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

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target reduced by stock analysts at UBS Group from $234.00 to $211.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. UBS Group’s target price indicates a potential upside of 28.50% from the stock’s current price.

A number of other analysts also recently weighed in on the stock. Susquehanna decreased their target price on shares of J.B. Hunt Transport Services from $200.00 to $195.00 and set a “neutral” rating for the company in a research report on Monday, March 25th. JPMorgan Chase & Co. decreased their target price on shares of J.B. Hunt Transport Services from $220.00 to $212.00 and set an “overweight” rating for the company in a research report on Thursday, December 21st. Barclays downgraded shares of J.B. Hunt Transport Services from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $215.00 to $200.00 in a research report on Monday, April 1st. Raymond James increased their target price on shares of J.B. Hunt Transport Services from $200.00 to $209.00 and gave the company an “outperform” rating in a research report on Tuesday, January 16th. Finally, Stephens decreased their target price on shares of J.B. Hunt Transport Services from $212.00 to $210.00 and set an “overweight” rating for the company in a research report on Thursday, April 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $194.56.

J.B. Hunt Transport Services Stock Performance

J.B. Hunt Transport Services stock opened at $164.20 on Wednesday. The business has a 50 day moving average of $198.90 and a 200-day moving average of $192.97. J.B. Hunt Transport Services has a 1 year low of $160.07 and a 1 year high of $219.51. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.15. The company has a market capitalization of $16.96 billion, a P/E ratio of 26.06, a P/E/G ratio of 1.61 and a beta of 1.11.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Thursday, January 18th. The transportation company reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.27). J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.40%. The firm had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.29 billion. During the same period in the prior year, the company earned $1.92 EPS. The business’s quarterly revenue was down 9.6% compared to the same quarter last year. On average, equities research analysts predict that J.B. Hunt Transport Services will post 7.57 earnings per share for the current year.

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

In other J.B. Hunt Transport Services news, SVP Kevin Bracy sold 754 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $211.79, for a total value of $159,689.66. Following the transaction, the senior vice president now directly owns 8,235 shares of the company’s stock, valued at $1,744,090.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other J.B. Hunt Transport Services news, SVP Kevin Bracy sold 754 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $211.79, for a total value of $159,689.66. Following the transaction, the senior vice president now directly owns 8,235 shares of the company’s stock, valued at $1,744,090.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Alfred C. Harper sold 6,500 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $212.71, for a total transaction of $1,382,615.00. Following the transaction, the insider now directly owns 42,411 shares in the company, valued at $9,021,243.81. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,432 shares of company stock valued at $4,309,687. Corporate insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Hexagon Capital Partners LLC lifted its position in shares of J.B. Hunt Transport Services by 0.4% during the first quarter. Hexagon Capital Partners LLC now owns 379,243 shares of the transportation company’s stock valued at $75,564,000 after purchasing an additional 1,522 shares in the last quarter. SteelPeak Wealth LLC bought a new position in shares of J.B. Hunt Transport Services during the first quarter valued at about $502,000. Wealth Enhancement Advisory Services LLC raised its position in J.B. Hunt Transport Services by 4.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,324 shares of the transportation company’s stock worth $662,000 after acquiring an additional 128 shares during the period. Disciplined Investments LLC raised its position in J.B. Hunt Transport Services by 1.4% in the first quarter. Disciplined Investments LLC now owns 29,067 shares of the transportation company’s stock worth $5,791,000 after acquiring an additional 412 shares during the period. Finally, Gateway Investment Advisers LLC raised its position in J.B. Hunt Transport Services by 1.3% in the first quarter. Gateway Investment Advisers LLC now owns 45,905 shares of the transportation company’s stock worth $9,147,000 after acquiring an additional 590 shares during the period. 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.