Citigroup Lowers J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $193.00

J.B. Hunt Transport Services (NASDAQ:JBHT - Free Report) had its price objective cut by Citigroup from $204.00 to $193.00 in a research report report published on Friday morning,Benzinga reports. They currently have a buy rating on the transportation company's stock.

Several other research analysts have also recently weighed in on JBHT. Evercore ISI decreased their price target on J.B. Hunt Transport Services from $207.00 to $202.00 and set an "outperform" rating for the company in a research note on Friday. Loop Capital boosted their price target 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. Raymond James boosted their price target on J.B. Hunt Transport Services from $195.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday, January 10th. Stifel Nicolaus decreased their price target on J.B. Hunt Transport Services from $167.00 to $161.00 and set a "hold" rating for the company in a research note on Wednesday. Finally, Barclays upped 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 research report on Wednesday, November 13th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $191.67.

J.B. Hunt Transport Services Stock Down 7.4 %

J.B. Hunt Transport Services stock traded down $13.75 during mid-day trading on Friday, hitting $172.45. The company had a trading volume of 3,299,167 shares, compared to its average volume of 555,105. 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's 50 day moving average price is $180.08 and its two-hundred day moving average price is $173.95. 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 market capitalization of $17.39 billion, a PE ratio of 31.35, a price-to-earnings-growth ratio of 2.94 and a beta of 1.16.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings results 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). J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The business had revenue of $3.15 billion during the quarter, compared to analysts' expectations of $3.13 billion. During the same quarter in the prior year, the firm earned $1.47 EPS. The firm's revenue for the quarter was down 4.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that J.B. Hunt Transport Services will post 5.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Darren P. Field sold 1,500 shares of the company's stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total value of $275,250.00. Following the completion of the transaction, the executive vice president now owns 12,650 shares of the company's stock, valued at $2,321,275. This represents a 10.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Spencer Frazier sold 2,200 shares of the company's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total value of $427,262.00. Following the completion of the transaction, the executive vice president now directly owns 4,050 shares of the company's stock, valued at approximately $786,550.50. This trade represents a 35.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,459 shares of company stock worth $2,136,277 over the last quarter. 2.10% of the stock is currently owned by corporate insiders.

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

A number of hedge funds have recently made changes to their positions in the business. Janus Henderson Group PLC boosted its stake in shares of J.B. Hunt Transport Services by 0.7% in the third quarter. Janus Henderson Group PLC now owns 3,374,724 shares of the transportation company's stock worth $581,567,000 after acquiring an additional 22,563 shares during the period. State Street Corp boosted its stake in J.B. Hunt Transport Services by 0.6% during the third quarter. State Street Corp now owns 3,289,874 shares of the transportation company's stock valued at $566,944,000 after buying an additional 19,826 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in J.B. Hunt Transport Services by 6.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,685,068 shares of the transportation company's stock valued at $269,611,000 after buying an additional 105,500 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in J.B. Hunt Transport Services by 25.5% during the second quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company's stock valued at $152,589,000 after buying an additional 193,684 shares during the last quarter. Finally, Parnassus Investments LLC boosted its stake in J.B. Hunt Transport Services by 14.1% during the third quarter. Parnassus Investments LLC now owns 753,005 shares of the transportation company's stock valued at $129,765,000 after buying an additional 93,213 shares during the last quarter. 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.