UBS Group Has Lowered Expectations for J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Price

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price dropped by equities research analysts at UBS Group from $211.00 to $196.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. UBS Group’s price objective suggests a potential upside of 13.66% from the stock’s current price.

JBHT has been the subject of a number of other reports. Loop Capital boosted their price objective on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Raymond James upped their price target on J.B. Hunt Transport Services from $195.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. The Goldman Sachs Group dropped their price objective on J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. JPMorgan Chase & Co. reduced their target price on shares of J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Citigroup dropped their price target on shares of J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating on the stock in a research report on Friday. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and a consensus target price of $191.67.

J.B. Hunt Transport Services Trading Down 7.4 %

Shares of NASDAQ JBHT opened at $172.45 on Friday. The stock has a market cap of $17.39 billion, a P/E ratio of 31.35, a price-to-earnings-growth ratio of 2.94 and a beta of 1.16. The firm has a 50 day moving average price of $180.08 and a two-hundred day moving average price of $173.95. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. J.B. Hunt Transport Services has a 52-week low of $153.12 and a 52-week high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.09). The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate 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 period last year, the business posted $1.47 earnings per share. As a group, equities analysts forecast that J.B. Hunt Transport Services will post 5.67 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Shelley Simpson sold 6,000 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $183.47, for a total transaction of $1,100,820.00. Following the completion of the transaction, the chief executive officer now owns 82,264 shares in the company, valued at approximately $15,092,976.08. This represents a 6.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Eric Mcgee sold 145 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $182.72, for a total value of $26,494.40. Following the completion of the sale, the executive vice president now owns 700 shares in the company, valued at $127,904. This represents a 17.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,459 shares of company stock valued at $2,136,277 over the last ninety days. 2.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Arvest Bank Trust Division bought a new stake in J.B. Hunt Transport Services during the 3rd quarter worth approximately $1,578,000. Forsta AP Fonden grew its position in shares of J.B. Hunt Transport Services by 28.2% during the 3rd quarter. Forsta AP Fonden now owns 15,900 shares of the transportation company’s stock valued at $2,740,000 after purchasing an additional 3,500 shares in the last quarter. State Street Corp increased its holdings in shares of J.B. Hunt Transport Services by 0.6% in the third quarter. State Street Corp now owns 3,289,874 shares of the transportation company’s stock worth $566,944,000 after purchasing an additional 19,826 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of J.B. Hunt Transport Services by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 553,698 shares of the transportation company’s stock worth $95,419,000 after buying an additional 12,040 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in J.B. Hunt Transport Services by 2.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 190,689 shares of the transportation company’s stock valued at $32,861,000 after buying an additional 3,910 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.