J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Receives $192.11 Average Price Target from Brokerages

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) have earned an average recommendation of “Moderate Buy” from the eighteen brokerages that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $191.67.

Several analysts recently issued reports on JBHT shares. 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 on the stock in a research report on Wednesday. Wells Fargo & Company dropped their price objective on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “overweight” rating for the company in a research note on Friday. Citigroup dropped their price objective on shares of 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. Benchmark reissued a “buy” rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday. Finally, The Goldman Sachs Group dropped 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 research note on Wednesday, October 9th.

Insiders Place Their Bets

In other news, EVP Spencer Frazier sold 2,200 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total transaction of $427,262.00. Following the completion of the transaction, the executive vice president now directly owns 4,050 shares in the company, valued at $786,550.50. This trade represents a 35.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kevin Bracy sold 1,614 shares of J.B. Hunt Transport Services stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $189.87, for a total transaction of $306,450.18. Following the transaction, the senior vice president now owns 8,235 shares of the company’s stock, valued at $1,563,579.45. This represents a 16.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,459 shares of company stock worth $2,136,277. 2.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Perpetual Ltd lifted its position in shares of J.B. Hunt Transport Services by 64.3% during the fourth quarter. Perpetual Ltd now owns 4,268 shares of the transportation company’s stock valued at $728,000 after purchasing an additional 1,670 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of J.B. Hunt Transport Services by 155.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 537 shares of the transportation company’s stock valued at $92,000 after purchasing an additional 327 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of J.B. Hunt Transport Services during the fourth quarter valued at about $368,000. B & T Capital Management DBA Alpha Capital Management lifted its position in shares of J.B. Hunt Transport Services by 2.1% during the fourth quarter. B & T Capital Management DBA Alpha Capital Management now owns 13,591 shares of the transportation company’s stock valued at $2,319,000 after purchasing an additional 282 shares in the last quarter. Finally, Merit Financial Group LLC bought a new position in shares of J.B. Hunt Transport Services during the fourth quarter valued at about $253,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT opened at $172.45 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $17.39 billion, a price-to-earnings ratio of 31.35, a P/E/G ratio of 2.94 and a beta of 1.16. The firm’s 50 day simple moving average is $180.08 and its 200 day simple moving average is $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 posted its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.09). The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates 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 business’s revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.47 EPS. As a group, research analysts expect that J.B. Hunt Transport Services will post 5.67 earnings per share for the current fiscal year.

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.