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

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) had its price objective dropped by equities research analysts at Stifel Nicolaus from $167.00 to $161.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a "hold" rating on the transportation company's stock. Stifel Nicolaus' price target would suggest a potential downside of 13.60% from the stock's current price.

JBHT has been the subject of several other reports. BMO Capital Markets reiterated an "outperform" rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. The Goldman Sachs Group lowered their price target on J.B. Hunt Transport Services from $193.00 to $189.00 and set a "buy" rating for the company in a research report on Wednesday, October 9th. Raymond James boosted their price target on J.B. Hunt Transport Services from $195.00 to $200.00 and gave the company an "outperform" rating in a research note on Friday, January 10th. Loop Capital raised their price objective on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a "hold" rating in a research note on Thursday, October 17th. Finally, Benchmark reaffirmed a "buy" rating and set a $195.00 target price on shares of J.B. Hunt Transport Services in a report on Friday, January 10th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $192.33.

J.B. Hunt Transport Services Stock Down 0.1 %

NASDAQ JBHT traded down $0.21 during trading on Wednesday, hitting $186.34. The company's stock had a trading volume of 1,673,966 shares, compared to its average volume of 811,554. J.B. Hunt Transport Services has a fifty-two week low of $153.12 and a fifty-two week high of $219.51. The company has a market cap of $18.79 billion, a PE ratio of 33.88, a P/E/G ratio of 2.94 and a beta of 1.16. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 0.94. The business's 50 day simple moving average is $180.51 and its 200-day simple moving average is $173.67.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.09). The company had revenue of $3.15 billion during the quarter, compared to analysts' expectations of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. The business's revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.47 earnings per share. On average, equities analysts anticipate that J.B. Hunt Transport Services will post 5.67 EPS for the current fiscal year.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, CEO Shelley Simpson sold 6,000 shares of the stock in a transaction that occurred 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Darren P. Field sold 1,500 shares of the business's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total value of $275,250.00. Following the completion of the sale, the executive vice president now owns 12,650 shares of the company's stock, valued at $2,321,275. This trade represents a 10.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,459 shares of company stock valued at $2,136,277 in the last ninety days. 2.10% of the stock is currently owned by corporate insiders.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC acquired a new stake in J.B. Hunt Transport Services in the 2nd quarter worth about $248,000. Choreo LLC purchased a new position in shares of J.B. Hunt Transport Services in the second quarter valued at approximately $218,000. DekaBank Deutsche Girozentrale boosted its stake in shares of J.B. Hunt Transport Services by 13.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 17,955 shares of the transportation company's stock worth $2,821,000 after acquiring an additional 2,060 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of J.B. Hunt Transport Services by 0.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,446,351 shares of the transportation company's stock worth $231,416,000 after purchasing an additional 5,179 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in J.B. Hunt Transport Services by 25.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company's stock valued at $152,589,000 after purchasing an additional 193,684 shares during the last quarter. 74.95% of the stock is owned by hedge funds and other 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.