J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Lowered to $161.00 at Stifel Nicolaus

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) had its price objective dropped by equities researchers at Stifel Nicolaus from $167.00 to $161.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a "hold" rating on the transportation company's stock. Stifel Nicolaus' price target would indicate a potential downside of 13.70% from the stock's current price.

A number of other brokerages also recently issued reports on JBHT. Bank of America increased their price target on shares of J.B. Hunt Transport Services from $188.00 to $196.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Stephens reissued an "overweight" rating and set a $195.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. TD Cowen lifted their price target on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a "hold" rating in a research note on Wednesday, October 16th. Susquehanna upgraded J.B. Hunt Transport Services from a "neutral" rating to a "positive" rating and set a $200.00 price target on the stock in a research report on Friday, January 3rd. Finally, Barclays raised their price objective on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the company an "equal weight" rating in a report on Wednesday, November 13th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $191.78.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ JBHT traded up $4.93 during trading on Wednesday, reaching $186.55. 1,025,575 shares of the company traded hands, compared to its average volume of 720,319. J.B. Hunt Transport Services has a 12-month low of $153.12 and a 12-month high of $219.51. 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 stock has a market cap of $18.81 billion, a P/E ratio of 33.92, a PEG ratio of 2.86 and a beta of 1.16. The firm's fifty day simple moving average is $180.64 and its 200 day simple moving average is $173.58.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.07. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The company had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same period in the previous year, the company posted $1.80 earnings per share. As a group, research analysts anticipate that J.B. Hunt Transport Services will post 5.7 earnings per share for the current fiscal year.

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

In other J.B. Hunt Transport Services news, CEO Shelley Simpson sold 6,000 shares of the company's stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $183.47, for a total value of $1,100,820.00. Following the completion of the sale, the chief executive officer now directly owns 82,264 shares in the company, valued at $15,092,976.08. This represents a 6.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Spencer Frazier sold 2,200 shares of J.B. Hunt Transport Services stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total value of $427,262.00. Following the transaction, the executive vice president now owns 4,050 shares in the company, valued at approximately $786,550.50. This represents a 35.20 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,459 shares of company stock worth $2,136,277. Insiders own 2.10% of the company's stock.

Institutional Trading of J.B. Hunt Transport Services

Several hedge funds have recently made changes to their positions in the company. Studio Investment Management LLC lifted its holdings in J.B. Hunt Transport Services by 5.4% in the third quarter. Studio Investment Management LLC now owns 1,068 shares of the transportation company's stock valued at $184,000 after acquiring an additional 55 shares during the last quarter. iA Global Asset Management Inc. raised its position in J.B. Hunt Transport Services by 2.6% in the third quarter. iA Global Asset Management Inc. now owns 2,133 shares of the transportation company's stock valued at $368,000 after purchasing an additional 55 shares during the period. Empirical Finance LLC lifted its stake in shares of J.B. Hunt Transport Services by 2.0% in the 3rd quarter. Empirical Finance LLC now owns 2,855 shares of the transportation company's stock valued at $492,000 after purchasing an additional 56 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of J.B. Hunt Transport Services by 18.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 388 shares of the transportation company's stock worth $67,000 after purchasing an additional 60 shares during the period. Finally, Huntington National Bank increased its position in shares of J.B. Hunt Transport Services by 21.8% during the 3rd quarter. Huntington National Bank now owns 341 shares of the transportation company's stock worth $59,000 after purchasing an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 74.95% of the company's stock.

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.