating on the stock in a report on Wednesday. Robert W. Baird restated an “outperform” rating and issued a $215.00 price target on shares of J.B. Hunt Transport Services in a report on Friday, January 19th. Finally, Susquehanna cut their price target on shares of J.B. Hunt Transport Services from $200.00 to $195.00 and set a “neutral” rating on the stock in a report on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. 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 $197.39.

J.B. Hunt Transport Services Price Performance

JBHT traded down $14.86 during trading hours on Wednesday, hitting $168.13. The company’s stock had a trading volume of 3,720,800 shares, compared to its average volume of 803,560. The business’s 50-day moving average price is $200.81 and its 200-day moving average price is $193.34. J.B. Hunt Transport Services has a 12 month low of $160.07 and a 12 month high of $219.51. The stock has a market cap of $17.37 billion, a price-to-earnings ratio of 24.04, a P/E/G ratio of 1.62 and a beta of 1.11. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Thursday, January 18th. The transportation company reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.27). J.B. Hunt Transport Services had a net margin of 5.68% and a return on equity of 18.40%. The firm had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter last year, the firm earned $1.92 EPS. The company’s revenue was down 9.6% on a year-over-year basis. Sell-side analysts expect that J.B. Hunt Transport Services will post 7.61 earnings per share for the current fiscal year.

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

In other news, Director Patrick J. Ottensmeyer purchased 5,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was acquired at an average cost of $202.99 per share, with a total value of $1,014,950.00. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at approximately $1,014,950. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other J.B. Hunt Transport Services news, Chairman James K. Thompson sold 4,000 shares of the stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $206.48, for a total transaction of $825,920.00. Following the completion of the sale, the chairman now directly owns 28,259 shares of the company’s stock, valued at $5,834,918.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Patrick J. Ottensmeyer purchased 5,000 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were purchased at an average cost of $202.99 per share, with a total value of $1,014,950.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $1,014,950. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 20,432 shares of company stock valued at $4,309,687. 2.10% of the stock is currently owned by insiders.

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

Several hedge funds and other institutional investors have recently modified their holdings of JBHT. Morgan Stanley raised its position in shares of J.B. Hunt Transport Services by 269.1% in the 4th quarter. Morgan Stanley now owns 2,371,613 shares of the transportation company’s stock valued at $413,514,000 after purchasing an additional 1,728,989 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of J.B. Hunt Transport Services by 184.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,154,757 shares of the transportation company’s stock valued at $406,215,000 after purchasing an additional 1,397,651 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of J.B. Hunt Transport Services by 7,720.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 983,703 shares of the transportation company’s stock valued at $196,485,000 after purchasing an additional 971,124 shares during the last quarter. Norges Bank purchased a new position in shares of J.B. Hunt Transport Services in the 4th quarter valued at approximately $185,299,000. Finally, BlackRock Inc. raised its position in shares of J.B. Hunt Transport Services by 6.8% in the 1st quarter. BlackRock Inc. now owns 6,714,693 shares of the transportation company’s stock valued at $1,178,160,000 after purchasing an additional 429,256 shares during the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

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.